Small Enterprise Association: "2026 SME Ministry Budget Focuses on Sustainable Growth for Small Businesses"
"Expected to Serve as a Catalyst for Economic Recovery"
The Small Enterprise Association (SEA) expressed its support for the 2026 budget plan for the Ministry of SMEs and Startups, which passed the National Assembly plenary session on December 2.
In a statement released on December 4, the SEA said that this budget plan "focuses on supporting small business owners to overcome crises and achieve sustainable growth through digital transformation amid challenging economic conditions."
The SEA particularly praised the budget for strengthening the social safety net for small business owners, an issue it has consistently emphasized. The association stated, "The provision of policy funds amounting to approximately 3.36 trillion won and the expansion of the Hope Return Package to around 300 billion won-an increase of about 60 billion won compared to the previous year-will serve as an important foundation for stabilizing small business management and supporting business recovery."
Regarding the increased investment to enhance the digital competitiveness of small businesses, the SEA commented, "This is an essential measure to secure the future competitiveness of small businesses in line with current trends." The association added, "It is highly innovative that the government budget has expanded the eligibility for the Youth Future Savings Preferential Program to include micro-business owners. This move offers new hope to young small business owners who had previously been excluded from such policies, which were limited to newly hired employees at SMEs."
Hot Picks Today
At President Lee's Call to "Give Enough to Shock," Whistleblower Rewards Become a Real Lottery
- "If Both Spouses Work There, How Much Would They Make?" "They Earn More Than Me, and I'm a Doctor"... Envy Erupts Over Samsung Electronics' Bonus
- Lived as Family for Over 30 Years... Daughter-in-Law Cast Aside After Husband's Death
- Calls for Conservative Unification in Busan Buk-gu Gap Grow Within People Power Party... Park Minshik Shaves Head, Rejects "Han Donghun Unification Fantasy"
- "Who Is Visiting Japan These Days?" The Once-Crowded Tourist Spots Empty Out... What's Happening?
Finally, the SEA stated, "We hope the finalized budget will serve as a catalyst for the real recovery of the people's livelihoods, and we urge the government to make every effort to ensure this. We also ask for greater attention and strengthened public-private cooperation so that no small business owner is left behind in policy implementation."
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
