Formation of the 'Small and Medium Enterprise Legislative Support Council' in the National Assembly by Former SME Professionals

Kim Ki-moon, President of the Korea Federation of Small and Medium Business (fourth from the left), and Park Young-sun, Minister of SMEs and Startups (fifth from the left), are holding a meeting and taking a commemorative photo on the evening of the 13th at a Korean restaurant in Yeouido, Seoul, inviting newly elected members of the National Assembly from the small and medium business sector.

[Asia Economy Reporter Kim Daeseop] The Korea Federation of SMEs announced on the 14th that it will form the 'SME Legislative Support Council' together with eight newly elected lawmakers from both ruling and opposition parties who have backgrounds in the SME sector.

The formation of this SME Legislative Support Council was proposed on the spot by Kim Gi-moon, Chairman of the Korea Federation of SMEs, during a meeting held the previous day at a Korean restaurant in Yeouido, Seoul, where newly elected lawmakers from the SME sector were invited. The lawmakers readily accepted the proposal, leading to the establishment of the council.

The eight lawmakers participating in the SME Legislative Support Council all come from the SME sector. Four are from the ruling party (Kim Gyo-heung, Lee Sang-jik, Kim Kyung-man, Lee Dong-joo) and four from the opposition party (Park Deok-heum, Han Mu-gyeong, Choi Seung-jae, Lee Young).

The SME Legislative Support Council will serve as a communication channel to share major issues between the SME sector and the National Assembly and to discuss legislative and policy tasks that can improve the business environment for SMEs. The chairperson will be Park Deok-heum, a three-term lawmaker from the Future United Party, who is the most senior member among the participants. The secretary will be Kim Kyung-man, a newly elected member of the Democratic Party of Citizens and former head of the Economic Policy Headquarters at the Korea Federation of SMEs.

Kim Gi-moon, Chairman of the Korea Federation of SMEs, said, "With many individuals from the SME sector entering the 21st National Assembly, the expectations of the SME community are higher than ever before. We hope that the formation of the SME Legislative Support Council will establish a communication channel between the SME sector and the National Assembly, strengthen pro-SME legislative policies, and lead to a virtuous cycle of enhanced economic vitality and job creation."

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