Medium-sized Business Community Requests Fair Trade Commission to Expand Scope of Linked Payment for Supply Prices

Korea Federation of SMEs Holds Meeting with Han Ki-jung, Chairman of the Fair Trade Commission

The Korea Federation of Small and Medium Business (Kbiz) announced on the 17th that it held a 'Meeting with Small and Medium Business Owners Inviting Han Ki-jung, Chairman of the Fair Trade Commission' at the Kbiz headquarters in Yeouido.

At the meeting, 14 representatives from small and medium business organizations and cooperatives attended, including Kim Ki-moon, Chairman of Kbiz; Yoon Hak-soo, Chairman of the Korea Specialty Construction Association; Cho In-ho, Chairman of the Korea Mechanical Equipment Construction Association; Jung Hyun-sik, Chairman of the Korea Franchise Industry Association; Jung Kwang-cheon, Chairman of the Innobiz Association; and Bae Jo-ung, Chairman of the Korea Ready-Mixed Concrete Industrial Cooperative Federation.

The small and medium business owners attending the meeting conveyed 19 field difficulties related to unfair trade, including ▲expansion of the scope for subcontract payment linkage and strengthening of actual condition surveys ▲support for damaged small and medium businesses using unfair trade fines ▲supplementing the exclusion of the Fair Trade Act application to cooperative joint projects ▲prompt establishment of regulations invalidating unfair special contracts to protect small and medium businesses ▲enactment of the Online Platform Fairness Act, and requested the preparation of improvement measures.

Kim Ki-moon, Chairman of Kbiz, said, “Due to the recent unstable domestic situation, exchange rates have risen sharply, causing raw material prices and logistics costs to soar, and domestic demand has stagnated, leading many small and medium businesses and small merchants to express difficulties.” He added, “We hope that the Fair Trade Commission will play an active role in creating an environment where small and medium businesses can receive fair payment for their deliveries, including the prompt establishment of the subcontract payment linkage system on the ground so that small and medium businesses can maintain stable business activities.”

Han Ki-jung, Chairman of the Fair Trade Commission, said, “We will continue efforts to establish the subcontract payment linkage system on the ground to improve the management conditions of small and medium businesses, and at the same time, we will strictly respond to illegal acts that undermine the purpose of introducing the linkage system.” He added, “Despite the difficult economic conditions, the Fair Trade Commission aims to resolve social polarization and enable small and medium businesses to become the core growth engine of our economy by 2025.”

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