Private Experts to Visit SMEs Within 3 Days of Damage Report
Providing Customized Recovery Plans

Participants of the Disaster Rapid Response Expert Training held last month are taking a commemorative photo.

Participants of the Disaster Rapid Response Expert Training held last month are taking a commemorative photo.

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[Asia Economy Reporter Kim Cheol-hyun] The Small and Medium Business Corporation (Chairman Kim Hak-do, hereinafter referred to as SBC) announced on the 25th that it will operate the 'Disaster Rapid Response Team' based on collaboration with private experts.


The Disaster Rapid Response Team, composed of a total of 25 regional experts, visits the sites of affected small and medium enterprises (SMEs) in the early stages of disasters such as floods and typhoons to provide customized recovery plans. Within three days of receiving damage reports, the team visits the affected companies to coach them on damage recovery measures and recovery priorities, and informs them about disaster support services available through connected local governments and related organizations. Additionally, if experts determine that policy funds are needed for disaster recovery based on their diagnosis, SBC plans to provide emergency management stabilization funds through its regional headquarters and branches.


SBC piloted the Disaster Rapid Response Team for SMEs affected by the fire in Gyeongsan Knowledge Industry District in February and the wildfire in Uljin in March. Immediately after the disasters, the team visited the sites with professional loss adjusters to assess the damage situation, estimate expected losses, and support the establishment of response plans, thereby helping affected companies to normalize their management early.



Considering that SME damages are concentrated during the summer flood and typhoon seasons, SBC has completed preparations such as training a pool of experts and establishing systems. Chairman Kim Hak-do stated, "We will provide systematic damage recovery services to small and medium ventures suffering management damages from unexpected disasters to help them overcome crises early," adding, "In the future, we will enable affected companies to use services more quickly and easily through the establishment of mobile systems."


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

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