Selected as an Excellent Institution in 2020

Panorama of the Small and Medium Business Corporation

Panorama of the Small and Medium Business Corporation

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[Asia Economy Reporter Kim Daeseop] The Small and Medium Business Corporation announced on the 19th that it was selected as an excellent institution for the priority purchase of products made by persons with severe disabilities in 2020 and received the Minister’s Award from the Ministry of Health and Welfare.


Last year, the Corporation achieved a mandatory purchase rate of 9.6% for products made by persons with severe disabilities, which is more than nine times the target rate of 1% compared to the total amount of goods and services purchased by public institutions. This ranks second among 93 quasi-governmental institutions in terms of priority purchase rate. The Corporation spent 2.528 billion KRW on purchasing products made by persons with severe disabilities.


The Ministry of Health and Welfare has been awarding commendations to public institutions or individuals who actively participate in purchasing goods produced at facilities for persons with severe disabilities, as stipulated by the Special Act on the Priority Purchase of Products Made by Persons with Severe Disabilities. Products made by persons with severe disabilities are goods or services produced at vocational rehabilitation facilities that employ persons with severe disabilities.


Kim Hakdo, Chairman of the Small and Medium Business Corporation, said, "We are making company-wide efforts to help expand stable employment and vocational rehabilitation for persons with severe disabilities, who are socially relatively disadvantaged. We will continue to do our best to fulfill our social responsibilities as a public institution."





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