Jungjingong Launches 'Future Development Advisory Committee' for Autonomous Innovation

Appointment of 8 Industry-Academia-Research Experts
Improvement of Internal Regulations and Business Processes Through Expert Consultation

At the Future Development Advisory Committee of the Korea SMEs and Startups Agency held on the 12th, attendees including Chairman Kim Hak-do (fifth from the left) and CEO Hwang Cheol-ju of Juseong Engineering (sixth from the left) are posing for a commemorative photo.

[Asia Economy Reporter Kim Cheol-hyun] The Small and Medium Business Corporation (Chairman Kim Hak-do, hereinafter referred to as SBC) announced on the 12th that it held the 1st Future Development Advisory Committee meeting of 2021 at the Millennium Hilton Hotel in Jung-gu, Seoul. The Future Development Advisory Committee is an advisory body established to formulate improvement directions for support policies and projects for small and medium enterprises based on the opinions of key policy customers and experts, with an activity period lasting until the end of this year.

The 1st Future Development Advisory Committee meeting held that day was attended by eight external advisory members from various fields including small and medium enterprises, academia, and research institutes, along with SBC Chairman Kim Hak-do. Hwang Cheol-ju, CEO of Juseong Engineering, served as the chairman, joined by Professor Kim Yeon-seong of Inha University, CEO Park Hye-rin of Omni System, Senior Research Fellow Son Su-jeong of the Science and Technology Policy Institute, Editor-in-Chief Shim Gyu-ho of Electronic Times, CEO Ahn Geon-jun of CrucialTec, Vice President Lee Dong-joo of the Small and Medium Business Research Institute, and CEO Lim Byung-hoon of Telstar Hommel.

SBC has continuously made improvement efforts by identifying problems in internal regulations and business processes that customers find unreasonable through participation and communication with various stakeholders such as the public, media, and the National Assembly, selecting ten major tasks. On this day, the advisory members presented opinions from the perspective of policy customers regarding the current status and problem analysis of the ten major improvement tasks for key projects. They expressed agreement with SBC’s recent emphasis on enhancing transparency in small business support policies and improving customer satisfaction, and urged SBC to take a proactive and leading role in lowering the threshold of support projects to match the needs of companies in order to overcome the COVID-19 crisis and create jobs. Based on the members’ opinions, SBC promised three major improvement directions: ▲business innovation for demand-centered policy promotion ▲strengthening regional industry innovation and linkage with government policies ▲restoring public trust through enhanced transparency and fairness.

Hwang Cheol-ju, CEO of Juseong Engineering, said, "Small and medium enterprises are in a difficult situation where they must simultaneously overcome the management crisis caused by COVID-19 and invest for growth," adding, "I will spare no advice to help SBC’s efforts for innovative growth of small and medium enterprises, such as securing new growth engines and spreading entrepreneurship, shine even brighter, and also convey the vivid voices from the field."

Chairman Kim Hak-do said, "SBC is preparing a lot to support the innovative growth of small and medium ventures in the post-COVID-19 era," and added, "We will expand communication with policy customers to promote demand-centered policies and enhance transparency and fairness of projects, strengthen linkage with government policies such as regional industry innovation and activation of the digital and green economy, and contribute to producing tangible results."

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