"SME Cooperatives Must Establish Themselves as Leading Collaboration Models to Overcome Regional Extinction"

Korea Federation of SMEs Holds First 2025 Meeting of the Special Committee on Revitalization of Local Cooperatives

The Korea Federation of SMEs announced on the 21st that it held the first 'Special Committee on Revitalization of Local Cooperatives' meeting of 2025 at the Federation's Yeouido office. This committee was launched in 2023 to strengthen the support system for SME cooperatives in metropolitan and basic local governments in the era of decentralization, and to promote regional economic revitalization through the expanded role of local cooperatives.

At the meeting, the committee shared the achievements of local cooperative revitalization in 2024 and discussed the upcoming 4th three-year plan for cooperative revitalization and measures to ease regulations on cooperative establishment planned for this year.

Kim Young-seok, Chair of the Special Committee on Revitalization of Local Cooperatives, stated, “Since the committee's launch, ordinances supporting the fostering of SME cooperatives have been enacted in 103 basic local governments nationwide, and the establishment of local cooperatives has increased, showing tangible results. We will continue to actively strive to establish SME cooperatives as a representative collaboration model capable of overcoming the crisis of local extinction.”

This content was produced with the assistance of AI translation services.