Assemblyman Song Gap-seok: "Gwangju Small and Medium Enterprise Policy Fund Support Ranks Lowest for 5 Consecutive Years"

[Asia Economy Honam Reporting Headquarters Reporter Yoon Jamin] It has been revealed that the support rate for the 'Small and Medium Enterprise (SME) Policy Funds' provided to SMEs in the Gwangju region, aimed at job creation and securing innovation growth engines, has ranked among the lowest for five consecutive years.

On the 19th, Song Gap-seok, a member of the National Assembly (Democratic Party of Korea, Gwangju Seo-gu Gap), analyzed the 'Recent 5-Year Regional Policy Fund Support Status' submitted by the Small and Medium Business Corporation (hereafter, SBC). The analysis showed that from 2015 to August of this year, the amount of policy funds supported in Gwangju was only 868.2 billion KRW, accounting for just 3.3% of the total 26.1029 trillion KRW.

The annual proportion of SME policy fund support in Gwangju was 3.3% in 2015, 3.6% in 2016, 3.3% in 2017, 3.2% in 2018, and 3.4% in 2019, remaining in the 3% range for five consecutive years.

Assemblyman Song stated, “The concentration of policy funds in the metropolitan area is neglecting regional balanced development and growth opportunities for SMEs,” and added, “To achieve national balanced development and revitalize the regional economy, it is necessary to carefully review SME policies tailored to key industries in each region and establish customized policy fund support plans.”

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