Korea SMEs and Startups Agency to Boost Gyeongsangnam-do's Key Industries... 32 Public, Private and Academic Organizations "Join Forces"
Support for Five Key Industries: Shipbuilding, Nuclear Power, Aerospace, AI, and Defense
The Korea SMEs and Startups Agency said on October 20 that it had signed a business agreement with 32 participating organizations to support the growth of small and medium-sized enterprises in Gyeongsangnam-do's key industries.
"SEA-AD industries" is a name formed from the initial letters of the English names of Gyeongsangnam-do's key industries: Shipbuilding, Energy, Aerospace, AI, and Defense.
The participating organizations include three government agencies, including Gyeongsangnam-do, the Gyeongnam Regional Office of SMEs and Startups, and the Changwon District Office of Employment and Labor; nine private associations and organizations related to nuclear power, defense, AI, and robotics; eight organizations that support SMEs, including the Korea SMEs and Startups Agency and Gyeongnam Technopark (Gyeongnam TP); two financial institutions; and four local universities. Six major anchor companies are also participating: Samsung Heavy Industries, Doosan Enerbility, Korea Aerospace Industries (KAI), Hyundai Rotem, Hyosung Heavy Industries, and Haesung DS.
Building on the agreement, the Korea SMEs and Startups Agency plans to strengthen the growth foundations of SMEs in Gyeongsangnam-do's key industries in line with policy directions, including the "Five Mega-Regions and Three Special Self-Governing Provinces" initiative for balanced national growth and three major mega-projects.
Hot Picks Today
"Korean Beef for Dinner Tonight" - Drawn in by Half-Price Deals, but... "What Else Is There to Buy?" at 'Empty' Homeplus
- "A Gift to Myself: Using Up Every Last Day of Annual Leave on an Overseas Trip" Year-End Bookings Surge 138%... Thought It Was Japan Again, But...
- "I Should Enjoy It After Retirement": Prices Quadruple... Memberships Over 100 Million Won Popular, but Closures Mount
- Netanyahu Speaks With Trump Ahead of Election; Trump Says "You're Someone I Want by My Side," Backs Him
- "Come Live With Me on My Farm": Man Sells Everything and Travels 1,930 km, Trusting a Beautiful Woman
"We will continue to reflect the voices of businesses in the field in our policy programs and strengthen cooperation among organizations so that companies can receive the support they need in a timely manner, thereby enhancing the competitiveness of Gyeongsangnam-do's key industries," said Ban Jeongsik, the agency's regional innovation director.
© The Asia Business Daily. All rights reserved. Unauthorized AI training and use prohibited.
