[Asia Economy Reporter Junhyung Lee] The small business sector expressed hope that Kwon Chil-seung, a member of the Democratic Party of Korea, who has been nominated as the Minister of SMEs and Startups, will play the role of a savior.
On the 20th, the Korea Federation of Micro Enterprise Associations stated in a commentary, "Candidate Kwon Chil-seung has worked to improve the rights and resolve difficulties of small and medium enterprises and small business owners."
They also described him as "the key figure who accelerated discussions on compensation for losses suffered by small business owners struggling due to the COVID-19 pandemic earlier this year."
The Federation urged Candidate Kwon, saying, "Please vigorously promote compensation plans for business losses and expansion of policy funds for small business owners affected by COVID-19," and added, "We hope you will take the lead in strengthening the social safety net for small business owners through the preparation of follow-up legislation to the Small Business Basic Act."
They continued, "Please lead the protocol economy development strategy being promoted by the Ministry of SMEs and Startups with substance and achieve results in supporting the digital transformation of small business owners," and added, "We expect you to play the role of a savior who can provide hope to small business owners by implementing policies grounded in field experience."
Earlier that morning, Park Young-sun, the Minister of SMEs and Startups, tendered her resignation. President Moon Jae-in appointed Candidate Kwon Chil-seung as her successor.
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