Ministry of SMEs and Startups, Korea Federation of SMEs, and Samsung Electronics Host '2022 SmartBiz Expo'

[Asia Economy Reporter Kwak Min-jae] The Korea Federation of SMEs announced on the 4th that it will hold the ‘2022 Smart Biz Expo’ at COEX Hall B in Seoul until the 7th of this month, in collaboration with the Ministry of SMEs and Startups and Samsung Electronics.

Hosted by the Ministry of SMEs and Startups and co-organized by the Korea Federation of SMEs and Samsung Electronics, the 2022 Smart Biz Expo is an event that exhibits products from outstanding small and medium enterprises (SMEs) that have built smart factories through the ‘Large and Small Win-Win Smart Factory Project’ and supports their market development.

The theme of this event is ‘Smart Factory! Beyond Innovation, We Will Accompany You to Market Development Together.’ A total of 95 SMEs from various industries such as medical and healthcare (diagnostic kits, masks, hand sanitizers, etc.), home appliances, food and beverages, daily necessities, machinery and equipment, and industrial materials participated.

The event supports various market development activities for participating SMEs through exhibitions divided into three main themes (Demonstration Zone, Tasting Zone, Excellent Technology Experience Zone), operation of a purchase consultation zone for business matching with domestic and international buyers, operation of a live commerce studio that supports real-time purchase consultations via live broadcast, free product photography support, and on-site reports.

At the opening ceremony, Minister Lee Young of the Ministry of SMEs and Startups, Kim Ki-moon, Chairman of the Korea Federation of SMEs, Lee In-yong, President of Samsung Electronics, Oh Young-gyo, Chairman of the Win-Win Growth Committee, and Park Han-gu, Head of the Smart Manufacturing Innovation Promotion Group, attended. National Assembly Industry, Trade and SMEs Committee members Han Mu-kyung of the People Power Party and Kim Han-jung of the Democratic Party sent congratulatory messages via video.

Minister Lee Young, Chairman Kim Ki-moon, and other key attendees directly tasted products from participating SMEs, test-drove an electric agricultural vehicle, and experienced excellent technology products such as home oxygen generators. They toured the purchase consultation zone and live commerce studio, encouraging the achievements of SMEs that play an important role in maintaining South Korea’s world-class manufacturing competitiveness.

Kim Ki-moon, Chairman of the Korea Federation of SMEs, said, “To flexibly and efficiently respond to new management environments such as building safe workplaces for workers, ESG management, and carbon neutrality, which SMEs have recently faced, support for win-win smart factories must be expanded. For this, broad participation from specialized large corporations in various industries, including Samsung and POSCO, and strengthened government policy incentives are necessary.”

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