The Ministry of SMEs and Startups (MSS) and the Ministry of Foreign Affairs said on the 19th that they held the second policy council, reviewed support outcomes for small and venture corporations' global expansion, and discussed directions for cooperation in 2026.
At the meeting, officials from the Ministry of SMEs and Startups (MSS), the Ministry of Foreign Affairs, the Korea International Cooperation Agency (KOICA), the Korea SMEs and Startups Agency (KOSME), and the Korea Institute of Startup and Entrepreneurship Development (KISED) attended. Participants shared each institution's support outcomes this year for small and venture corporations expanding globally and discussed ways to strengthen practical support for on-the-ground corporate activities amid a changing global environment.
The two ministries shared the activities and plans of overseas missions to support small corporations' entry into promising overseas sectors such as K-beauty, bio, IT, and eco-friendly fields through the newly introduced Overseas Mission Collaboration Small and Venture Corporation Global Expansion Program this year.
They also focused on ways to use overseas missions as local hubs for cooperation and response to support small and venture corporations' global expansion and to strengthen policy and program linkages between the two ministries and related institutions. In particular, based on each institution's expertise and strengths, they agreed to divide roles and reinforce a collaboration structure centered on strategic cooperation models that reflect each mission's characteristics, such as designating K-beauty hub missions, to produce visible results.
They also agreed that in emergencies such as instability in overseas situations, overseas missions will handle understanding local conditions and consultations with relevant authorities, while the Ministry of SMEs and Startups (MSS) will review management and export-related support for affected corporations, thereby making inter-ministerial cooperation plans more concrete.
Park Jong-han, coordinator for economic diplomacy at the Ministry of Foreign Affairs, said, "Overseas missions are a core platform that pools the capabilities of our corporations and related public institutions in the field abroad," adding, "We will continue to strengthen cooperation among related institutions for more efficient and systematic support for small corporations."
Park Yong-sun, director general for small corporations policy at the Ministry of SMEs and Startups (MSS), said, "The inter-ministerial policy council is an important cooperation channel that supports the creation of global outcomes by small corporations and startups," adding, "We will expand tangible outcomes through field-centered cooperation."