On-site Meeting at Mullae-dong Small Business Cluster
Oh Young-joo, Minister of the Ministry of SMEs and Startups, promised active support by visiting small business owners engaged in the root industry.
On the 15th, Minister Oh visited the small business cluster in Mullae-dong, Seoul, listened to the difficulties faced by the industry and associations regarding the government's small business support policies, and encouraged the representatives and employees of small business companies such as Samhwa Laser.
Oh Young-joo, Minister of SMEs and Startups, is explaining the main policies of the Ministry at the 2024 Policy Direction Briefing held on the 11th at the Korea Federation of SMEs in Yeouido, Yeongdeungpo-gu, Seoul. Photo by Jo Yong-jun jun21@
This visit is the first step to hear voices from the field in order to reflect the difficulties of small business owners on urgent issues such as the Serious Accidents Punishment Act, digital transformation, carbon neutrality, and overseas expansion into small business policies.
The small business cluster district in Mullae-dong, Seoul, is the largest small business cluster in Korea, housing about 1,230 small business companies. It has maintained the foundation of the domestic root industry, mainly producing machinery and metal products.
Minister Oh Young-joo stated, “I was able to hear the valuable opinions of small business owners who form the foundation of Korea's manufacturing industry and experience the vivid reality on site,” and emphasized, “We will actively support small business owners to respond to changes in the external environment such as the enforcement of the Serious Accidents Punishment Act and the expansion of the global market.”
She added, “We plan to prepare the ‘3rd Urban Small Business Support Comprehensive Plan (2025-2027),’ a mid- to long-term plan for fostering small businesses, within this year, and we hope the industry will provide many opinions to create better policies.”
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