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2 clusters · 5 sources · 2 days · First seen · Last updated

Incheon economic support and business initiatives

Overview

Incheon Metropolitan City is implementing various economic support measures to bolster local businesses and high-tech industries.

To support small businesses and revitalize local economies, the city is considering adjustments to its local currency, Incheon e-Eum. This includes maintaining a 10% cashback rate while lowering the monthly usage limit from 1,000,000 won to 500,000 won starting in October. Officials aim to optimize the economic multiplier effect and prevent high-income earners from disproportionately benefiting through large, pre-paid expenses.

Simultaneously, the city is expanding support for high-tech and job-creating enterprises. Through the ‘Incheon Growth Fund 4th’, the city is providing strategic investment to advanced companies, such as the logistics automation firm Speedfloor. Furthermore, Incheon has recognized 34 local companies as excellent job creators and high-quality manufacturing enterprises, offering them two years of incentives including R&D support, export assistance, and preferential treatment for management stability funds.

Entities

Park Chan-dae · Incheon Techno Park · Incheon Metropolitan City · SpeedFloor · Song Hyeon-seok

Timeline

  1. 15 days ago

    [BUSINESS] 2 sources
    Incheon Metropolitan City expands support for high-tech and job-creating companies

    Incheon Metropolitan City is supporting local businesses through a 1 billion KRW investment in logistics automation firm Speedfloor and providing two years of incentives to 34 companies recognized for job and R

  2. 17 days ago

    [BUSINESS] 3 sources
    Incheon considers 10% cashback and 500,000 won monthly limit for e-Eum

    Incheon Metropolitan City plans to stabilize Incheon e-Eum local currency benefits at 10% cashback with a 500,000 won monthly limit to maximize support for small businesses and prevent benefit concentration.

Sources

cunews.net · incheonilbo.com · joongboo.com · kgdm.co.kr · kyeonggi.com