Dongbanwi Re-designates Rental Work Platform Business as Suitable Industry for SMEs

Co-Chairman Kwon Ki-hong. Photo by Dongbanwi

[Asia Economy Reporter Moon Hyewon] The rental business of aerial work platforms, auxiliary devices used by workers when working at heights in factories or construction sites, has been re-designated as a small and medium-sized enterprise (SME) suitable industry.

The Win-Win Growth Committee announced on the 30th that it held the '62nd Win-Win Growth Committee' at the Palace Hotel in Seocho-gu, Seoul, and resolved this matter. As a result, the recommendation period for the aerial work platform rental business as an SME suitable industry has been extended until the end of June 2023.

Previously, the aerial work platform rental business was recommended as a suitable industry for three years (from July 1, 2017, to this day) at the 46th Win-Win Growth Committee held in July 2017.

In this re-agreement recommendation, related large corporations (AJ Networks, Hankook Rental, Lotte Rental) agreed to restrain the expansion of equipment ownership numbers within 10% annually, refrain from new entries by large corporations, and form a win-win cooperation council between large and small-medium enterprises to discuss win-win cooperation plans and mutually strive to implement the agreed matters of the suitable industry.

Also, at this meeting, the Win-Win Growth Committee decided to prepare and operate a 'Standard Agreement for Win-Win Cooperation between Large and Small-Medium Enterprises' to enhance the operation and management of win-win agreements and activate win-win cooperation. The standard agreement is part of a plan to revitalize and improve the operation system of win-win agreements, which has been centered on protecting the business areas of SMEs, into a practical win-win cooperation between large and small-medium enterprises. It was prepared to clearly define the roles of large and small-medium enterprises and the Win-Win Growth Committee in the agreement to secure the enforceability of the win-win agreement.

Chairman Kwon Ki-hong of the Win-Win Growth Committee said, “In the post-COVID era ahead, not only large and small-medium enterprises that make up the corporate ecosystem but also academia and research sectors must find and implement cooperative alternatives for the future together.”

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