"Digital Transformation, a Rebound Opportunity for Small and Medium Venture Businesses"

Jungjingong Publishes Policy Newsletter 'KOSME Jeongchaek Easy Issue 7'

[Asia Economy Reporter Kim Cheol-hyun] The Small and Medium Business Corporation (Chairman Kim Hak-do, hereinafter referred to as SBC) announced on the 4th that it has published the 7th issue of its policy newsletter 'KOSME PolicyⓔKnowledge (Easy)'. This issue focused on the theme of 'Digital Transformation, an Opportunity for the Rebound of Small and Medium Ventures.'

SBC presented the digital transformation strategies for small and medium ventures as follows: ▲ Establishing a foundation for digital transformation in manufacturing sites ▲ Gradual digitalization of production processes ▲ Participation in digital collaboration networks ▲ Training of digital specialists ▲ Monitoring of technology trends.

In particular, for companies seeking to enhance digital transformation competitiveness and advance production sites, SBC recommended the 'Manufacturing Site Smartification Support Project,' and introduced the 'Structural Innovation Support Project,' which provides diagnosis and consulting for companies needing new business or digital transformation, linking them to customized business support such as business transformation funds.

As policy support measures, SBC proposed ▲ Establishing a foundation for digital transformation ▲ Supporting innovation in manufacturing sites ▲ Supporting integrated data linkage management.

Chairman Kim Hak-do stated, "The COVID-19 pandemic demands change and innovation toward a digital economy, and digital technology is not merely a means to reduce costs but an opportunity to secure competitive advantage," adding, "SBC will spare no effort in providing various supports such as policy funds, consulting, and workforce training so that small and medium ventures can lead the upcoming digital transformation."

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