Korea Federation of SMEs and Ministry of SMEs and Startups Host '2020 Korea Small Business Entrepreneurs Conference'

Unitechno CEO Lee Jwayoung and Samwon FA CEO Hong Wonpyo Awarded Gold Tower Order of Industrial Service Merit

[Image source=Yonhap News]

[Asia Economy Reporter Kim Heeyoon] The Ministry of SMEs and Startups and the Korea Federation of SMEs held the ‘2020 Korea Small and Medium Businesspersons Convention’ on the 4th at the Grand Hall of the Korea Federation of SMEs in Yeouido, Seoul.

The Small and Medium Businesspersons Convention is an event where small and medium businesspersons reflect on their achievements, boost their pride, and encourage each other through awards for outstanding contributions to SMEs. It was first held in 1990 and marked its 31st anniversary this year. The slogan for this year’s convention was set as ‘Overcoming COVID-19 through the Cooperation of SMEs’ to convey a hopeful message about the future of the Korean economy by overcoming the difficulties of COVID-19 with the resilience of SMEs.

At the awards ceremony, a total of 91 SMEs were honored, including Lee Jwayoung, CEO of Unitecno, and Hong Wonpyo, CEO of Samwon FA, who received the Gold Tower Industrial Medal. This year’s awardees were selected mainly from companies that made significant contributions to national economic development through technology development and export expansion.

Unitecno, a specialized manufacturer of automotive plastic parts, was recognized for its contribution to the development of the domestic automotive parts industry through continuous technology development, facility investment, and quality improvement, as well as achieving export performance of 90 million dollars, contributing to the national economy.

Samwon FA, a company specializing in industrial automatic control systems, was honored for its contribution to enhancing national competitiveness by localizing automation equipment to establish the foundation for factory automation in Korea and entering the field of traffic information and communication technology (ICT), securing growth engines for the Fourth Industrial Revolution.

Kim Kimoon, chairman of the Korea Federation of SMEs, said, “As the COVID-19 situation enters a prolonged phase, it is important to respond economically in harmony with quarantine measures,” adding, “We will revive the spark of economic recovery through job creation and investment expansion and fulfill the role of SMEs in overcoming COVID-19.”

Park Youngsun, Minister of SMEs and Startups, expressed gratitude for the efforts of small and medium businesspersons in job creation and economic revitalization despite the COVID-19 crisis, stating, “We will do our best to digitalize our SMEs by establishing a foundation for SMEs and small business owners to leap into the digital economy, preparing for the post-COVID-19 era through AI and manufacturing data innovation, fostering non-face-to-face SMEs and startups, and promoting the digitalization of small business owners.”

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