SBC, Fostering 'Smart Small Business Owners'... Selected 10 Core Tasks

Joo Bong-hwan, President of the Small Enterprise and Market Service

[Asia Economy Reporter Kim Daeseop] The Small Enterprise and Market Service announced on the 13th the 'Top 10 Core Tasks for Traditional Markets and Small Businesses in 2020.'

These core tasks were selected by reflecting the 2020 government economic policy direction and the Ministry of SMEs and Startups' top 10 core tasks. The plan is to provide cooperative support so that small businesses and traditional markets can respond to the rapidly changing economic environment.

The tasks are broadly divided into four categories: ▲ Cultivating smart small businesses ▲ Strengthening step-by-step growth support ▲ Enhancing support for small business re-leaps ▲ Revitalizing traditional markets. These aim to support and foster small businesses and traditional markets capable of responding to the changing distribution environment and technological advancements.

First, smart store technologies utilizing new technologies such as smart orders and smart mirrors will be disseminated to small businesses. By fostering smart small businesses that incorporate digital technologies like the Internet of Things (IoT) and Artificial Intelligence (AI), support will be provided to equip them with competitiveness and self-sustainability to respond to the Fourth Industrial Revolution era.

Additionally, to strengthen step-by-step growth support, the expansion of new business startup academies and the enhancement of education for prospective entrepreneurs will be promoted. Support for well-prepared startups among prospective small business owners will be reinforced, and innovative small businesses with high growth potential will be discovered and supported. In line with the online distribution era, support for small businesses entering the online market will be strengthened, spreading successful models through lifecycle-based support.

One-stop re-challenge support, which provides consulting, financial support, and re-education packages for small businesses that have closed or are planning to close, will also be strengthened. Special re-challenge funds will be provided to small businesses with low credit but excellent technology and growth potential to encourage their comeback.

Efforts to revitalize traditional markets will also be actively pursued. Through a commercial district renaissance, hub spaces reflecting the characteristics of commercial districts will be created to attract customers. The implementation of price display systems in traditional markets will be expanded, and transparency in the distribution of Onnuri gift certificates will be enhanced to increase customer trust. Support for young merchants will be expanded through the introduction of innovative youth malls.

Jo Bonghwan, Director of the Small Enterprise and Market Service, said, "Through reflecting voices from the field and expert opinions, we have derived urgently needed customized tasks as the top 10 innovation tasks," adding, "The Service plans to promote the accumulation of achievements in the field by discovering and sharing success cases of small businesses and traditional markets."

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