Chungnam Province, 86% Satisfaction with SME and Small Business Support Policies
More than 80% of policy beneficiaries expressed satisfaction with Chungnam Province's support policies for small and medium-sized enterprises (SMEs) and small business owners.
Chungnam Province announced on the 28th that it confirmed this level of policy satisfaction through a recent survey commissioned to the Economic Trend Analysis Center of the Chungnam Job and Economy Promotion Agency.
The survey was conducted with 1,089 SMEs and small business owners within Chungnam Province.
Among all respondents, 571 reported actually receiving benefits from Chungnam Province's support policies for SMEs and small business owners, and of these, 492 (86.2%) responded that they were "satisfied" with the support policies.
By category (multiple responses allowed), satisfaction was highest for financial support at 87.2%, followed by export support at 87.0%, management and facility support at 81.3%, market access support at 76.5%, and employment support at 75.5%.
Regarding the effects of policy support, the proportions were highest for improved corporate profitability (34.5%), prevention of business closures (27%), increased sales (21.4%), employment stability (19.34%), and increased exports (2.3%), suggesting that Chungnam Province's support policies help reduce business burdens and lead to effects such as increased sales.
Earlier, since March, Chungnam Province has been implementing policies with a budget of 1 trillion won to support local SMEs and small business owners in financial liquidity and exports.
Among all respondents who participated in the survey (1,089 people), 701 (64.3%) were aware of Chungnam Province's support policies for SMEs and small business owners.
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Jeon Hyung-sik, Deputy Governor for Political Affairs of Chungnam Province, stated, "Chungnam Province will continue to actively discover and promote support policies that help local SMEs and small business owners."
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