Korea Federation of SMEs Holds '1st Root Industry Committee' Meeting... "Difficult to Feel Policies on Site"

2021 1st Root Industry Committee Meeting Held
Discussion on Identifying and Addressing SME Issues for the Next 2 Years... Government to Deliver Improvement Policies
New Chairman: "Interest in Root Industry Has Decreased... Government Must Strengthen Commitment to Support"

The Korea Federation of Small and Medium Business held the '2021 1st Root Industry Committee Meeting' on the 28th at the Federation's Yeouido office.
[Photo by Lee Jun-hyung]

[Asia Economy Reporter Junhyung Lee] “Although many government policies have been established to strengthen the competitiveness of the root industry, it is often difficult for small and medium-sized enterprises (SMEs) on the ground to feel the impact of these policies.”

On the 28th, Shin Yongmun, Chairman of the Hangum Mold Industry Cooperative, stated this at the ‘2021 1st Root Industry Committee’ held at the Korea Federation of SMEs in Yeouido. About 20 people attended the committee meeting, including Chairman Shin, Seo Seungwon, Executive Vice President of the Korea Federation of SMEs, Seo Byungmoon, Chairman of the Korea Foundry Industry Cooperative, and Joo Bowon, Chairman of the Korea Metal Heat Treatment Industry Cooperative.

The Korea Federation of SMEs appointed Chairman Shin as the committee chairman and commissioned 18 members considering industries such as forging, surface treatment, and heat treatment, as well as representativeness.

The Root Industry Committee will identify current issues faced by SMEs within the root industry and discuss countermeasures over the next two years. It will also propose policies containing improvement plans to the government and the National Assembly.

Committee members attending the Root Industry Committee meeting held on the 28th are taking a commemorative photo. From the 4th person on the left in the front row, Seungwon Seo, Executive Vice President of the Korea Federation of SMEs, and Yongmun Shin, Chairman of the Committee and Chairman of the Korea Mold Industry Cooperative.
[Photo by Korea Federation of SMEs]

Chairman Shin said, “This year marks the 10th anniversary since the Root Industry Act was enacted in 2011, making it a meaningful year,” but added, “Interest in the root industry has been declining compared to the beginning.” He added, “The committee faces the task of raising the government’s and society’s interest and willingness to foster the industry once again,” and “We plan to actively convey industry issues to related organizations by promoting field visits and policy meetings centered on the committee.”

Kim Gi-moon, Chairman of the Korea Federation of SMEs, urged the committee to lead policies that SMEs can feel on the ground. In a written statement, Chairman Kim said, “The Korea Federation of SMEs has actively carried out activities such as implementing technology difficulty support projects with university advisory groups and signing business agreements with the government and related organizations to strengthen the competitiveness of the root industry,” and “We expect the committee to deliver the right policy direction between the government and SMEs.”

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