Yoon: "Mid-sized companies are the backbone of the large and SME ecosystem... Will support deregulation and fund creation"

Attendance at the Mid-sized Businesspersons' Day Ceremony... "We Will Newly Revise Laws Related to Mid-sized Enterprises"

[Image source=Yonhap News]

[Asia Economy Reporter Ki-min Lee] President Yoon Suk-yeol stated on the 7th, "We will ease regulations so that the private sector can invest more actively and grow freely, and also establish various growth financing methods such as fund creation."

At an encouragement speech during the 8th Mid-sized Enterprises Day ceremony held at a hotel in Seoul that day, President Yoon promised government support, saying, "Mid-sized enterprises, which play a pivotal role in the ecosystem of large and small businesses, are the key players in the Yoon Suk-yeol administration's national philosophy of a 'dynamic economy led by the private sector and supported by the government.'"

In his encouragement speech, President Yoon also pledged, "We will newly revise laws related to mid-sized enterprises to establish a healthy corporate ecosystem where small businesses can grow into mid-sized enterprises and then become global companies."

The Presidential Office introduced in a press release that this is the first time a sitting president has attended the Mid-sized Enterprises Day ceremony. The office emphasized, "Since taking office, President Yoon has continuously engaged in on-site activities to actively communicate with the industrial sector, including small businesses, women-owned businesses, and venture companies."

At the event, the 'Mid-sized Enterprises Innovation Growth Declaration Ceremony' was also held for the first time in conjunction with the Mid-sized Enterprises Day ceremony.

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