SME Industry Calls for "Win-Win and Fair Economy Establishment"... Election Tasks Delivered to the United Future Party

Kim Ki-moon, President of the Korea Federation of Small and Medium Business (right), is taking a commemorative photo while handing over the '21st General Election SME Policy Tasks' to Hwang Kyo-ahn, the leader of the United Future Party, who visited the headquarters in Yeouido, Seoul on the 30th.

[Asia Economy Reporter Kim Daeseop] On the 30th, the small and medium-sized enterprises (SMEs) sector delivered the 21st general election policy agenda, including coexistence between large and small businesses and the establishment of a fair economy, to Hwang Kyo-ahn, the leader of the United Future Party. They requested that the National Assembly become a genuine 'SME National Assembly' that creates good policies that SMEs can relate to.

Fourteen SME organizations, including the Korea Federation of SMEs and the Korea Association of Management Innovation SMEs, held the '21st General Election Policy Agenda Delivery Ceremony and Meeting' at the Korea Federation of SMEs in Yeouido, Seoul.

The SME sector explained policy tasks in seven areas: ▲ Establishing a foundation for securing future growth engines ▲ Coexistence between large and small businesses and establishment of a fair economy ▲ Creating an ecosystem for the sustainable growth of SMEs ▲ Revitalization of SME cooperatives ▲ Enhancing the vitality of small business owners for the recovery of the grassroots economy ▲ Creating an environment for more and better jobs ▲ Strengthening support for entering new markets beyond domestic demand.

About 20 people from the SME sector attended, including Kim Ki-moon, chairman of the Korea Federation of SMEs; Seok Yong-chan, chairman of the Korea Association of Management Innovation SMEs; Kang Seung-gu, chairman of the Korea Federation of SME Convergence; and Seo Byung-moon, chairman of the Korea Foundry Industry Cooperative. From the United Future Party, key party officials including party leader Hwang Kyo-ahn and Jeong Yoo-seop, chairman of the SME Committee, attended.

Seok Yong-chan, chairman of the Korea Association of Management Innovation SMEs, emphasized, "The Act on Promotion of Management Innovation for SMEs must be enacted." Kang Seung-gu, chairman of the Korea Federation of SME Convergence, explained, "It is important to expand opportunities for global networks and support overseas market entry."

Bae Jo-ung, chairman of the Korea Ready-Mixed Concrete Industry Cooperative Federation, requested, "SME cooperatives should be allowed to participate in SME support systems. Institutional barriers that hinder voluntary collaboration among SMEs must also be improved." Lee Ui-hyun, chairman of the Korea Metal Industry Cooperative, emphasized, "Sanctions on unfair trade practices to eradicate technology theft must be strengthened."

The SME sector particularly proposed that ▲ coexistence between large and small businesses and establishment of a fair economy ▲ activation of SME cooperatives including recognition of SME status ▲ improvement of environmental regulations such as the Chemical Substances Control Act and the Chemical Control Act must be resolved in the 21st National Assembly.

Kim Ki-moon, chairman of the Korea Federation of SMEs, said, "Despite the difficult domestic and international economic environment compounded by the economic downturn and the novel coronavirus infection, we compiled 261 vivid field voices of SMEs continuing their management into an election agenda book," adding, "We hope that this general election will result in a genuine 'SME National Assembly' that creates good policies that SMEs can relate to, to support SMEs, which are the foundation of our country's economy."

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