On the 19th, economic-related organizations and representatives of small and medium enterprises in Geumcheon-gu discuss measures to revitalize the local economy, including corporate support... Introduction of support systems by institution and listening to corporate difficulties
Yuseong Hoon, Mayor of Geumcheon District (right in the photo), visited a cosmetics manufacturing company located in Gasan-dong, Geumcheon District on the 19th to listen to the company's difficulties.
[Asia Economy Reporter Park Jong-il] Geumcheon-gu (Mayor Yu Seong-hoon) held a corporate support countermeasure meeting on the 19th at 3 p.m. in the small conference room of Geumcheon-gu Office to revitalize the local economy, which has been stagnated due to the spread of COVID-19. Representatives from economic-related organizations and small and medium-sized enterprises (SMEs) attended the meeting.
At the meeting, attendees included Geumcheon-gu Mayor Yu Seong-hoon, Chae Mu-seok, Head of the Seoul Regional Headquarters of the Small and Medium Business Corporation, Lee Hyun-joo, Director of the Guro Customs Business Center, Koo Ja-gyeon, Branch Manager of the Seoul Credit Guarantee Foundation Geumcheon Branch, Kim Yang-gyu, Head of the Korea Trade Insurance Corporation Guro Digital Branch, and representatives from five companies in Geumcheon-gu facing management difficulties due to COVID-19.
At this meeting, Geumcheon-gu and related organizations introduced various systems to support companies affected by COVID-19 according to each institution.
In particular, the district has been operating five COVID-19 damage reception desks since the 17th at the District Office’s Local Economy Division, G-Valley Corporate Support Center, and Corporate Citizen Hall to support SMEs struggling due to COVID-19. They explained financial support including loans from a 4 billion KRW fund for SME development and funding linked with the Small and Medium Business Corporation, the Korea Inclusive Finance Agency, and the Seoul Credit Guarantee Foundation.
Additionally, plans to revitalize the local economy were announced, including early execution of public purchase budgets for products from SMEs and social economy enterprises, a temporary increase in the discount rate of G-Valley Love Gift Certificates to promote traditional market use, support linking welfare center meal ingredient purchases with traditional markets in the region, and expanded closure days for in-house cafeterias to activate nearby commercial districts.
The company representatives attending the meeting shared on-site voices about difficulties faced by import-export companies dealing with China, such as delays in raw material supply, paralysis of logistics systems, and delays in client production due to COVID-19, and requested, “We ask that various related organizations centered on Geumcheon-gu work together to help SMEs overcome this crisis.”
In response, Chae Mu-seok, Head of the Seoul Regional Headquarters of the Small and Medium Business Corporation, said, “We will actively cooperate with Geumcheon-gu Office and related organizations to enable SMEs to overcome the crisis through prompt policy support and to revitalize the domestic economy again.”
Geumcheon-gu Mayor Yu Seong-hoon stated, “Due to COVID-19, not only companies but also local commercial districts and the regional economy have been greatly stagnated. Through close cooperation with related organizations gathered here, Geumcheon-gu will take the lead in recovering the local economy and resolving business difficulties.”
After the meeting, Mayor Yu Seong-hoon visited a cosmetics manufacturing company located in Gasan-dong, Geumcheon-gu, to listen to the company’s difficulties such as market development.
Geumcheon-gu Office Local Economy Division (☏2627-1308)
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