Jungjin-gong Holds 1st Internal Control Committee Meeting of 2025

"Enhancing Public Trust
by Securing Public Accountability"

The Small and Medium Business Corporation announced on the 15th that it held the first Internal Control Committee meeting of 2025 at its headquarters in Jinju, Gyeongnam.

The Internal Control Committee of the Small and Medium Business Corporation is a deliberative and decision-making body composed of a total of 10 members, including Chairman Kang Seok-jin, Vice Chairman Lee Byung-chul, heads of major departments, and external experts on internal control.

Small and Medium Business Corporation

This meeting was held to establish the "2025 Internal Control System Promotion Plan of the Small and Medium Business Corporation" by reflecting government policy directions, the corporation's management strategies, and analysis results from external advisory institutions to enhance the sustainability and public trust of the corporation.

Under the internal control vision of "KOSME trusted by the public through securing public accountability," the corporation prepared four major promotion strategies: ▲advancing the internal control environment through the refinement of internal control governance ▲strengthening field-centered control functions considering the characteristics of the institution ▲raising awareness and improving recognition of internal control stakeholders ▲carrying out risk reduction activities based on participation from all departments.

The corporation plans to pursue 12 strategic tasks and 23 detailed implementation tasks across the organization to achieve key performance indicators (KPIs) such as acquiring ISO37001 (Anti-Corruption Management System) and ISO37301 (Compliance Management System) certifications, zero fraudulent acts in key management areas, and improvements in internal control awareness and quality indices.

At the meeting, the "2025 Anti-Corruption and Integrity Policy Promotion Plan of the Small and Medium Business Corporation" was also approved to prevent corruption and lead integrity management. The plan focuses on ensuring transparency in budget and accounting operations, enhancing fairness in policy fund execution, and promoting anti-corruption systems.

Chairman Kang said, "Internal control and anti-corruption integrity are key elements for proactive risk response in public institutions," adding, "We will continue to advance the internal control system to become an institution more trusted by the public."