Korea Federation of SMEs Launches 'Joseon Industry Committee'

[Asia Economy Reporter Kim Jong-hwa] On the 17th, the Korea Federation of SMEs launched the 'Shipbuilding Industry Committee,' an internal body to gather opinions from the shipbuilding industry, at Signiel Busan, and held its first meeting.

The inaugural chairman was Choi Geum-sik, chairman of the Busan Shipbuilding and Marine Equipment Industry Cooperative, and the committee is composed of chairmen of small and medium-sized enterprise cooperatives related to the shipbuilding industry. It will serve as a consultative body to explore measures to strengthen industrial competitiveness by reviewing current issues in the shipbuilding sector.

Fifteen people attended the launch ceremony, including Kim Ki-moon, chairman of the Korea Federation of SMEs; Choi Geum-sik, chairman of the Busan Shipbuilding and Marine Equipment Cooperative; Kim Gwi-dong, chairman of the Korea Ship Repair Cooperative; Kim Seong-tae, chairman of the Korea Small and Medium Shipbuilding Cooperative; and Na Young-woo, chairman of the Gyeongnam Shipbuilding and Marine Equipment Cooperative.

At the first Shipbuilding Industry Committee meeting, key issues discussed included △support for resolving the industry's lack of orders △improvement of the Refund Guarantee (RG) system △construction of a smart integrated logistics center to reduce the cost of shipbuilding equipment.

Kim Ki-moon, chairman of the Korea Federation of SMEs, said, "We launched the committee to fulfill the promise made at the on-site meeting on September 15 to resolve difficulties in the shipbuilding industry," adding, "We will support the Shipbuilding Industry Committee to develop into a body that leads the resolution of current issues faced by the struggling shipbuilding sector."

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