2020 Cooperative Comprehensive Awards Ceremony

The Korea Federation of SMEs announced on the 21st that it held the '2020 Cooperative Comprehensive Awards' at the Federation of SMEs in Yeouido, Seoul. Photo by Korea Federation of SMEs

The Korea Federation of SMEs announced on the 21st that it held the '2020 Cooperative Comprehensive Awards' at the Federation of SMEs in Yeouido, Seoul. Photo by Korea Federation of SMEs

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[Asia Economy Reporter Kim Heeyoon] Incheon Seobu Environmental Business Cooperative was selected as the best cooperative of the year.


The Korea Federation of SMEs announced on the 21st that it held the ‘2020 Cooperative Comprehensive Awards’ at the Federation of SMEs in Yeouido, Seoul. This event honors those who have contributed to the revitalization of small and medium enterprises and cooperatives.


At this year’s event, Incheon Seobu Environmental Cooperative received the grand prize. Established in 1995, this cooperative was recognized for creating the first specialized complex with private capital in Korea and contributing to the development of resource circulation and recycling industries.


The category winners were ▲Joint Purchasing - Gyeonggi-do Concrete Industry Cooperative (Chairman Kim Sikwon), Daejeon Sejong Chungnam Yeon Food Cooperative (Chairman Kim Honggyo), Daegu Gyeongbuk Agricultural Materials Sales Cooperative (Chairman Seo Jeongdae) ▲Joint Sales - Korea Information Industry Cooperative (Chairman Han Byeongjun) ▲Jobs - Gyeonggi Incheon Machinery Industry Cooperative (Chairman Jang Gyujin) ▲Distribution & Logistics - Chungnam Cheonan Supermarket Cooperative (Chairman Byeon Inseok) ▲Social Contribution - Gwangju Jeonnam Asphalt Concrete Industry Cooperative (Chairman Im Gyeongjun) ▲Specialized Business - Korea Tank Industry Cooperative (Chairman Lee Hoseok), Yeosu Ocheon Industrial Complex Food Processing Business Cooperative (Chairman Kim Gabon).


On this day, Prime Minister Chung Sye-kyun stated in a congratulatory video, “Among the 28 tasks of the Korean New Deal, 11 areas will be supported centered on small and medium enterprises.”


Following this, Minister Park Young-sun of the Ministry of SMEs and Startups said, “To achieve sustainable growth, we will promote the protocol economy and digital economy transition,” adding, “We will spare no support for small and medium enterprises leading the construction of a smart Korea.”



Korea Federation of SMEs Chairman Kim Gi-moon said, “There is a need for government interest and policy consideration for small and medium enterprises and cooperatives, such as expanding the permissible scope of joint actions by cooperatives, applying differentiated guidance periods for the 52-hour workweek by industry, and establishing separate credit evaluation standards for SMEs affected by COVID-19,” and added, “The 6.6 million small and medium enterprises and cooperatives will also devote themselves to overcoming crises such as the spread of COVID-19 and contribute to the development of the Republic of Korea.”


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

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