Federation of Korean Industries SME Cooperation Center "Support to Resolve Management Difficulties of SME Partners"

[Asia Economy Reporter Dongwoo Lee] The Federation of Korean Industries Small and Medium Business Cooperation Center announced on the 9th that it will start the first session of the 2020 Management Doctor Program from this month to support large corporations' partner companies struggling due to the novel coronavirus infection (COVID-19).

The Management Doctor Program is one of the large and small business co-growth support programs where the Federation of Korean Industries Management Advisory Committee members visit the sites of partner SMEs for six months to help resolve specific management difficulties.

In this first session, 28 partner companies from 15 large corporations including Samsung Display, Samsung Electro-Mechanics, Hyundai Kefico, LG Innotek, POSCO Chemical, Hanwha Construction, Doosan Construction, and Hyosung Heavy Industries will participate.

The number of participating companies has nearly doubled compared to last year (19 companies last year). Among the participating partner companies, the machinery and metal sectors are the most common, followed by construction and electrical/electronic sectors. The desired advisory fields are in order: management strategy formulation, technology/production/quality control, personnel/labor management, finance/accounting, and market development.

Park Cheolhan, head of the Federation of Korean Industries Small and Medium Business Cooperation Center, said, "In the difficult management environment caused by COVID-19, SMEs will face challenges unless they have crisis overcoming plans and efforts for management innovation," adding, "We hope that through the Management Doctor Program, SMEs will overcome the crisis and lay the foundation to create new opportunities."

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