Pohang City Promising Small Giant Companies Association Expected to Play a 'Driving Force' Role in Local Economy

Business Agreement and Appointment of Expert Advisory Committee... Enhancing Corporate Productivity and Providing Customized Consulting Support

Pohang City Hall.

[Asia Economy Yeongnam Reporting Headquarters Reporter Dongguk Lee] The Pohang Promising Small and Medium Enterprises Council held its annual general meeting and a business cooperation agreement ceremony for mutual growth among companies on the 19th at the POSCO International Hall, attended by Acting Mayor of Pohang Lee Jang-sik, executives, and over 60 members.

This event was organized to discuss the future development directions of Pohang's promising small and medium enterprises, and to explore sustainable growth plans for these enterprises by enhancing competitiveness and technological capabilities through mutual information sharing with other organizations.

Through a business agreement with the Korea Productivity Center on this day, they agreed to promote mutual growth by discovering excellent products, revitalizing marketing, expanding sales channels to increase consumer awareness, and boosting sales. Going forward, both parties will actively share their capabilities and infrastructure to strengthen cooperation systems across various fields.

At the advisory committee appointment ceremony that followed, the following experts were appointed as advisors by field: Attorney Gong Bong-hak, Accountant Kang Kyung-sung, Labor Attorney Park Gyu-hwan, and Legal Counsel Kim Moon-sung. They plan to lead efforts to resolve management difficulties and unreasonable regulations faced by companies and to enhance management efficiency and professionalism of member companies through more practical advice.

Kim Gil-yong, Chairman of the Pohang Promising Small and Medium Enterprises Council, stated, “Despite challenges such as the global economic downturn and the steel industry recession, Pohang's promising small and medium enterprises have greatly contributed to revitalizing the local economy and creating jobs based on years of growth foundations. We will continue to expand the growth capabilities of small and medium enterprises and lead corporate social contribution projects through policy sharing and close cooperation among member companies.”

Acting Mayor Lee Jang-sik, who attended the event, said, “Now that Pohang is facing new challenges and opportunities for innovation, including in new industry sectors, I hope that the bold actions and independent technological capabilities of small and medium enterprises will become the foundation for future growth engines. We will continue to make special efforts and cooperation to ensure follow-up support and management at the city level for improving the business environment and strengthening competitiveness.”

Pohang City has been focusing on discovering and nurturing promising small and medium enterprises over the past seven years (2015?2021) to diversify its industrial structure away from a steel-centered single industry structure toward new growth industries and regionally specialized industries, as well as to create quality jobs. The city has led the establishment of a growth ladder-type support system for local small and medium enterprises by achieving various success cases such as pioneering overseas markets, attracting government support projects, and receiving external awards.

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