Yunghap Central Association Signs MOU with Malaysia SME Association

The Korea Federation of SMEs (hereinafter referred to as the Federation) and the Malaysia SME Association (hereinafter referred to as SME) signed a business agreement for mutual economic exchange and technological cooperation.

Photo by Korea Federation of SMEs

According to the Federation on the 5th, this business agreement was signed after close consultations between both parties, recognizing the need for cooperation to develop and strengthen the capabilities of SMEs in both countries. Both organizations agreed to make efforts in ▲seeking development and implementation strategies necessary to strengthen SME capabilities ▲linking networks for entry into overseas markets ▲exchanging various information in trade, technology, and economic aspects ▲mutual exchange of executives and employees to promote business cooperation.

The signing ceremony was attended by Choi Bong-gyu, Chairman of the Federation, and executives of the Korea Federation of SMEs including Shim Young-su, Auditor; Noh Jeong-hyeop, Auditor; Lee Mu-jae, Vice Chairman; Choi Tae-hwan, Vice Chairman; Jeon Gyeong-pyo, Vice Chairman; Yang Young-hwa, Vice Chairman; and Yoo Seung-bok, Chairman of the Malaysia SME Association.

The Malaysia SME Association also promised to attend the '2024 SME Convergence Expo' to be held by the Federation in Gwangju Metropolitan City. A Federation official stated, "We expect this to be an opportunity to establish a close cooperative relationship with Korean SMEs."

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