Prime Minister Jeong: "Economy Should Become a 'Hangari-type Economy' Centered on SMEs and Mid-sized Companies"
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[Asia Economy Reporter Lim Chun-han] On the afternoon of the 9th, Prime Minister Chung Sye-kyun hosted the 11th Thursday Dialogue at the Prime Minister's Official Residence in Samcheong-dong, Seoul, inviting mid-sized and small but strong business owners and related experts.
Prime Minister Chung said, "COVID-19 (Novel Coronavirus Infectious Disease) demands a new paradigm for economic structural transformation in various fields," adding, "A 'jar-shaped economy' with a strong middle, centered on small and mid-sized enterprises, is the solution."
Prime Minister Chung and the attendees discussed ways to overcome the stagnation of growth and innovation caused by polarization between large corporations and small businesses.
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Lee Hong, president of the Mid-sized Enterprise Association and professor at Kwangwoon University, stated, "Support systems focused on small businesses are hindering growth into mid-sized enterprises," emphasizing the need for improvements in finance, taxation, and research and development systems.
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