SBC Supports Small Business Recovery Through 'Shared Kitchen Incubating Project'

File photo. [Photo by Asia Economy DB]

[Asia Economy Reporter Junhyung Lee] The Small Enterprise and Market Service (SEMAS) is helping small business owners to bounce back through the "Shared Kitchen Incubating Project."

On the 12th, SEMAS announced that it is recruiting lead organizations to promote the Shared Kitchen Incubating Project. This project is part of the Hope Return Package, and the application period is until the 19th of this month.

The Hope Return Package supports small business owners who have closed or are planning to close their businesses due to deteriorating business conditions to quickly wrap up their operations and restart by finding employment or starting a new business. SEMAS has revamped the support contents to flexibly respond to the rapidly changing economic environment, including the decline in offline consumption due to COVID-19 and the shift to non-face-to-face and digital transformation.

To become a lead organization for this project, an entity must be designated under the regulatory sandbox demonstration exemption, have the necessary facilities, and be able to support brand development, commercialization, and marketing. Additionally, the organization must be capable of providing expert advisory services such as food hygiene education, cost management, and customer service.

SEMAS will select about four lead organizations this year. After reviewing business reports submitted based on the demonstration exemption and conducting document screening, the lead organizations will be finally selected. The selected shared kitchens will operate the incubating project and provide necessary support for commercialization to small business owners aiming to restart their businesses until December this year.

To become a lead organization for this project, an entity must be designated under the regulatory sandbox demonstration exemption, have the necessary facilities, and be able to support brand development, commercialization, and marketing. Additionally, the organization must be capable of providing expert advisory services such as food hygiene education, cost management, and customer service.

Starting this year, SEMAS plans to establish a practical foundation for business recovery by supporting commercialization for prepared re-entrepreneurs. Shared kitchens will also be actively utilized to address the social cost issues caused by inefficient restaurant startups.

Meanwhile, a shared kitchen is a space where multiple users can share a large kitchen. It reduces the initial investment burden such as rent and interior costs, lowering the market entry barriers. According to SEMAS, small business owners who want to restart can quickly respond to the non-face-to-face economy by utilizing menus and marketing developed by shared kitchen experts.

Cho Bonghwan, Director of SEMAS, stated, "We will strive to make shared kitchens a practical help for small business owners' recovery by actively utilizing private companies' business operation know-how, infrastructure, and content."

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