Kim Ki-moon "Focusing All Efforts for the Rebound of Small and Medium Enterprises"

Korea Federation of SMEs Holds New Year's Meeting for Small and Medium Entrepreneurs

[Asia Economy Reporter Moon Hyewon] The Korea Federation of Small and Medium Business (KSMB) held the 2020 New Year's Greeting Meeting for Small and Medium Business Owners on the 6th, inviting over 700 key figures from various sectors including representatives of small and medium enterprises nationwide and by industry, related organizations, government, and the National Assembly.

The event, held in the KSMB Grand Hall in the afternoon, was attended by Prime Minister Lee Nak-yeon, Deputy Prime Minister and Minister of Economy and Finance Hong Nam-ki, Minister of SMEs and Startups Park Young-sun, Minister of Science and ICT Choi Ki-young, Minister of Trade, Industry and Energy Sung Yun-mo, Minister of Employment and Labor Lee Jae-gap, Minister of Gender Equality and Family Lee Jung-ok, Chairman of the Fair Trade Commission Cho Sung-wook, and Presidential Chief of Staff Kim Sang-jo, among others.

From the National Assembly, representatives included Lee Hae-chan, leader of the Democratic Party of Korea; Hwang Kyo-ahn, leader of the Liberty Korea Party; Sohn Hak-kyu, leader of the Bareunmirae Party; Sim Sang-jung, leader of the Justice Party; Shim Jae-chul, floor leader of the Liberty Korea Party; Cho Bae-sook, floor leader of the Party for Democracy and Peace; and Lee Jong-gu, chairman of the National Assembly’s Industry, Trade, Energy, Small and Medium Enterprises Committee.

In the economic sector, attendees included Kim Ki-moon, chairman of the KSMB; Sohn Kyung-shik, chairman of the Korea Employers Federation; Kim Young-joo, chairman of the Korea International Trade Association; as well as heads of related institutions, leaders of small and medium business organizations, and representatives of small and medium enterprises by industry.

In his greeting, KSMB Chairman Kim Ki-moon emphasized, “This year again, many changes and uncertainties will put our economy to the test,” and stressed that “to overcome this, it is necessary to ▲promote win-win cooperation between large and small businesses ▲revitalize cooperatives, which are the foundation of traditional manufacturing ▲and accelerate improvements in the business environment.”

He continued, “Small and medium business owners chose the four-character idiom 'Amjungmoseok (暗中摸索),' meaning ‘groping in the dark’ to describe their outlook for this year,” and said, “We will focus all our capabilities to help small and medium enterprises overcome the uncertain business environment and achieve a new leap forward.”

This content was produced with the assistance of AI translation services.