KRC Supports Small Businesses to Overcome COVID-19 Challenges

Kim In-sik, President of Korea Rural Community Corporation (right), is taking a commemorative photo with Cho Bong-hwan, Chairman of the Small Enterprise and Market Service (left), after signing a business agreement for regional development and social value creation at the boardroom of the Naju headquarters on the 11th.

[Sejong=Asia Economy Reporter Kim Hyunjung] Korea Rural Community Corporation signed a business agreement with the Small Enterprise and Market Service at its headquarters' boardroom in Naju on the 11th to promote regional development and create social value, and will begin supporting small business owners by utilizing the corporation's organization and expertise.

The two organizations agreed to cooperate on sustainable activities and related projects to revitalize traditional markets, secure social safety nets for small business owners, and assist those who have closed their businesses in restarting, aiming for mutual growth with rural communities. Following this agreement, the corporation plans to carry out various activities nationwide by leveraging its network of 9 regional headquarters, 93 branches, and 8 business units, along with its expertise in the agricultural sector.

Specifically, to revitalize traditional markets, they will continuously conduct multifaceted activities such as ▲shopping at traditional markets ▲traditional market food tours ▲social contribution activities ▲distributing masks to market visitors. Additionally, to support the restart of small business owners who have closed their businesses, support programs providing opportunities for career exploration in the agricultural sector have been planned since 2021.

Previously, the corporation allocated 1 billion KRW from employees' performance bonuses as local love gift certificates and Onnuri gift certificates, and by reducing labor union activity expenses, purchased 300 million KRW worth of local agricultural product gift certificates, making efforts to revive the local economy affected by COVID-19.

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