Korea Federation of SMEs Launches 'SME Regulatory Innovation Task Force' in Full Swing

Discovering On-site Regulatory Cases for Small and Medium Enterprises

Kim Ki-moon, Chairman of the Korea Federation of Small and Medium Business

[Asia Economy Reporter Donghyun Choi] The Korea Federation of SMEs announced on the 19th that it will conduct an on-site regulatory discovery for small and medium-sized enterprises (SMEs) and small business owners to overcome regulatory difficulties and achieve an economic leap forward.

This discovery is being carried out by the SME Federation’s newly launched ‘SME Regulatory Innovation Task Force’ on the 15th to promptly respond to the new government’s regulatory reform promotion system. The purpose is to find regulatory cases that cannot be heard without visiting the field.

First, each department will conduct a preliminary survey targeting member associations and related companies by the 24th. Based on this, they plan to visit SME sites directly to discover specific cases.

Additionally, from the 22nd of this month, a case submission webpage will be opened on the SME Federation’s website to serve as a channel where even companies or small business owners not subject to the survey can report regulatory difficulties. Separately, an on-site regulatory case survey targeting general companies will also be conducted.

Kim Gi-moon, president of the SME Federation, said, “With the new government launched and immediately communicating with field companies, showing a stronger will for regulatory reform than ever before, the expectations of SMEs are high. Based on the discovered cases, we will actively cooperate with the government and hold internal forums to strive for SME regulatory reform.”

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