Korea Federation of SMEs, Ministry of SMEs and Startups, and Local Governments Hold 'Joint Workshop for Small Business Cooperatives'

Ministry in Charge of SME Cooperatives, Plans to Establish the 4th Cooperative Revitalization Plan

The Korea Federation of SMEs announced on the 11th that it held the '2024 Joint Workshop for Small and Medium Enterprise Cooperatives' in Jeju, together with the Ministry of SMEs and Startups and 17 metropolitan local governments nationwide.

About 50 cooperative officers from the Korea Federation of SMEs, the Ministry of SMEs and Startups, and local governments participated in this workshop, which was organized under the theme of 'Strengthening the Role of Cooperatives for Revitalizing the Regional Economy' to jointly explore the development direction of small and medium enterprise cooperatives by their main governing bodies.

The workshop participants first visited the Jeju Supermarket Cooperative to hear about the cooperative’s key business status, including in-house product development and operations, and toured the approximately 3,500-pyeong joint wholesale logistics center. Additionally, at a meeting chaired by former President Jang Seung-kwon of the Korean Cooperative Association, they discussed the establishment of the 4th Cooperative Revitalization Plan, including effective government and local government support measures for regional cooperatives, and shared best practices of cooperative support among local governments.

Cho Jin-hyung, Head of the Cooperative Division at the Korea Federation of SMEs, said, “As the institutional support base for cooperatives has greatly expanded through the enactment of local government ordinances supporting cooperatives and the establishment of revitalization plans, we hope that the government and local governments will continue to show strong interest in supporting small and medium enterprise cooperatives.”

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