Jungjinkong Holds Meeting with Small Giants Association... Exploring 'SME Innovation Growth Strategies'

Discussion on Response Strategies for SMEs and Venture Companies in the Era of Triple Complex Crises

On the 15th, at a meeting held at the Seoul Small and Medium Business Distribution Center, Kim Hak-do, the chairman of the Korea SMEs and Startups Agency, 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 15th that it held a meeting with the Korea Small Giants Association (Chairman Shim Sang-don, hereinafter referred to as Small Giants Association).

About 15 people, including SBC Chairman Kim Hak-do and Small Giants Association Chairman Shim Sang-don, attended the meeting to share difficulties faced by companies and discuss policy support measures to strengthen the competitiveness and innovative growth of small giants.

At the meeting, the Small Giants Association proposed policy support for ▲ resolving temporary liquidity difficulties of small and medium ventures and expanding policy funds necessary for large-scale facility investments ▲ transitioning to ESG (Environmental, Social, and Governance) management in preparation for supply chain due diligence ▲ addressing the chronic manpower supply and demand issues of small enterprises. In response, SBC explained support policies and directions to strengthen the competitiveness of small and medium ventures, including the expansion of customized ESG management for SMEs, response to industrial structure transformation, and fostering new industries.

Chairman Kim said, "This year, due to the prolonged COVID-19 pandemic, the Russia-Ukraine conflict, supply chain restructuring, and the triple crisis of high exchange rates, high interest rates, and high inflation, as well as demands for ESG management transition, the management difficulties of small and medium ventures are increasing," adding, "We will carefully review the opinions raised this time and strive to reflect them in policies. We will continue to listen closely to voices from the field and support small and medium ventures to play a leading role in economic recovery and private-sector-led innovative growth."

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