The Korea Federation of Small and Medium Enterprises said on the 15th it held the "Korea Federation of Small and Medium Enterprises·Democratic Party of Korea town hall meeting on legislative tasks for small and medium-sized enterprises" at its headquarters in Yeouido, Seoul.
The town hall meeting was held to share the follow-up results of the "meeting between Jung Chung-rae, leader of the Democratic Party of Korea, and small and medium-sized businesspeople" on Sept. 9 and to discuss legislative tasks related to SME issues.
Kim Ki-moon, president of the Korea Federation of Small and Medium Enterprises, said, "As a result of the Democratic Party's efforts in the last regular National Assembly, the revision of the Win-Win Cooperation Act passed, achieving meaningful results such as expanding the scope of the price linkage system for supply payments and introducing the win-win finance index," adding, "In this administration, regulations on small and medium-sized enterprises must be clearly improved, and the Democratic Party should support legislation so that regional economies can revive."
The SME community, under the themes of investment promotion, regulatory innovation, and growth support, proposed: ▲ making venture and startup investment mandatory for 67 statutory funds ▲ linking the Public Growth Fund and the KOSDAQ activation fund ▲ creating a secondary fund dedicated to AC investment ▲ introducing a text and data mining (TDM) safe harbor to improve AI data regulations ▲ institutional improvements to develop customer-based financial AI services ▲ expanding the scope of innovation-type R&D tax credit.
From the Democratic Party of Korea, attendees included leader Jung Chung-rae; Han Jeong-ae, policy committee chair; Kwon Chil-seung, special committee chair on SMEs; Kim Won-i, secretary of the Trade, Industry, SMEs and Startups Committee; Rep. Kim Nam-geun; Commissioner Kim Dong-a; Spokesperson Kwon Hyang-yeop; and Chief of Staff Han Min-soo.
From the SME community, about 80 people attended, including President Kim Ki-moon; Kim Hak-kyun, head of the Korea Venture Capital Association; Kang Hwan-soo, head of the Korea Federation of SME Convergence; Song Byung-jun, head of the Venture Business Association; Seong Mi-suk, head of the Korea Women Entrepreneurs Association; Jeong Gwang-cheon, head of the INNOBIZ Association; Kim Myeong-jin, head of the Korea Association of Small Business Innovation; Jeon Hwa-seong, head of the Korea Startup Accelerators and Early Stage Investors Association (K-AIA); Kim Deok-jae, head of the Korea IT Business Women's Association; Lee Geun-ju, head of the Korea Fintech Industry Association (KORFIN); and chairs of industry-based SME cooperatives.