Song Chi-young Elected President of Industrial Materials Association as Head of Sogongyeon... "Will Upgrade to the Next Level"

61.4% Vote Share Recorded
Promises Including 'Enhancing Transparency in Sogongyeon Accounting'

Song Chi-young, president of the Korea Industrial Materials Association, was elected as the 5th president of the Small Business Federation.

On the 29th, Song Chi-young, president of the Korea Industrial Supplies Association, who was elected as the 5th president of the Small Business Federation, expressed his gratitude upon election.
[Photo provided by the Small Business Federation]

The Small Business Federation announced that at the ‘2024 1st Extraordinary General Meeting’ held on the 29th at the Mapo Education Center in Seoul, President Song was elected as the 5th president of the federation. Song received 35 votes, accounting for 61.4%, out of 57 member organizations participating in the vote among a total of 58 regular member organizations.

Having served as an auditor for the Small Business Federation, Song will lead the legally recognized economic organization from the 31st of this month until August 30, 2027.

President-elect Song said, “It is a heavy responsibility to lead the Small Business Federation during this period of economic downturn and the era of one million business closures,” adding, “I will upgrade the federation, which previous presidents, executives, and members have led well, to the next level and continuously seek ways to support small business owners by sharing this heavy burden together.”

His pledges include strengthening the transparency of the federation’s accounting, enhancing fairness in business participation, promoting fair amendments to the articles of association, completely reorganizing the subcommittees, reinforcing the network linkage of regional federations, promoting the construction of the federation’s headquarters, strengthening legal support services, pursuing the establishment of a small business bank, leading inclusive small business financial policies, enhancing small business policy capabilities, and pioneering specialized regional hubs for small businesses.

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