Jungjingong Holds Meeting with Junggi Convergence Central Association... Exploring 'SME Policy Support Measures'

On the 9th, Discussions on Overcoming the Crisis of SMEs in the '3Gao Era' and Plans for Innovative Growth

At the meeting held in Daejeon on the 9th, Chairman Kim Hak-do is speaking.

[Asia Economy Reporter Kim Cheol-hyun] The Small and Medium Business Corporation (Chairman Kim Hak-do, hereinafter referred to as SBC) announced on the 9th that it held a meeting with the Korea Federation of Small and Medium Business Associations (Chairman Choi Bong-gyu, hereinafter referred to as KFSMBA) at the Intercity Hotel in Daejeon.

About 30 people, including Kim Hak-do, Chairman of SBC, and Choi Bong-gyu, Chairman of KFSMBA, attended the meeting to share difficulties and discuss policy support measures for the innovative growth of small and medium-sized ventures.

KFSMBA requested active and prompt financial support to help companies overcome management difficulties and temporary liquidity challenges caused by the 'three highs phenomenon' of high exchange rates, high interest rates, and high prices. They also proposed expanding the export voucher program to help domestic companies without export performance develop overseas sales channels.

In response, SBC stated that it increased the emergency management stabilization fund from the original 200 billion won to 360 billion won to support companies facing difficulties due to ongoing Ukraine crisis and soaring raw material prices, and is promoting the expansion of next year's export voucher program support.

Furthermore, SBC introduced the establishment of a public-private ESG (Environment, Social, Governance) council, which provides preferential benefits such as interest rate reductions from private financial institutions to small and medium ventures adopting ESG management.

Chairman Kim said, "This year, there will be many management difficulties due to concerns about economic slowdown caused by rising raw material and interest rates, as well as demands for ESG management," adding, "SBC will actively support small and medium ventures so that they can play a leading role in economic recovery and innovative growth."

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