KB Financial Group said on April 12 it selected 50 safety-technology suppliers for a small business industrial safety support programme run with the Korea SMEs and Startups Agency. The programme is designed to give suppliers opportunities for technology verification and business expansion, while helping demand companies improve working conditions and strengthen safety capabilities. The partners will provide 3.3 billion won and apply a performance-based support model.

The Korea Display Industry Association shared financial support measures for the sector to respond to supply chain instability stemming from the Middle East. It held a briefing in Seoul attended by more than 100 panel and materials, parts and equipment companies. Agenda items included the Supply Chain Stabilisation Fund, the National Growth Fund to be launched this year, export insurance and credit guarantees, and advance review of tax credits. The association also set up a supply chain response centre.