Park Won-soon Visits Korea Federation of SMEs... Meeting on 'Economic Vitality Recovery'

Kim Ki-moon, President of the Korea Federation of Small and Medium Business (right), and Park Won-soon, Mayor of Seoul, are attending an emergency meeting related to COVID-19 held at the Korea Federation of Small and Medium Business in Yeouido, Seoul, on the 2nd, engaging in conversation.

[Asia Economy Reporter Kim Daeseop] The Korea Federation of Small and Medium Business (KSMB) announced on the 2nd that it held an emergency meeting with Seoul Mayor Park Won-soon to curb the spread of the novel coronavirus infection (COVID-19) and restore economic vitality.

The meeting was held at the KSMB headquarters in Yeouido, Seoul. Both organizations agreed that the damage to small business owners and small and medium enterprises (SMEs) is becoming severe due to the COVID-19 situation.

They decided to closely cooperate not only to overcome the current crisis but also to revitalize domestic demand and restore economic vitality in the future.

Mayor Park Won-soon requested active cooperation from SMEs in social distancing measures such as staggered commuting hours and telecommuting.

In response, KSMB Chairman Kim Ki-moon emphasized, "SMEs will take the lead more than anyone else in overcoming this national crisis," adding, "Along with cooperation, bold and strong economic recovery policies must be urgently implemented as the management difficulties faced by SMEs due to the COVID-19 situation are severe."

Chairman Kim also stated, "It would be desirable to implement bold purchasing policies for SME products, such as the 'Small Amount Private Contract Recommendation System,' to ensure money circulates among small businesses and small business owners. Additionally, a joint hosting of the '(tentative name) Seoul Festival' to restore economic vitality is also possible."

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