SBC, Signs MOU for 'Small Business Digitalization Support'

Joo Bong-hwan, Chairman of the Korea SMEs and Startups Agency. Photo by Korea SMEs and Startups Agency

[Asia Economy Reporter Moon Hyewon] The Small Enterprise and Market Service (SEMAS) announced on the 7th that it signed a 'Business Agreement to Support the Smartization of Small Businesses' with Emart24 and the Korea Simple Payment Promotion Agency at the Yonsei Severance Building in Seoul.

Through this business agreement, SEMAS plans to support small business owners in responding to the non-face-to-face consumption environment and preparing for the post-COVID-19 era.

To this end, SEMAS and Emart24 will establish and provide a mutual growth fund for small business owners facing management difficulties due to COVID-19.

Additionally, as contactless payments expand due to the spread of COVID-19, they plan to jointly promote the activation of the 'Zero Pay' payment system operated by SEMAS to encourage the smartization of small business owners.

Emart24 will donate 1% of the amount paid via Zero Pay at over 4,700 Emart24 stores nationwide until July, and the Korea Simple Payment Promotion Agency will provide Zero Pay payment information, among other data.

Jo Bonghwan, Director of SEMAS, said, “I hope this agreement will serve as an opportunity for the public to naturally approach the small business smartization support project,” adding, “SEMAS will continue to cooperate so that our small business owners can build competitiveness in preparation for the post-COVID-19 era.”

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