Jo Okhyun, Jeonnam Provincial Council Member: "Customized Support for SME Development Funds"

Emphasizing the Advancement of the "Smart System" Through Analysis

On the 11th, during the 388th temporary session work report for the Small and Medium Business Job Economy Promotion Agency, Assembly Member Cho Okhyun (Democratic Party of Korea, Mokpo 2) emphasized the need for smart system support and regional and industry-specific analysis to advance the Small and Medium Business Development Fund.

The 'Small and Medium Business Development Fund' is a fund established to support the management stability and sound operation of small and medium businesses in the Jeonnam region. It aims to foster local SMEs tailored to regional characteristics and promote balanced development.

Jo Okhyun Jeonnam Provincial Assembly Member

Assembly Member Cho stated, "In order to operate the Small and Medium Business Development Fund as intended, it is essential to analyze the distribution of funds by region and industry," and stressed, "We must regularly analyze the current status of support to identify any regions or industries lacking assistance and prepare customized support policies by adjusting policies accordingly."

She added, "For the smart system for the Small and Medium Business Development Fund, which was established for the first time last year, it is necessary to assess the satisfaction and contributions of businesses after the system's implementation. We must thoroughly manage whether it has been practically helpful to businesses and if there are any areas for improvement," and requested, "The Small and Medium Business Job Economy Promotion Agency should fulfill its original role with 'customized policies' for companies going through difficult times."

Meanwhile, the total scale of loan support for the Small and Medium Business Development Fund in Jeonnam this year is 450 billion KRW, including 330 billion KRW in bank funds for rent, labor costs, and R&D expenses; 70 billion KRW in policy funds for facility investments such as factory expansion and equipment purchases; and 50 billion KRW in special management stabilization funds for SMEs using low-credit and high-interest products.

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