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How to Apply for a Women-Owned Business Certificate: A Complete Guide
- Writing language: Korean
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Base country: All countries
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- Economy
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Summarized by durumis AI
- A Women-Owned Business Certificate provides points in government subsidies and public procurement bids to small and medium-sized enterprises, and small businesses run by female representatives.
- Issuance is overseen by the Ministry of SMEs and Startups and involves review by the Korea Women Entrepreneurs Association. If obtained fraudulently, you may face up to 3 years in prison or a fine of 30 million won.
- The certificate can be verified on the Public Procurement Information Network, and detailed information about the application and issuance process can be found on the news channel.
The "Women's Business Certificate" for small, medium, and small businesses owned and managed by women provides bonus points for government subsidies and public procurement bids. This certificate is issued only when a woman is the representative and major investor of the company. The issuance process includes document review and site verification. This process is supervised by the Ministry of SMEs and Startups, and the Korea Women's Economic Association is responsible for the review and investigation. If it is obtained through fraudulent means, a maximum of 3 years of imprisonment or a maximum fine of 30 million won may be imposed. The certificate can be issued and confirmed through the Public Procurement Information Network after it is issued, and detailed information can be found on news channels.