<기사제목>Korea Federation of SMEs Establishes Dedicated ESG Team: "Listening to Industry Challenges, Proposing to Government and National Assembly"

Kim Ki-moon, President of the Korea Federation of SMEs [Photo by Yonhap News]

[Asia Economy Reporter Kim Bo-kyung] The Korea Federation of Small and Medium Business (KSMB) announced on the 30th that it will establish a dedicated ESG (Environmental, Social, and Governance) team to actively respond to the ESG management system spreading mainly among large corporations and financial sectors.

The establishment of the dedicated team reflects the sense of crisis within the SME industry, which views the current ESG-based changes in the business environment as a short-term burden and a future survival issue.

The ESG team plans to form the "SME ESG Committee" next month, focusing on SMEs and cooperatives related to large company partners and export companies, to listen to SME difficulties, discuss improvement measures, and make recommendations to the government and the National Assembly.

In particular, it plans to propose that the ESG evaluation indicators being developed by the government serve as a foundation for the co-prosperity of large and small businesses and provide standardized and minimized guidelines for SMEs. It will also promote the necessity of ESG preparation, including education and briefings to strengthen SMEs' ESG capabilities.

Jung Wook-jo, Head of the Innovation Growth Division at KSMB, emphasized, "Systematic government support aligned with the pace of market changes is essential for SMEs to smoothly adapt to the new system."

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