The Third Week of November is 'Mid-sized Enterprise Week'... Responding to GVC with a 'Hangari-shaped Economy'

Encouragement Day on the 18th... 'Junggyeon Entrepreneurs' Day', 'Entrepreneurship Forum'
Innovation Day on the 19th... 'Junggyeon Enterprise Innovation International Conference'
Collaboration Day on the 20th... 'Junggyeon Enterprise-Startup Digital Transformation Win-Win Lounge' Held

A scene from the mid-sized company job fair. (Photo by Asia Economy DB)

[Asia Economy Reporter Moon Chaeseok] The Ministry of Trade, Industry and Energy and the Korea Federation of Medium-sized Enterprises announced on the 15th that they will hold the '2020 Medium-sized Enterprises Week' from the 16th to the 20th. They aim to find response strategies for our medium-sized enterprises regarding changes in the global value chain (GVC) of materials, parts, and equipment.

Last year, the 'Medium-sized Enterprises Act' was amended to legally designate the third week of November as 'Medium-sized Enterprises Week.' This year, they plan to create a 'space for encouragement, innovation, and cooperation.'

First, in the 'space for encouragement,' the 6th Medium-sized Enterprises Day ceremony will be held on the 18th.

The ceremony is expected to be attended by Prime Minister Chung Sye-kyun, Deputy Minister Park Jin-gyu of the Ministry of Trade, Industry and Energy, Chairman Kang Ho-gap of the Korea Federation of Medium-sized Enterprises, and CEOs of medium-sized enterprises.

Awards will be given to outstanding medium-sized enterprises in innovation growth, job creation, and win-win cooperation, and growth towers will be awarded to companies newly grown into medium-sized enterprises this year.

The government will urge medium-sized enterprises, the main actors in overcoming the COVID-19 crisis and the Korean New Deal.

In the 'space for innovation,' the 'Medium-sized Enterprises Entrepreneurship Forum' will be held on the 18th, and the '2020 Medium-sized Enterprises Innovation International Conference' on the 19th.

As the second part of the Medium-sized Enterprises Day ceremony, the 'Medium-sized Enterprises Entrepreneurship Forum' will present cases of excellent companies in digital transformation, solidarity, and cooperation.

The conference will be attended online and offline by domestic and international experts and CEOs of medium-sized enterprises. Under the theme of 'Reorganization of the Materials, Parts, and Equipment GVC and Our Medium-sized Enterprises' Response Strategy,' it will seek survival strategies for our medium-sized enterprises.

On that day, a business cooperation agreement signing ceremony with advanced countries in materials, parts, and equipment (Korea Institute for Advancement of Technology - RWTH Aachen University Startup Center) and an online B2B consultation meeting (Germany, Russia, Israel) will also be held.

In the 'space for cooperation,' the 'Medium-sized Enterprises-Startup Digital Transformation Win-win Lounge' will be held on the 20th.

The win-win lounge will be attended by next-generation leaders of medium-sized enterprises, startup representatives, digital transformation experts, and investment institution officials, who will sign business cooperation agreements among related organizations.

Minister of Trade, Industry and Energy Sung Yun-mo urged, "I hope medium-sized enterprises will take the lead in turning the global COVID-19 crisis into an opportunity based on challenging entrepreneurship and bold innovation, leading the success of the Korean New Deal and the leap forward of the Korean economy."

Minister Sung added, "Based on the 'Innovation-type Small and Medium-sized Enterprises Growth Strategy' announced on the 12th, the government will fully support accelerating corporate growth to timely respond to the great transformation and realize a 'jar-shaped economy' with a strong middle class."

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