Baeknyeon Gage (Century-Old Store) Designation Application

Procedure

Procedure

1. 01

   Confirming the start date of business history: Calculate whether 30 years have passed from the business start date in the business registration for individuals, or from the corporate registration date for corporations. When an individual business converted to a corporation, history is counted from the individual start date if the main business type is the same, the main production facilities were contributed in kind and the corporation took over all related liabilities.

2. 02

   Checking business type continuity and suspensions: Check that the same business type at the subclass level of the Korean Standard Industrial Classification has been kept as the main business, and if another business type was added, that its sales are under 50% of total sales. Suspensions other than those due to unavoidable causes such as natural disasters or infectious diseases break continuity, so check the history with suspension and closure certificates.

3. 03

   Organizing succession records: For a store inherited from parents, show the timing of the change of representative, the circumstances of succession and the family relationship in continuous documents. The key point is whether business registration and the main business type continued without a break through the change of representative, so organize this together with the business registration history.

4. 04

   Preparing the application and evaluation materials: Attach sales and full-time employee status documents to the century-old small business designation application, and organize with photos, according to the evaluation items, the originality, marketability and reliability of products or services, technology held, intellectual property, recognition, and records of long-term employment, employment of vulnerable groups and community contribution.

5. 05

   Applying during the announcement period and after designation: Apply during the Ministry of SMEs and Startups announcement period and receive the century-old small business designation certificate after evaluation. The designation is valid for 5 years, only designated stores may display the century-old small business mark, and support programs after designation are applied for separately with the designation certificate and a business plan.

Filing route

Filing route

Deadlines & processing notes

Deadlines & processing notes

Basic documents

Basic documents

Business history is recognized only if it continues without a break in the documents, so if the store closed and reopened or changed its main business type along the way, check the business registration history before applying.