Park Young-sun "Utilizing Smart Air Quality System"... On-site Inspection of COVID-19 Fund Execution

Park Young-sun, Minister of SMEs and Startups (right), is demonstrating the smart waiting system on the afternoon of the 18th during a visit to the Seoul Jungbu Center of the Small Enterprise and Market Service.

[Asia Economy Reporter Kim Daeseop] The Ministry of SMEs and Startups announced on the 18th that Minister Park Young-sun visited the Seoul Jungbu Center of the Small Enterprise and Market Service and the Myeongdong branch of the Seoul Credit Guarantee Foundation in Jung-gu, Seoul, to inspect the status of policy fund execution.

The on-site visit in the afternoon was arranged to review the fund execution status to support small business owners affected by the spread of the novel coronavirus infection (COVID-19) and to encourage the staff. She also met directly with small business owners who came to apply for funds to listen to their difficulties.

While demonstrating the smart waiting system at the Seoul Jungbu Center, Minister Park stated, "By integrating startup innovative technologies into the small business support field, we can minimize unnecessary waiting times for customers and enhance convenience." She added, "We will continue to discover good cases that can create synergy effects by connecting startup innovative technologies to the small business sector."

The smart waiting system developed by Nowbusking allows applicants to receive application document guidance without waiting by following staff instructions and registering by entering only their mobile phone number on a tablet PC provided at the center. Small business owners can check the real-time waiting status via KakaoTalk without installing a separate application. It is a service where they receive KakaoTalk messages about their waiting number status and can consult and receive certificates at the certificate issuance counter.

Park Young-sun, Minister of SMEs and Startups (right), is visiting the Seoul Jungbu Center of the Small Enterprise and Market Service on the afternoon of the 18th, engaging in conversations with small business owners applying for COVID-19 damage support funds.

Minister Park explained, "If the procedure to verify whether someone is a small business owner or not at the Small Enterprise and Market Service is linked with the National Tax Service and can be done online at banks, activation will be easier." In response, Heo Young-hoe, Deputy Director of the Small Enterprise and Market Service, said, "We will conduct a practical investigation with the National Tax Service."

Minister Park also said, "To strengthen the policy purpose of the small business management stabilization fund, we plan to focus support on small business owners with relatively low credit ratings who cannot use the primary financial sector, and induce high-credit (credit rating of grade 3 or higher) small business owners to utilize private financing."

Minister Park then visited the Myeongdong branch of the Seoul Credit Guarantee Foundation to check the status of entrusted guarantee execution. Currently, 16 regional credit guarantee foundations and 14 banks are promoting entrusted guarantees.

Minister Park emphasized, "Through entrusted guarantees, banks handle guarantee consultations and document reception, while regional credit guarantee foundations focus on guarantee screening to ensure that funds necessary for small business owners are supplied promptly. Although COVID-19 is powerful, COVID cannot defeat Korea." She also said, "If small business owners and SMEs connect and the private and public sectors join forces, the COVID-19 crisis can be sufficiently overcome."

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