Jungjingong Signs Five-Party Agreement to Boost Exports of Small and Medium-Sized Businesses

JDC · KAC · K-sure · Hanguk Sogiyeop Sosang Gongin Yeonhaphoe Collaborate for Linked Support 'Handshake'

Chairman Kim Hak-do is holding the five-party business agreement for revitalizing exports of small and medium-sized merchants and taking a commemorative photo on the 16th.

[Asia Economy Reporter Kim Cheol-hyun] The Small and Medium Business Corporation (Chairman Kim Hak-do, hereinafter referred to as SBC) announced on the 16th that it signed a five-party business agreement in a non-face-to-face manner with Jeju Free International City Development Center (Chairman Moon Dae-rim), Korea Airports Corporation (President Son Chang-wan), Korea Trade Insurance Corporation (President Lee In-ho), and Korea Federation of Micro Enterprise (Chairman Park In-bok) to strengthen the export competitiveness of small and medium-sized merchants. At the signing ceremony, five people including Chairman Kim Hak-do of SBC and heads of the signing organizations attended using an online video conferencing system in accordance with the social distancing situation caused by the novel coronavirus infection (COVID-19).

The five organizations that signed the agreement agreed to actively cooperate in ▲ operating promotional stores for small and medium-sized merchants’ products within Jeju Airport ▲ supporting online and offline marketing using SNS, etc. ▲ linked support in each field such as insurance, guarantees, loans, and overseas marketing ▲ discovering and fostering excellent small and medium-sized merchants. Based on the performance of operating promotional stores for small and medium-sized merchants’ products within Jeju Airport in the future, the promotional stores will be expanded to airports nationwide. In particular, the plan is to create a model case of collaboration by combining the core competencies of public institutions in different areas and to establish a new social value creation model through this.

SBC provides linked support such as policy funds, business diagnosis, export, manpower, and startup support to small and medium-sized merchants based on its capabilities cultivated over the past 41 years centered on 32 regional headquarters and branches in six regions nationwide. Chairman Kim Hak-do of SBC said, "We expect that small and medium-sized merchants will be able to grow more efficiently through relay-type linked support by strengthening cooperation among specialized institutions in each field through this business agreement," adding, "We will do our best to provide a foundation for small and medium-sized merchants to leap forward again in these difficult times due to COVID-19."

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