Ministry of SMEs and Startups Moves Headquarters to Sejong City After 4 Years Since Inception

Minister Kwon Chil-seung of the Ministry of SMEs and Startups is delivering a greeting to commemorate the relocation to the Sejong Government Complex. Photo by the Ministry of SMEs and Startups

Minister Kwon Chil-seung of the Ministry of SMEs and Startups is delivering a greeting to commemorate the relocation to the Sejong Government Complex. Photo by the Ministry of SMEs and Startups

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[Asia Economy Reporter Kim Heeyoon] On the 26th, Kwon Chilseung, Minister of the Ministry of SMEs and Startups, visited small business owners such as cafes and restaurants in Eojin-dong, Sejong City, and distributed rice cakes. The Ministry of SMEs and Startups relocated its headquarters from Daejeon to Sejong City on the occasion of its 4th anniversary since its launch and 23 years since the Small and Medium Business Administration was established. The rice cakes were a commemorative gift to neighbors to mark the move.


Minister Kwon said, "We will do our best to restore the small business owners' economic sentiment to the pre-COVID-19 level." The Ministry held a plaque unveiling ceremony at the Sejong Government Complex to officially announce the relocation.


The relocation to Sejong by the Ministry of SMEs and Startups began with the submission of a letter of intent to the Ministry of the Interior and Safety in October last year, followed by public hearings and consultations with related ministries, and the relocation plan was finalized in January this year. The move took place over three days from the 12th to the 14th.


The Ministry's new office in Eojin-dong, Sejong City, was designed differently from typical government offices, with the themes of ‘Innovation’ and ‘Fun’ to match the young and innovative image of the institution.



Meanwhile, from August last year to June this year, the Ministry of SMEs and Startups is injecting an additional supplementary budget of approximately 4.22 trillion won to support small business owners affected by the prolonged social distancing measures. Small business owners subject to gathering bans will receive up to 20 million won, those under business restrictions up to 9 million won, and businesses in vulnerable industries with a sales decline rate of 10% or more will receive up to 4 million won in Hope Recovery Funds.


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

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