Small Enterprise and Market Service Receives Presidential Citation for Excellence in Financial Support for SMEs and Ventures at the 29th Ceremony

The Small Enterprise and Market Service announced on the 27th that it received the Presidential Citation in the group category at the '29th Small and Medium Venture Business Financial Support Merit Awards Ceremony.'

Hosted by the Ministry of SMEs and Startups, the 'Small and Medium Venture Business Financial Support Merit Awards Ceremony' is now in its 29th year. The event awards government and institutional honors to individuals and groups who have made significant contributions to boosting the morale of financial institution employees and promoting financial support for small and medium venture businesses.

On the 26th, at the Small and Medium Business DMC Tower in Seoul, the Small Enterprise and Market Service received the Presidential Citation in the group category at the "29th Small and Medium Venture Business Financial Support Merit Awards Ceremony." Photo by Small Enterprise and Market Service

SEMAS was highly evaluated for operating over 3 trillion won in policy fund loans annually, contributing to the growth, management stability, and recovery support of small business owners.

In particular, in 2024, as part of the comprehensive measures for small business owners and self-employed individuals, efforts were focused on alleviating the financial burden and stabilizing management of vulnerable small business owners through ▲extension of loan repayment periods ▲refinancing high-interest loans with low-interest loans ▲loans for low-credit small business owners.

To improve accessibility and convenience of small business policy funds, similar funds were consolidated into three types (startup, growth, recovery) according to the life cycle of small business owners. Additionally, by consulting with related organizations, the scope of debt adjustment targets was expanded, actively leading the preparation of support measures from the demanders' perspective.

Park Seong-hyo, Director of SEMAS, stated, “We were able to receive the Presidential Citation because all employees of the corporation united and worked hard for the stability and growth of small business owners.” He added, “We will continue to listen to voices from the field and strive to be a strong partner for small business owners.”

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