Ministry of SMEs and Startups Launches Dedicated Vice Minister for Small Business Owners... Win-Win Cooperation Policy Bureau Elevated

Small Business Policy Office and Win-Win Cooperation Policy Bureau under the Second Vice Minister
Office of Win-Win Cooperation Policy elevated to Bureau level
Office of Small Business Management Stability Support becomes a permanent organization

With the government’s organizational restructuring, the Ministry of SMEs and Startups will establish a new vice minister dedicated to small business owners and elevate the existing Office of Win-Win Cooperation Policy to a bureau-level organization. Through this reorganization, the support functions for small business owners and the cooperation between large and small-to-medium-sized enterprises within the ministry are expected to be further strengthened.

According to the revised Government Organization Act announced on October 1, the Ministry of SMEs and Startups will now have a First Vice Minister in charge of policies for SMEs and startups, and a Second Vice Minister dedicated to small business owners and win-win cooperation. The Operations Support Division, SME Policy Office, and Startup and Venture Innovation Office will remain under the First Vice Minister, while the existing Small Business Policy Office and the newly established Win-Win Cooperation Policy Bureau will be placed under the Second Vice Minister.

Sung-Sook Han, Minister of the Ministry of SMEs and Startups, visited the alley-type shopping district specializing in food in Seonhak-dong, Incheon, on September 29, touring the commercial area and communicating with merchants. Ministry of SMEs and Startups

The Win-Win Cooperation Policy Bureau is an upgraded organization, previously the Office of Win-Win Cooperation Policy under the Small Business Policy Office. It will serve as a dedicated control tower to support balanced growth between large corporations and SMEs. Its responsibilities will include investigating the actual conditions of consignment and commission transactions, mediating disputes, and coordinating and supporting work with related organizations such as the Committee for Shared Growth and the Foundation for Cooperation between Large, Small and Medium Enterprises, and Agriculture and Fisheries.

The Small Business Management Stability Support Team, which was temporarily established in January, will be converted into a regular organization as the Office of Small Business Management Stability Support. The Small Business Management Stability Division, formerly within the support team, will be renamed the Small Business Management Stability Policy Division, and the Small Business Loss Compensation Division will become the Small Business Management Stability Support Division, providing continuous support for small business owners.

Previously, the Ministry of the Interior and Safety explained the purpose of the restructuring, stating, “In the current economic crisis, it is necessary to enhance the survival prospects of small business owners and establish a systematic policy support framework.”

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