Federation of Small and Medium Business Holds 2nd Cooperative Revitalization Committee Meeting

Sharing Progress on Institutional Improvements
and Discussing Strategies for Cooperative Revitalization

The Federation of Small and Medium Business announced that on December 3, it held the "2025 2nd Cooperative Revitalization Committee" at the Korea Electric Industry Cooperative in Seongnam, Gyeonggi Province.

The committee meeting was attended by 12 members, including Chairman Chae Jeongmuk, President of the Korea Federation of Plastic Industry Cooperatives; Kim Bangsik, Chairman of the Korea Organic Fertilizer Industry Cooperative; and Moon Heebong, Chairman of the Korea Electric Industry Cooperative.

Seoul Yeouido Federation of Small and Medium Business. Federation of Small and Medium Business

During the meeting, the main progress of institutional improvements to revitalize cooperatives was reported, including the introduction of the cooperative consultation request right and the relaxation of cooperative establishment requirements. In addition, the committee held in-depth discussions on the key strategies of the "4th Three-Year Plan for the Revitalization of Small and Medium Business Cooperatives," which include: strengthening market responsiveness, jointly responding to environmental changes, enhancing export competitiveness, expanding the foundation of the regional economy, and improving cooperative systems.

The committee members also toured the Korea Electric Industry Cooperative's worksite, sharing updates on the cooperative's projects and operational know-how in areas such as technology development, workforce training, and securing sales channels.

Chairman Chae stated, "Revitalizing cooperatives is more important than ever to overcome the limitations of individual small and medium businesses and to strengthen their competitiveness," adding, "We will strive to promote relevant legal amendments, such as the introduction of the cooperative consultation request right and the relaxation of cooperative establishment requirements, as well as to ensure the successful implementation of the 4th Three-Year Plan for the Revitalization of Small and Medium Business Cooperatives."

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