Jungjin-gong Establishes Council for Comprehensive Spread of Entrepreneurship

Multilateral Agreement Among 6 Institutions with Expertise in Entrepreneurship

[Asia Economy Reporter Kim Cheol-hyun] The Small and Medium Business Corporation (Chairman Kim Hak-do, hereinafter referred to as SBC) announced on the 29th that it signed a 'Multilateral Memorandum of Understanding for the Expansion of K-Entrepreneurship' with five related organizations at the JW Marriott Hotel in Seocho-gu, Seoul.

The five organizations that signed the agreement with SBC on that day are the Korea Youth Entrepreneurship Foundation, Korea Productivity Center, Korean Academic Society of Business Administration, Korean Academy of Entrepreneurship, and the Entrepreneurship Society. The six organizations reached a consensus that in this era of great transformation, including the 4th Industrial Revolution and the transition to a low-carbon and digital industrial structure, the comprehensive expansion of K-Entrepreneurship is crucial for South Korea to overcome crises and lead a new future.

To this end, they agreed to promote ▲ linkage of educational programs and joint project development ▲ research, surveys, and policy development related to K-Entrepreneurship ▲ mutual support of infrastructure such as excellent instructors and training facilities. SBC will take charge of the overall operation of the cooperation network. The organizations plan to combine their core competencies and proceed with projects in areas where collaboration is easy.

Chairman Kim Hak-do said, "The establishment of a cooperative governance among entrepreneurship specialized institutions is expected to create synergy for the expansion of K-Entrepreneurship," and added, "I hope that through the agreement among the six organizations, entrepreneurship will firmly take root among entrepreneurs and the general public."

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