"If South Korea Is to Prosper, SMEs Must Thrive"…Legislative Support Council

Small and Medium Business Legislative Support Council
Composed of 8 Members of the National Assembly

Front view of the Korea Federation of Small and Medium Business Associations

[Asia Economy Reporter Kim Daeseop] The Korea Federation of SMEs announced on the 26th that it held the 1st meeting of the 'SME Legislative Support Council.'

The SME Legislative Support Council was formed in May at the proposal of Kim Gi-moon, Chairman of the Korea Federation of SMEs, to discuss current issues in the SME sector and promote pro-SME legislative activities.

Kim Gi-moon, Chairman of the Korea Federation of SMEs, expressed gratitude for the active legislative efforts of the council members for SMEs, including Assemblyman Kim Kyung-man, who proposed the amendment to the 'Great SME Win-Win Cooperation Act' to add the Korea Federation of SMEs as a negotiator for delivery price adjustments.

Chairman Kim stated, "I ask that council members continue to take the lead in promoting key legislative tasks such as flexible working hours, rational improvement of the minimum wage system, easing environmental regulations, and relaxing inheritance tax deduction requirements for family businesses, to create an environment where SMEs can work enthusiastically."

The SME Legislative Support Council consists of eight members of the National Assembly, including Chairman Park Deok-heum of the United Future Party and Secretary Kim Kyung-man of the Democratic Party of Korea.

Chairman Park Deok-heum of the council said, "For South Korea to prosper, SMEs must prosper. Since there is no distinction between ruling and opposition parties when it comes to supporting SMEs, I will take the lead in creating a pro-SME National Assembly and an economy-reviving National Assembly."

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