Automobile Parts Promotes Overseas Expansion

Createdd 2003-09-26 Hit 6541

Contents

Gyeonggi-do has supported production costs for automobile part manufacturers to accelerate overseas expansion. 

Subjects for support are small and medium manufacturers of automobile parts located in the Gyeonggi-do. Financial support is provided within 50% of the production cost for more than 2 parts per manufacturer. 

Each manufacturer will be able to receive financial aid up to 2 million Won yearly and suppliers who fail to delivery will be excluded from support. 

Applications and other necessary material will be accepted till the end of the month and the province will choose about 8 manufacturers. 

Criteria for selection includes product marketability, delivery capacity, export achievements, promising business certification, international standard certification for automobile parts and also other fields.