Korea Federation of SMEs Holds '2nd SME 4th Industrial Revolution Committee' Meeting... "Urgent Need for Workforce Solutions"

The Korea Federation of Small and Medium Business located in Yeouido, Seoul.
[Photo by Asia Economy DB]

[Asia Economy Reporter Junhyung Lee] The Korea Federation of SMEs announced on the 14th that it held the '2021 2nd SME 4th Industrial Revolution Committee' at the Federation of SMEs located in Yeouido, Seoul.

The SME 4th Industrial Revolution Committee was established to discuss measures for the revival of SMEs in the era of the 4th Industrial Revolution and the fostering of new industries. Yang Changjun, CEO of Maketon, who attended the committee meeting, pointed out the concentration of software (SW) development personnel in large corporations and the outflow of personnel from SMEs. He emphasized the need for government support policies such as ▲expansion of military service special cases for SW personnel ▲expansion of the Youth Tomorrow Savings Program ▲establishment of a governance system for SW personnel training.

Professor Myungae Jeong of Eulji University proposed policy tasks for SMEs including ▲support for market expansion for globalization ▲securing manpower and expanding jobs ▲creating an environment for fair competition. She also suggested improvement measures such as revising related legislation, developing technological infrastructure for SME manufacturing innovation, and budget support. In addition, Professor Seungjung Park of Ajou University, CEO Byungdoo Lee of BizOn Communication, and Professor Yooseok Bae of the Korea Institute of Industrial Technology discussed various policy tasks through debate.

Yang Chanhoe, Head of the Innovation Growth Division at the Federation of SMEs, said, "To strengthen domestic industrial competitiveness, it is necessary to foster new industries such as healthcare while supporting the digitalization of existing manufacturing SMEs so they can adapt to changes in the era through a two-track strategy." He added, "It is urgent to prepare measures to address the shortage of high-level personnel such as SW personnel in new industries and the lack of young workforce inflow in traditional manufacturing."

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