Kakao to Support Small Business Co-Growth with 30 Billion KRW over 5 Years

Kakao and Small Business Association Sign Business Agreement

Kakao announced on the 31st that it has signed a "Business Agreement to Support the Sustainable Development and Digital Transformation of Small Business Owners" with the Federation of Small Businesses (hereinafter referred to as Sobongyeon).

Kakao signed a business agreement with the Korea Federation of Micro Enterprise to support the sustainable development and digital transformation of small business owners.
[Photo by Kakao]

Kakao and Sobongyeon have agreed to cooperate to enhance the competitiveness of small business owners. To this end, Kakao will provide a total of 30 billion KRW over five years until 2028. This is part of a 300 billion KRW mutual growth fund announced by Kakao in April last year as a sustainable growth plan in collaboration with society.

The two parties will promote ▲ the establishment of a Small Business Digital Support Center and support for operating educational programs ▲ the establishment of a social safety net for small business owners in the event of disasters such as floods and fires ▲ production of promotional content such as policy videos for small business owners and support for events ▲ revitalization of the local economy and support for digital transformation through KakaoTalk channels.

Kakao will contribute to the dissemination of Sobongyeon policies for small business owners, and Sobongyeon will support smooth collaboration and cooperation implementation between Kakao and small business owners.

The Small Business Digital Support Center will provide various capacity-building education for the digital transformation of small business owners and services such as legal, labor, and tax support for sustainable growth. It will deliver Kakao’s digital business know-how and conduct Kakao Business education to help utilize various platform assets. It will also strive to eliminate blind spots by supporting disaster insurance to protect small business owners from risks such as floods and fires.

Hong Eun-taek, CEO of Kakao, said, "We aim to contribute to sustainable development by supporting digital transformation so that 7 million small business owners can strengthen their business capabilities." He added, "In particular, we will carry out ESG activities that can contribute to the small business ecosystem based on the local economy in line with the digital era."

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