Moon Seung-wook, Minister of Industry, Visits Korea Federation of SMEs... On-site Communication with the Business Community

Third Visit to Economic Organizations Following KCCI and KEF... "Supporting SME Growth and Job Creation"

[Image source=Yonhap News]

[Sejong=Asia Economy Reporter Kwon Haeyoung] Moon Seung-wook, Minister of Trade, Industry and Energy, visited the Korea Federation of Small and Medium Business (KOSME) on the 17th and emphasized active support for the virtuous cycle of SME growth and job creation.

As part of his tour of economic organizations, Minister Moon visited KOSME and held a meeting with Kim Ki-moon, Chairman of KOSME.

This visit marks the third economic organization visit following the Korea Chamber of Commerce and Industry and the Korea Employers Federation since his inauguration on the 6th. The visit to KOSME was made with the intention of working closely with the SME sector, which is the foundation of our economy, to lead a definite economic rebound and prepare for the future together.

Minister Moon stated, "SMEs are the foundation that supports our industrial ecosystem and the starting point for realizing a leading economy," and evaluated, "Achievements such as being global No.1 in semiconductors and shipbuilding, and entering the top five automobile countries were possible thanks to the strong support of SMEs." He added, "The Ministry of Trade, Industry and Energy will become an industry department that leads change and cooperation as a steering wheel presenting future vision and a platform connecting the industrial ecosystem."

During the visit, Minister Moon promised ▲ support for sustainable growth of companies and creation of new jobs through strengthening the SME growth ladder ▲ enhancement of SMEs’ response capabilities to changes in the business environment such as carbon neutrality, digital transformation, and ESG (environment, social, governance) expansion ▲ continuous efforts to resolve customized difficulties in industrial sites, revitalize the regional economy, and support human capital accumulation.

Quoting war correspondent Robert Capa’s famous saying, Minister Moon emphasized, "'If your pictures aren’t good enough, you’re not close enough,'" and said, "We will prepare and implement policies that accurately reflect the realities of our SMEs by approaching the field more closely and earlier than anyone else."

Chairman Kim Ki-moon said, "In an uncertain business environment, it is a time when we must prepare for the future such as carbon neutrality and digital transformation, and SMEs and small business owners have many concerns," and requested, "We ask the Ministry of Trade, Industry and Energy to take active interest and support so that SME entrepreneurs can restore their entrepreneurial spirit and expand investment and create quality jobs after COVID-19."

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