Ministry of Trade, Industry and Energy Requests Active Participation of Related Organizations in 'Lighthouse Project' Supporting Mid-sized Companies' Challenges in New Fields

'2021 1st Mid-sized Enterprise Related Organizations Council Meeting' Held

[Sejong=Asia Economy Reporter Joo Sang-don] The government urged active participation from related organizations possessing corporate support programs in exports, research and development (R&D), and finance for the 'Lighthouse Project,' which supports medium-sized enterprises in diversifying their businesses, entering global markets, and pursuing new fields such as digital transformation.

The Ministry of Trade, Industry and Energy announced on the 26th that it held the '2021 1st Medium-sized Enterprise Related Organizations Council' chaired by Cheon Young-gil, Director of Medium-sized Enterprise Policy.

This council is a consultative body composed of nine related organizations involved in export-import, testing and certification, finance, and technology to strengthen the linkage of support projects among related organizations for medium-sized enterprises and to explore support measures such as discovering new cooperative tasks. The council was organized to listen to and discuss proposals from organizations to faithfully implement follow-up measures of the 'Innovative Small and Medium-sized Enterprise Growth Strategy' announced last November and to promote key projects in 2021 such as the new business Lighthouse Project and digital transformation.

At this meeting, the Ministry of Trade, Industry and Energy shared plans to promote the new business Lighthouse Project and digital transformation and requested cooperation from related organizations. The ministry plans to actively support the digital transformation of medium-sized enterprises by strengthening digital capabilities, fostering cooperation among companies, and raising awareness of digital transformation so that medium-sized enterprises can become the main agents of the digital innovation economy. To this end, a 'Medium-sized Enterprise Digital Innovation Center' will be established within the Korea Federation of Medium-sized Enterprises in the first half of the year.

Director Cheon said, "To closely support medium-sized enterprises struggling due to the novel coronavirus disease (COVID-19), we plan to specify the support measures discussed at this meeting and include them in the '2021 Medium-sized Enterprise Growth Promotion Implementation Plan' scheduled to be announced at the end of February."

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