SME Cooperative 'Up to 15 Million KRW Support for Specialized Consulting in Joint Business Development'

Support for Joint Business Development of Small and Medium Enterprise Cooperatives

The Korea Federation of SMEs (Chairman Kim Ki-moon) announced on the 30th that it is recruiting cooperatives to participate in the 'Joint Business Development Specialized Consulting Support Project' to support the development of joint businesses for small and medium-sized enterprise cooperatives.

This project supports small and medium-sized enterprise cooperatives established under the Small and Medium Enterprise Cooperative Act by providing up to 15 million KRW (with a separate 10% cooperative contribution) for specialized consulting costs for new business development and revitalization of existing businesses.

Cooperatives wishing to receive specialized consulting support for joint business development should form a consortium with a consulting firm suitable for project execution and submit a project execution plan to the Collaboration Business Office of the Korea Federation of SMEs by the 16th of next month.

Cho Jin-hyung, head of the Cooperative Division at the Korea Federation of SMEs, said, "We hope that through consulting support, many new joint business models that fit industry characteristics and can respond to market changes will be developed, providing practical help for the revitalization of cooperatives."

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