Business · Companies · 18 hrs ago
South Korea selects 21 firms for export support program
South Korea’s trade insurer selected 21 firms for its Export Growth Planet program.
The program is designed to help small and midsize companies grow into global exporters.
Support is tailored to each firm’s export level, with tiers for companies exporting up to $1 million, $30 million or $100 million a year.
Benefits include special export credit guarantees of up to 10 billion won, discounts of up to 90% on insurance and guarantee fees, and free credit checks on foreign companies.
The program can cover 100% of export financing guarantees and keep guarantee limits unchanged for three years, easing some costs and risks for firms.
Since the program began in July 2024, 64 previously selected firms have received trade insurance worth a combined 2.8 trillion won.
The insurer says it will help members find overseas opportunities and strengthen their export competitiveness.
South Korea’s trade insurance agency selected 21 new companies for its Export Growth Planet support program.
The Korea Trade Insurance Corporation held a certificate ceremony for the new members in Seoul on November 6.
The program provides tailored support to small and medium-sized companies seeking to grow their exports.
Benefits include special export credit guarantees of up to 10 billion won and discounts of up to 90% on insurance and guarantee fees.
The agency said it had previously supported 64 member companies with trade insurance worth a total of 2.8 trillion won.
- Who
- The Korea Trade Insurance Corporation selected 21 companies.
- What
- The companies joined the Export Growth Planet program, which offers tailored export support.
- When
- The selection was announced on November 8, 2026. The certificate ceremony took place on November 6.
- Where
- The ceremony was held at the Westin Josun Hotel in Jung-gu, Seoul.
- Why
- The program aims to help small and medium-sized companies develop into global exporters.
This story does not have two clearly opposing sides.
The Korea Trade Insurance Corporation began operating the Export Growth Planet program.
The corporation held a certificate ceremony for the 21 new members at the Westin Josun Hotel in Seoul.
The corporation announced the selection of 21 new member companies.
- New members
- 21 companies
- Maximum special export credit guarantee
- 10 billion won
- Insurance and guarantee fee discount
- Up to 90%
- Free overseas company credit investigations
- 30
- Previously supported members
- 64 companies
- Trade insurance provided to previous members
- 2.8 trillion won in total
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What people are saying
We will do our utmost to support our companies’ global export leap through Export Growth Planet.
We will be a reliable partner so that member companies can find new opportunities in global markets and strengthen their export competitiveness.