Explanation of Support Systems for SMEs and Mid-sized Companies
Response Strategies for the Automotive Industry, a Key Industry in the Daegu-Gyeongbuk Region
At the 'Daegu-Gyeongbuk Export Crisis Response Briefing' held by the Export-Import Bank of Korea on the 9th at the Daegu Trade Center, Wonkyun Lee, Head of the SME and Mid-sized Enterprise Finance Division at the bank (front podium in the photo), is delivering a greeting. Photo by Lee Wonkyun
The Export-Import Bank of Korea announced that it held a 'Joint Policy Finance Support System Briefing Session with Related Organizations' on the 9th for small and medium-sized enterprises (SMEs) and mid-sized companies located in the Daegu-Gyeongbuk region.
The briefing session, held at the Daegu Trade Center in Dong-gu, Daegu, was attended by about 60 participants, including officials from policy-related organizations such as the Export-Import Bank of Korea, the Korea International Trade Association, and the Korea Federation of Middle Market Enterprises, as well as employees from the bank's clients and member companies of related organizations.
During the session, the Export-Import Bank of Korea explained comprehensive policy finance support systems that cover both financial and non-financial aspects, including the main features of the Crisis Response Special Program, a support program for SMEs and mid-sized companies, as well as foreign exchange rate outlooks and foreign exchange risk management strategies.
In addition, an automotive industry expert from the Korea Institute for Industrial Economics and Trade was invited to provide a special lecture on the impact of recent changes in U.S. trade policy on the automotive industry, which is a key industry in the Daegu-Gyeongbuk region, and on strategies for responding to these changes.
In the Daegu-Gyeongbuk region, SMEs account for about 40% of total exports, which is a relatively high proportion, and the main export items are shifting from a traditional focus on polyester fabrics to automotive parts and secondary battery materials.
At the briefing session, Wonkyun Lee, Head of the SME and Mid-sized Enterprise Finance Division at the Export-Import Bank of Korea, said, "We will do our utmost to reflect the voices from the field in our financial support policies and to help local SMEs and mid-sized companies overcome their current crises, which are caused by recent export tariffs and the global economic downturn."
Meanwhile, starting with the Daegu-Gyeongbuk region, the Export-Import Bank of Korea plans to sequentially hold similar briefing sessions in other regions, including the Seoul metropolitan area, Chungcheong, and Honam. Through these sessions, the bank intends to listen to the difficulties faced by local companies and actively introduce its policy finance support systems.
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