40% of SMEs Dissatisfied with Large-Small Business Win-Win Cooperation Policies

Only 10.7% of Companies Satisfied with Win-Win Cooperation Policy
36.5% of SMEs Dissatisfied with SME Development and Support Policies

Minister Kwon Chil-seung Giving a Greeting
(Seoul=Yonhap News) Kwon Chil-seung, Minister of SMEs and Startups, is giving a greeting on the 16th during his visit to CJ CheilJedang, an excellent win-win cooperation company located at CJ Blossom Park in Gwanggyo, Suwon, Gyeonggi Province. 2021.6.16
[Provided by the Ministry of SMEs and Startups. Resale and DB prohibited]
photo@yna.co.kr
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[Asia Economy Reporter Junhyung Lee] Four out of ten small and medium-sized enterprises (SMEs) (39.8%) expressed dissatisfaction with the government’s ongoing win-win cooperation policies between large corporations and SMEs.

The Listening Foundation announced on the 26th that it conducted a survey through the market research firm Gallup Korea from May 4 to June 9, targeting 1,000 SMEs with annual sales of over 100 million KRW. According to the survey, only 10.7% of SMEs were satisfied with the win-win cooperation policies between large corporations and SMEs.

By industry, the wholesale and retail sector showed the highest dissatisfaction rate at 50.5%. By company size, the dissatisfaction rate among small enterprises was 40.3%, which is 10.1 percentage points higher than that of medium-sized enterprises (30.2%).

Regarding policies for fostering and supporting SMEs, 36.5% of companies expressed dissatisfaction. This figure is nearly twice as high as the 16.7% of companies that responded they were satisfied. Additionally, the dissatisfaction rate increased by 6.7 percentage points compared to last year’s 29.8%.

Satisfaction with the current government's policies for fostering and supporting small and medium-sized enterprises.
[Photo by Gyeongcheong Foundation]

28.5% of SMEs identified "establishing market fairness" as the policy that should be promoted to smoothly continue business activities. This was followed by "strengthening financial and tax support (24%)" and "enhancing support for SME technology development (11.3%)."

Regarding SME fostering and support policies expected from the new government launching next year, "expanding safety nets and protection bases for recovery in the event of national disasters such as COVID-19 (41.2%)" was ranked first. This was followed by "strengthening customized support such as sales expansion through market development (29.3%)" and "securing competitiveness through digitalization of SMEs, venture companies, and small business owners (16.4%)."

Meanwhile, the margin of error for this survey result is ±3.1 percentage points at a 95% confidence level.

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