Korea Federation of Micro Enterprises Welcomes Han Seong-sook as Minister... Hopes for New Opportunities

"We Will Actively Support in the Private Sector"

The Korea Federation of Micro Enterprises expressed its expectations regarding the appointment of Han Seong-sook as Minister of SMEs and Startups, stating, "We hope she will pave new paths for micro-enterprises and create a foundation for their new growth."

Korea Federation of Micro Enterprise

On the 24th, through an official statement, the Federation said, "It is a timely policy that Minister Han emphasized the establishment of social and disaster safety nets for micro-enterprises as her top priority in her inaugural address," adding, "We expect Minister Han to open up new opportunities for micro-enterprises."

In particular, the Federation stated, "The nurturing of local commercial districts as regional hubs and the restoration of growth ladders for micro-enterprises can be interpreted as presenting a new growth strategy. Her promise to communicate with micro-enterprises as 'partners' rather than mere policy recipients, and to listen to voices from the field, is a source of great encouragement for micro-enterprises." The Federation continued, "We actively welcome her intention to overcome this unprecedented crisis through public-private cooperation, as demonstrated by her commitment to active on-site communication."

The Federation also emphasized, "Her focus on the 'policy delivery system' appears to reflect her determination to meticulously support even those micro-enterprises that are less informed due to trends of small scale and aging. The Federation will also actively provide support in the private sector."

They added, "We hope that Minister Han will also work to expand the budget and support for micro-enterprise organizations, such as by establishing a dedicated Second Vice Minister for micro-enterprises, and we look forward to her leadership in advancing the 'recovery and growth' as well as the 'genuine growth' of micro-enterprises."