Single-Woman Enterprises Can Now Obtain Certificates Without On-Site Inspections

Ministry of SMEs and Startups Revises Notification to Simplify Verification Procedures for Women-Owned Businesses

On the 1st, Park Young-sun, Minister of SMEs and Startups, is participating in a commemorative ceremony with officials at the Women's Venture Entrepreneurs Day event held at the Crystal Ballroom of Lotte Hotel Seoul. Photo by Asia Economy DB

[Asia Economy Reporter Kim Heeyoon] Starting February next year, single-woman enterprises will be able to receive confirmation certificates through document-based investigations without on-site inspections.

The Ministry of SMEs and Startups announced on the 27th that it plans to revise the notification to simplify the procedure for obtaining confirmation of women-owned businesses to support public procurement and other initiatives.

Currently, confirmation certificates for women-owned businesses are issued after verifying actual management through on-site inspections and interviews with the representatives. Even for single-woman enterprises with less need for on-site verification and reapplying companies whose certificate validity has expired, the same procedure was applied without exception.

This revision includes ▲abolishing on-site investigations for single-person and reapplying companies and replacing them with document-based investigations ▲establishing regulations for non-face-to-face investigations ▲stipulating legal grounds for post-management ▲and reflecting provisions such as cancellation of confirmation for non-compliance with management.

Park Young-sun, Minister of SMEs and Startups, said, “I hope the improved procedure of the women-owned business confirmation system, which receives more than 20,000 applications annually, will be helpful to women entrepreneurs,” adding, “We will strengthen efforts to listen carefully to the voices of women entrepreneurs and improve unreasonable systems.”

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