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Busan Recruiting Companies for the “2025 IPO Support Program”

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The Busan Metropolitan City (Mayor Park Heong-joon) and the Busan Startup Investment Agency announced that they are now accepting applications from companies wishing to participate in the “2025 IPO Support Program” until July 2.

○ The program aims to support pre-IPO companies in Busan that possess innovation and growth potential, helping them enter the capital market and laying the groundwork for increased IPO activity in the region.

Eligible applicants are pre-IPO companies that are either in the process of or planning for an initial public offering, with their registered headquarters located in Busan.

Selected companies will receive financial support of up to KRW 40 million for IPO-related services, including due diligence, corporate valuation, and accounting consultation.

○ In addition, the program offers private securities firm consulting and educational programs to help promising Busan-based companies advance within the capital market and contribute to the revitalization of the local economy.

Companies interested in applying should complete their online application via the Busan Startup Portal (www.busanstartup.kr) by 6:00 PM on July 2.

○ A document review will be conducted between July 7 and 9, followed by an in-person evaluation on July 17 for those who pass the first round. Two final companies will be selected as beneficiaries of the program.

Nam Dong-woo, Director of Financial & Startup Policy at the City of Busan, stated,
“Until now, many Busan-based companies have struggled with the high barriers to entry for IPOs due to complex procedures and strict requirements. Through this program, we plan to actively support more local companies in successfully entering the capital market via IPO.”

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Appendix 1: Program Overview

□ Program Overview

• ●Program Name: 2025 IPO Support Program

• ●Purpose: To discover promising local companies seeking investment and support their IPO process, thereby expanding the base of listed companies and revitalizing the capital recovery market in the region

• ●Duration: From the date of agreement signing to December 31, 2025

• ●Number of Companies Selected: 2
  (Subject to change based on application volume)

• ●Eligibility:
  • Companies that meet listing requirements and are in the IPO process or planning for an IPO
  • Headquarters must be located in Busan (as stated on the business registration certificate) and maintained for 3 years
  Companies with branches only are ineligible. Companies already listed are not eligible.

□ Recruitment Period: June 11 (Wed) – July 2 (Wed), 2025, by 18:00

• ●Apply via the Busan Startup Portal (http://www.busanstartup.kr)

• ●For inquiries: Busan Startup Investment Agency, Fund Investment Team ☎ 051-715-1741

□ Application Requirements

• ●Applicants must submit both a PDF and HWP version of the application form, signed and sealed by the company representative.

• ●Once submitted, business plans cannot be revised or replaced.