Ministry of SMEs and Startups Publishes 'SoBuJang Public Report'
Discovering Hidden Champions in the SoBuJang Sector
[Asia Economy Reporter Kim Daeseop] The Ministry of SMEs and Startups announced on the 14th that it has published the 'SoBuJang National Report' through the 5th Committee for Strengthening Competitiveness of Materials, Parts, and Equipment.
This SoBuJang National Report summarizes the achievements in competitiveness enhancement and voices from the field over the past year since Japan's export regulations in a way that is easy for the public to understand. The SoBuJang National Report can be accessed on the Ministry of SMEs and Startups website.
Since Japan's export regulations in July last year, the Ministry of SMEs and Startups has been striving to discover hidden champions in the SoBuJang sector and create a win-win cooperation ecosystem for division of labor between large corporations and SMEs. The main policies focus on three key initiatives: 'SoBuJang Strong Small Enterprises 100,' 'SoBuJang Startups 100,' and 'SoBuJang Win-Win Model.'
In the case of SoBuJang Startups 100, the transparency and fairness of evaluations have been enhanced through the newly introduced 'National Evaluation Panel System' during the process of overcoming the SoBuJang crisis.
The Ministry of SMEs and Startups is also supporting practical, field-centered measures to enable SMEs in the SoBuJang sector to cooperate with large corporations and newly enter supply chains (value chains). The Large and Small Enterprises Win-Win Council, launched last year, is discovering SoBuJang win-win models that connect the demand of large corporations and the technological capabilities of SMEs, led by the private sector.
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The Ministry plans to actively support approved win-win models in research and development (R&D), finance, and market channels to foster an ecosystem of coexistence and cooperation between large and small enterprises.
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