Small and Medium Enterprises Deliver Relief Supplies Worth 300 Million Won to Flood-Affected Areas

Korea Federation of SMEs, Korea SME Love Sharing Foundation, and Home&Shopping
Support for 30 Flood-Affected Local Governments

Kim Ki-moon, President of the Korea Federation of Small and Medium Business (center), is speaking while pointing at relief supplies for heavy rain-affected areas loaded on a vehicle in front of the main gate of the Federation's headquarters in Yeouido, Seoul, on the 18th.

[Asia Economy Reporter Kim Daeseop] The small and medium-sized enterprises (SME) sector has prepared emergency disaster relief supplies worth approximately 300 million KRW to assist residents in flood-affected areas severely damaged by recent heavy rains. Relief supplies worth about 10 million KRW were delivered to each of the 30 local governments, including Anseong in Gyeonggi Province and Cheorwon in Gangwon Province, which were designated as special disaster zones.

The Korea Federation of SMEs held a 'Relief Supplies Delivery Ceremony for Heavy Rain Damage Areas' on the morning of the 18th at its headquarters in Yeouido, Seoul. About 10 representatives from the SME sector attended the ceremony, including Kim Gi-moon, Chairman of the Korea Federation of SMEs, the federation’s vice chairmen, Son In-guk, Chairman of the SME Love Sharing Foundation, and Kim Ok-chan, CEO of Home&Shopping.

The emergency relief supplies were composed based on the needs surveyed by the federation for each flood-affected area, including bottled water, rice, ramen, blankets, tents, bedding sets, fans, dehumidifiers, and tissue paper.

The SME Love Sharing Foundation and Home&Shopping each contributed 150 million KRW. As part of support measures for small business owners struggling amid the COVID-19 pandemic, the relief supplies were purchased through local supermarket cooperatives.

On the 18th, relief supply delivery vehicles for heavy rain-affected areas departed for various regions from the main gate of the Korea Federation of SMEs in Yeouido, Seoul.

Immediately after the relief supplies delivery ceremony for the heavy rain damage areas, the SME sector sent the supplies to the respective local governments in the flood-affected regions.

According to the on-site survey by the Korea Federation of SMEs, damages amounting to approximately 1.92 billion KRW have been identified from 64 SMEs so far.

Kim Gi-moon, Chairman of the Korea Federation of SMEs, stated, "We urgently delivered disaster relief supplies to offer some comfort to the people affected by the heavy rains during these difficult times of COVID-19. We sincerely hope that residents can return to their daily lives as soon as possible."

Park Young-sun, Minister of SMEs and Startups, also attended the event and expressed gratitude to the SME sector.

Minister Park Young-sun said, "We will do our utmost to ensure early recovery from flood damage through expanded special guarantees for SMEs and small business owners in special disaster zones, support for emergency management stabilization funds, operation of joint on-site support teams, repair support for damaged home appliances in traditional markets, and emergency recovery personnel support in severely affected areas."

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