<기사제목>Ministry of SMEs Reorganization... Startup Support Organization Shifts Focus from Projects to Policy

3 Department Transfers, 18 Task Adjustments, and 1 Name Change, etc.

[Asia Economy Reporter Moon Hyewon] The Ministry of SMEs and Startups announced that it will implement an internal organizational restructuring starting on the 21st to strengthen policy functions and consider the interconnectivity of departmental tasks.

This restructuring includes 3 department transfers, 18 task adjustments, and 1 name change.

First, considering that the current division of tasks within the Startup Promotion Policy Office is business-centered, making it difficult to immediately reflect the changing policy environment, the office has been reorganized into a policy field-based response system for more efficient startup task execution.

The policy field-based response system is divided into ▲Startup Policy General Division (overseeing startup policies across all ministries and preemptively responding to startup issues) ▲Technology Startup Division (promoting linkage between excellent technologies from universities and research institutes and startups) ▲Startup Promotion Division (spreading entrepreneurial spirit through startup education, managing startup incubation and systems) ▲Startup Ecosystem Formation Division (expanding collaboration between global large corporations and startups and revitalizing regional startups).

To consider task interconnectivity and strengthen overall policy coordination functions, the relevant departments and functions were also adjusted.

The Policy General Division of the SME Policy Office transferred tasks with relatively lower policy functions such as policy research projects, prestigious long-established companies, and inter-Korean economic cooperation to the Policy Evaluation Division, Job Policy Division, and International Cooperation Division, respectively, which have higher connectivity.

To detect companies in management crisis early and establish a rapid support system, and to strengthen comprehensive policy development and re-leap policy functions such as expanding private investment in re-startup companies, the Re-startup Support Division was transferred from the Global Growth Policy Office to the SME Policy Office and renamed the Re-leap Policy Division.

Additionally, the department overseeing industry-academia-research cooperation policies was transferred from the Startup Promotion Policy Office to the Technology Innovation Policy Office, and the Future Industry Strategy Team was moved from directly under the Startup Venture Innovation Office to the Venture Innovation Policy Office to better link new technology-based new business policies for venture companies and venture company development policies.

Park Young-sun, Minister of SMEs and Startups, stated, “The economic environment of the 4th Industrial Revolution era is rapidly changing, and with the acceleration of change after COVID-19, the Ministry of SMEs and Startups will strive to produce work outcomes through swift and proactive organizational management that matches the speed of external environmental changes.”

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