Five Organizations Including Jungjingong Launch Efforts to Foster Seoul's Distribution and Service Industries

Multilateral Agreement Among 5 Organizations Including Jungjingong, Seoul Customs, and Seoul Business Agency

On the afternoon of the 7th, participants including Park No-woo, Head of the Seoul Regional Headquarters of the Small and Medium Business Corporation (second from the left), are posing for a commemorative photo at the business agreement ceremony held at the Seoul Regional Headquarters of the Small and Medium Business Corporation.

[Asia Economy Reporter Kim Cheol-hyun] The Small and Medium Business Corporation (Chairman Kim Hak-do, hereinafter referred to as SBC) announced on the afternoon of the 7th that it signed a multilateral business agreement at the Seoul Regional Headquarters in Geumcheon-gu, Seoul, to foster the distribution and service industries such as Seoul's K-Beauty.

The agreement institutions include SBC, Seoul Customs, Seoul Business Agency, Small Business Hope Foundation, and Korea Center, totaling five organizations. The plan is to establish a public-private cooperation system and provide relay-style support to help companies engaged in distribution and service industries increase sales, create jobs, and revitalize the local economy.

Specifically, by utilizing each institution's programs and networks, they will support ▲discovering promising companies and mutual recommendations ▲policy fund loans ▲online and offline export support ▲education, consulting, and startup infrastructure provision ▲job matching. In addition, they agreed to actively cooperate to revitalize the local economy by practicing social value and ESG (environment, social, governance) management.

SBC plans to connect and support policy funds, consulting, export marketing, and job support projects in a relay manner based on accumulated know-how and data to achieve concrete results. Park No-woo, head of SBC's Seoul Regional Headquarters, said, "We will do our best to make this multilateral business agreement a successful cooperation model where public institutions and private companies join forces to foster the region's key industries," adding, "SBC will strengthen cooperation with related organizations and provide linked support for various small and medium venture business support projects to back the region's growth and revitalize the local economy."

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