Establishment of a Support Center for Mid-sized Companies Facing Difficulties During the Ukraine War

[Asia Economy Reporter Kim Cheol-hyun] The Korea Federation of Medium-Sized Enterprises (KMFME) announced on the 2nd that it has established and launched the 'Ukraine War Medium-Sized Enterprises Difficulty Reception Center.'

This center was established to support the resolution of direct and indirect difficulties faced by medium-sized enterprises operating business sites in Russia, Ukraine, and neighboring countries or trading with those regions. It plans to quickly identify specific issues such as procurement of raw and subsidiary materials, energy resources, logistics, and payments, and to seek effective countermeasures through close cooperation with related ministries such as the Ministry of Trade, Industry and Energy and relevant organizations.

Specifically, KMFME explained that it plans to cooperate with the 'Russia Desk' of the Strategic Materials Management Office operated by the Ministry of Trade, Industry and Energy, the 'Ukraine Business Difficulty Consultation Center' of the Korea Trade-Investment Promotion Agency, and the 'Emergency Difficulty Reception Desk Related to the Ukraine Situation' of the Korea International Trade Association.

To provide prompt customized support for individual damages to medium-sized enterprises, a hotline among medium-sized enterprises, KMFME, and the Ministry of Trade, Industry and Energy will also be operated. Essential information and support status according to changes in the local situation will be shared, and the speed of cooperation among related ministries for each support issue will be increased.

Choi Hee-moon, Executive Director of KMFME, said, "The Ukraine war can cause not only immediate difficulties for medium-sized enterprises operating in the region but also a long-term crisis across the industry due to raw material procurement, rising international energy prices, damage to food supply pipelines, and contract disruptions." He added, "We will open a space for peaceful solidarity with Ukraine and resolution of individual companies' difficulties, while also minimizing additional damage to our industry after strengthening economic sanctions against Russia through continuous exchange and cooperation."

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