South Korea’s Ministry of SMEs and Startups (MSS) has launched the 2026 Large–Small Business Joint Overseas Expansion Support Program, aiming to boost the global competitiveness of small and medium-sized enterprises (SMEs). With an allocation of approximately KRW 16.9 billion, the initiative is designed to help innovative SMEs overcome export barriers by partnering with large corporations that have established international networks and infrastructure.
Under the program, SMEs with strong technologies but limited overseas reach can collaborate with global firms, leveraging their distribution channels, marketing capabilities, and operational support. This partnership model enables smaller companies to enter international markets more effectively, reduce export costs, and gain access to established global networks, which were previously out of reach.
The 2026 initiative plans to support around 50 projects, with government funding covering up to 60% of project costs. Individual SMEs can receive financial assistance of up to KRW 200 million, providing crucial resources for scaling operations and improving international market access. By encouraging collaboration between large and small businesses, the program aims to enhance SME competitiveness and foster sustainable growth in export sectors.
Experts note that this strategy not only strengthens the export infrastructure for SMEs but also promotes innovation by connecting smaller enterprises with experienced multinational partners. The program’s long-term support, including new collaboration models and expanded operational guidance, is expected to create a more resilient SME ecosystem capable of competing in global markets.
As South Korea continues to focus on export-led growth, initiatives like the Large–Small Business Joint Overseas Expansion Support Program highlight the government’s commitment to supporting SMEs, encouraging innovation, and integrating domestic enterprises into the global value chain. By tapping corporate networks and providing targeted funding, South Korea aims to position its SMEs as key players in international trade while strengthening the nation’s overall economic competitiveness.
