Small Business Federation Urges Passage of 'Sangsaeng 3 Laws' in April National Assembly

[Asia Economy Honam Reporting Headquarters Reporter Kim Tae-in] The Korea Federation of Micro Enterprises (hereinafter referred to as KFME) held its second relay press conference in front of the Gyeongnam Provincial Council building on the 26th, following the 'Press Conference to Urge Normalization of the Korea Federation of Micro Enterprises' held in front of the Gyeonggi Provincial Council on the 20th.

The regional chairpersons who attended that day stated, "We request the government and both ruling and opposition parties to pass the three coexistence solidarity laws (Loss Compensation Act, Cooperative Profit Sharing Act, Social Solidarity Fund Act), which were proposed last month, in the April National Assembly session." They added, "Please make every effort to ensure that micro enterprises can receive support through legal systems so that they can overcome the COVID-19 pandemic crisis and grow as a key economic entity."

The Jeollabuk-do chapter of the Korea Federation of Micro Enterprises (acting chairman Lim Gyu-cheol) also held a press conference on the 14th at the large conference room of the Korea Optometric Association Seoul Education Center on the 4th floor of SK Leaders in Mullae-dong, Yeongdeungpo-gu, Seoul. They claimed, "The central association of the Korea Federation of Micro Enterprises, raised by Chairman Bae Dong-wook, has committed embezzlement, misappropriation, and bribery involving approximately 16.9 billion KRW of public funds over the past four years, with some employees also involved." They urged, "The Ministry of SMEs and Startups, the competent authority, should conduct a special audit of the Korea Federation of Micro Enterprises to verify the facts."

They continued, "Amid the COVID-19 pandemic crisis, about 10,000 regional members nationwide, who are struggling with closures and suspensions and facing threats to their survival, pay monthly membership fees ranging from 3,000 KRW to 10,000 KRW to the central association. There must be a thorough investigation into the deposit records and usage of these fees over the past three to four years."

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