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Government to promote middle market enterprises to become key players of Korean New Deal 2020-11-13

The Ministry of Trade, Industry and Energy, jointly with relevant ministries, announced on November 12 at the policy coordinating meeting on key state affairs that it will strengthen support for hidden champions and middle-market enterprises to become key players of the Korean New Deal.

Under the new growth strategy for hidden champions and middle-market enterprises, the government aims to develop 12,000 prominent companies related to Digital and Green New Deal projects and provide support for innovative growth to boost their global competitiveness. The government also aims to find 600 companies that will lead the regional economy and establish funds for R&D and business support.