Ministry of SMEs and Startups' 'Caring Company' 1 Year... Business Activities 'Achievements'

Performance Sharing Event Held at Naver Partnersquare Hongdae Branch

[Asia Economy Reporter Kim Cheol-hyun] The Ministry of SMEs and Startups (Minister Park Young-sun, hereinafter referred to as the Ministry) announced on the 16th that it held an event commemorating the 1st anniversary of the 'Jasanghan Company' project at Naver Partners Square Hongdae branch. Jasanghan Company refers to companies that voluntarily engage in win-win cooperation by sharing the technology and infrastructure possessed by large corporations with small and medium-sized enterprises (SMEs) and small business owners. So far, 14 companies including large corporations, financial institutions, public institutions, and foreign companies have been selected and participated.

At the meeting held that day, the win-win cooperation achievements of Jasanghan Companies such as Naver were announced. Naver supported small business owners' online entry through Partners Square and provided the 'Neighborhood Market Shopping Service' to 1,367 stores in 237 markets. Shinhan Financial Group invested 68 billion KRW by June in a venture fund project worth a total of 1 trillion KRW and is currently raising 775 billion KRW, and is also providing financial support to companies affected by the novel coronavirus disease (COVID-19). Samsung Electronics supported the smart factory advancement of mask manufacturers and diagnostic kit companies, achieving increased production volume. Korea Aerospace Industries completed smart joint commercialization for aerospace parts SMEs and provided emergency management stabilization funds to aerospace parts small partner companies. The foreign company Arm discovered promising system semiconductor companies and provided technical support such as design packages, online education, and mentoring.

Minister Park Young-sun personally appeared on the Naver live commerce broadcast for small business owners held that day. The company conducting the live commerce is a business that revived by utilizing real-time broadcast sales amid management difficulties caused by COVID-19. This company, whose daily average sales had fallen to around 1 million KRW due to COVID-19, achieved sales of 16 million KRW through the live commerce broadcast. Minister Park said, "I felt the power of coexistence at the Korea Together Sale, which involved various economic actors such as large and small-medium enterprises and small business owners as well as the public, and at the center of this coexistence is the Jasanghan Company," adding, "In the non-face-to-face and online era, government policy efforts are important, but private sector activities including Jasanghan Companies are more important."

Han Seong-sook, CEO of Naver, said, "In a situation where non-face-to-face economic activities are rapidly expanding, we will spare no effort to provide various digital technology supports to help small business owners overcome inevitable regional limitations and difficulties in online startups."

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