Korea Federation of SMEs Holds Regular Meeting with Regional Chairpersons and Headquarters Directors

Kim Ki-moon, Chairman of the Korea Federation of SMEs (center in the first row in the photo), along with chairmen of 13 regional SME associations, attended the 2020 Regular Meeting of Regional SME Chairmen and Regional Headquarters Directors held on the 18th at the Korea Federation of SMEs in Yeongdeungpo-gu, Seoul, and took a commemorative photo. Photo by Korea Federation of SMEs

[Asia Economy Reporter Moon Hyewon]The Korea Federation of SMEs announced on the 19th that it held the 2020 Regional SME Chairpersons and Regional Headquarters Directors Regular Meeting.

The meeting held on the 18th at the Korea Federation of SMEs in Yeongdeungpo-gu, Seoul, was attended by 13 regional SME chairpersons, including Park Seunggyun, Chairman of the Regional SME Chairpersons Council, and 25 regional headquarters directors.

The attendees discussed institutional improvements to revitalize the stagnant SME cooperatives and regional pending issues.

They shared the revised contents of the Framework Act on Small and Medium Enterprises, which recognizes the status of SME cooperatives as small and medium enterprises, allowing them to participate in government SME support policies.

They also explored ways to further expand the enactment of local government ordinances to revitalize regional SME cooperatives, focusing on basic local governments.

Excellent cases were also shared to enable benchmarking between regions for resolving regional SME and cooperative issues.

Kim Gi-moon, Chairman of the Korea Federation of SMEs, said, “Through the revision of related laws such as the Framework Act on Small and Medium Enterprises, a foundation has been established for cooperatives to utilize various government support policies such as R&D, manpower, and finance,” adding, “This will greatly help SME cooperatives to evolve beyond representing rights and interests to becoming entities that carry out substantial collaborative projects.”

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