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Gov't to provide vouchers, financial aid to SMEs with Middle East exports

Published: 05 Mar. 2026, 13:30 Updated: 05 Mar. 2026, 14:59

Containers are stacked at Pyeongtaek Port in Pyeongtaek, Gyeonggi, on Mar. 1 as Korea’s exports surge on strong semiconductor shipments. [YONHAP]

Emergency export vouchers and financial aid packages will be provided to small- and medium-sized enterprises (SMEs) with exports to the Middle East starting next week to minimize the damage stemming from the ongoing regional crisis, the Ministry of Trade, Industry and Resources said Thursday.

The Korea Trade-Investment Promotion Agency (Kotra) will operate an emergency export voucher program for SMEs with Middle East exports from Wednesday to reduce the financial burden on companies facing return shipping costs and war-risk surcharges, according to the ministry.

Kotra will also expand marketing support to help Korean companies find alternative markets and buyers to mitigate risks amid ongoing U.S. and Israeli attacks against Iran.

Separately, Korea Trade Insurance will offer an emergency financial aid package to SMEs exporting to countries around the Strait of Hormuz, including the United Arab Emirates, Saudi Arabia, Iraq, Qatar and Iran.

The ministry said it will work to minimize risks for Korean companies amid heightened uncertainties in the Middle East while cooperating with relevant authorities to respond to the potential of a prolonged crisis.

Yonhap