The Ministry of SMEs and Startups will expand the 'Jump-Up Program' into a three-tiered support system starting next year. The goal is to nurture 1,500 national representative growth companies by 2030.
On October 15, at the semiconductor materials company 'LK Chem' in Cheonan, South Chungcheong Province, Minister Lee So-young held a field meeting to announce the '2027 Jump-Up Program Reform Plan.'
Next year's Jump-Up support budget will increase nearly threefold from 59.5 billion won to 164.2 billion won, and the number of newly selected companies will rise from 100 to 220. Support for regional companies has also been enhanced, with vouchers providing up to 30% additional support for non-metropolitan firms.
The existing single track will be restructured into three tiers: Jump-Up 100 (for companies with sales over 10 billion won, focusing on strengthening management), Jump-Up 500 (for companies with sales over 50 billion won, targeting new business and market entry), and Jump-Up 1000 (for companies with sales over 100 billion won, aimed at global expansion).
To address obstacles in the growth process, the ministry plans to link support policies in five key areas: research and development (R&D), artificial intelligence transformation (AX), talent acquisition, financial support, and regulatory improvement.
A significant advantage of the 'Jump-Up Program' is its collaboration with global consulting firms such as Boston Consulting Group (BCG), Samjong KPMG, EY Han Young, and PwC.
Shin Gi-jin, Executive Director of Samjong KPMG, who participated as a 'strategic supporter' in the first and second phases, noted at the meeting, "We participated in a Singapore exhibition with three Jump-Up companies, and the world's top investment firms showed interest in all 100 companies. We need to actively promote this opportunity for overseas investment expansion."
Minister Lee So-young stated, "We will strengthen the growth ladder for small and medium-sized enterprises, which play a crucial role as regional growth engines, to help them transition to mid-sized companies. We will also work closely with relevant ministries to quickly resolve issues raised in the areas of R&D, overseas expansion, and regulations, ensuring that Jump-Up participating companies can continue to grow while proving their technological capabilities on the global stage."
On October 15, at the semiconductor materials company 'LK Chem' in Cheonan, South Chungcheong Province, Minister Lee So-young held a field meeting to announce the '2027 Jump-Up Program Reform Plan.'
Next year's Jump-Up support budget will increase nearly threefold from 59.5 billion won to 164.2 billion won, and the number of newly selected companies will rise from 100 to 220. Support for regional companies has also been enhanced, with vouchers providing up to 30% additional support for non-metropolitan firms.
The existing single track will be restructured into three tiers: Jump-Up 100 (for companies with sales over 10 billion won, focusing on strengthening management), Jump-Up 500 (for companies with sales over 50 billion won, targeting new business and market entry), and Jump-Up 1000 (for companies with sales over 100 billion won, aimed at global expansion).
To address obstacles in the growth process, the ministry plans to link support policies in five key areas: research and development (R&D), artificial intelligence transformation (AX), talent acquisition, financial support, and regulatory improvement.
A significant advantage of the 'Jump-Up Program' is its collaboration with global consulting firms such as Boston Consulting Group (BCG), Samjong KPMG, EY Han Young, and PwC.
Shin Gi-jin, Executive Director of Samjong KPMG, who participated as a 'strategic supporter' in the first and second phases, noted at the meeting, "We participated in a Singapore exhibition with three Jump-Up companies, and the world's top investment firms showed interest in all 100 companies. We need to actively promote this opportunity for overseas investment expansion."
Minister Lee So-young stated, "We will strengthen the growth ladder for small and medium-sized enterprises, which play a crucial role as regional growth engines, to help them transition to mid-sized companies. We will also work closely with relevant ministries to quickly resolve issues raised in the areas of R&D, overseas expansion, and regulations, ensuring that Jump-Up participating companies can continue to grow while proving their technological capabilities on the global stage."
* This article has been translated by AI.
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