Legal basis:
– Act on Facilitation of Smart Manufacturing Innovation of Small and Medium Enterprises.
Nowadays, the Korean Government introduces many projects to facilitate smart manufacturing innovation of small and medium enterprises and to formulate and implement policy measures related thereto, with the aim of strengthening the competitiveness of small and medium enterprises in manufacturing on the back of more environment-friendly jobs, a better working environment, and improved productivity, thereby contributing to the national economy.
- Providing support for the supply, expansion and follow-up management of smart factories;
- Enhancing technological competitiveness in smart manufacturing innovation;
- Facilitating cooperation among small and medium enterprises, middle-standing enterprises, and large enterprises related to smart manufacturing innovation;
- Providing support for smart manufacturing innovation promoted by an industry-academia-research network;
- Facilitating the utilization of manufacturing data;
- Providing support for the establishment of digital clusters;
- Fostering corporate suppliers;
- Training and supplying human resources specialized in smart manufacturing innovation;
- Providing education and conducting public relations activities related to smart manufacturing innovation;
- Developing domestic and overseas markets for enterprises related to smart manufacturing innovation.
Enterprises who participate in any support project may file an application to the Minister of SMEs and Startups. These projects will help the foreign investor business effectively and develop their company-scale. Also, it can attract more and more foreigners who intend to invest in Korea.
