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Corporate Growth Ladder Establishment Plan
(For the growth of SMEs into middle market enterprises)
1) Expand support for companies graduating from the SME status
ㅇ Extend the graduation grace period for tax benefits (three years → five years)
ㅇ Grant SMEs listed on the KOSPI or KOSDAQ an additional two-year grace period for tax benefits (seven years in total)
ㅇ Gradually reduce R&D and investment tax credits upon graduation of the SME status
2) Establish a “Growth Ladder Jump-Up Program”
ㅇ Select and support 100 promising SMEs for three years
ㅇ Build a network of private sector experts, including former business executives and private investment institutions
ㅇ Support corporate growth
- Provide vouchers for a wide range of consulting services
- Put priority on SMEs for government support programs in areas such as exports and R&D
3) Provide tailored support for promising SMEs
ㅇ Back up financing from commercial banks and private sector
ㅇ Expand support SMEs’ M&A
- Launch a dedicated M&A center in the KOTEC and collaborate with the Industrial Bank of Korea’s M&A platform
ㅇ Enhance R&D support to attract private investment
- Set up an R&D fund jointly invested by the fund of funds and CVC
4) Shore up support by utilizing public information
ㅇ Match investors and companies
- Provide technology evaluation and financial analysis information for private financial institutions
ㅇ Improve convenience for companies
- Facilitate easier access to policy finance
- Provide tailored information for SMEs becoming middle market enterprises