Jungjingong and Korea Forest Service Sign MOU for "Establishing Smart Factories in Forestry and Wood Industry"

Lee Sang-jik, President of the Small and Medium Business Corporation (left), and Park Jong-ho, Commissioner of the Korea Forest Service, are signing a business agreement on the 13th at the Small and Medium Business Distribution Center in Yangcheon-gu, Seoul, to promote innovative growth of small and medium ventures in the forestry and wood industries.

[Asia Economy Reporter Kim Daeseop] The Small and Medium Business Corporation announced on the 13th that it has signed a "Business Agreement for Innovative Growth and Fair Economy Implementation" with the Korea Forest Service.

The signing ceremony was held at the Small and Medium Business Distribution Center located in Yangcheon-gu, Seoul. Both organizations agreed to cooperate for innovative growth, fair economy, and the creation of good jobs for small and medium venture businesses in the forestry and timber sectors.

They also plan to focus on supporting smart training and smart factory establishment funds in preparation for the 4th Industrial Revolution, strengthening policy support cooperation in finance, export, and employment, building regional cooperation networks, and establishing promotional cooperation systems.

Lee Sang-jik, Chairman of the Small and Medium Business Corporation, stated, "We will actively cooperate with the Korea Forest Service to provide linked support for education, export, and funding for small and medium venture businesses in the forestry sector, and create policy synergy effects through business promotion cooperation."

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