Korea Federation of SMEs to Establish 'Shuttle Exchange' with Japan for SMEs

Signed a Business Agreement with the Japan Federation of Small Business Associations

The Korea Federation of Small and Medium Business (Kbiz) announced on the 18th that it signed a business agreement with the Japan Federation of Small Business Associations in Tokyo, Japan. Taking this agreement as an opportunity, both organizations will ▲expand human and technological exchanges among small and medium enterprise (SME) groups such as industry-specific cooperatives and associations, ▲support exchanges among SMEs for supply chain development, ▲and mutually cooperate in various fields including policy and information exchange to resolve manpower shortages and management difficulties faced by SMEs.

Kim Ki-moon, President of the Korea Federation of SMEs (left), and Mori Hiroshi, President of the Japan Chamber of Small and Medium Business Associations, are posing for a commemorative photo after signing an agreement.

The Japan Federation of Small Business Associations was established in 1956 under the Act on Small and Medium Enterprise Cooperatives and other organizations, with the purpose of promoting SMEs. It is Japan's representative SME organization, with approximately 27,000 SME cooperatives and associations and about 2.24 million SMEs under its membership.

Kim Ki-moon, Chairman of Kbiz, stated, “As the global trade environment is rapidly changing due to supply chain restructuring, there is a need for a platform where Korea’s ICT convergence technologies and Japan’s strengths in materials, parts, and equipment can be exchanged and policy issues discussed.” He added, “To ensure sustainable Korea-Japan SME economic cooperation, we will create a private-sector ‘shuttle economic exchange’ cooperation model that allows SMEs to visit each other through the annual cross-hosting of policy forums between Korea and Japan organizations.”

Mori Hiroshi, Chairman of the Japan Federation of Small Business Associations, also said, “I hope that the representative SME organizations of both Korea and Japan will join forces to continue a practical cooperative relationship for mutual development.”

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