The Ministry of SMEs and Startups said on the 16th that it held a "large and small businesses co-prosperity growth policy roundtable" with small and midsize business associations at the Korea Chamber of Commerce and Industry in Jung-gu, Seoul, chaired by Minister Han Seong-sook.
The roundtable was prepared as a follow-up to the "growth for all" strategy the government released on the 9th, to gather on-site feedback on the "large and small businesses co-prosperity growth strategy."
At the roundtable, participants discussed ways to spread large corporations' order and export performance to small and venture companies and to reduce damage to small companies from unfair transaction practices such as technology theft. There was also an opinion that the existing framework of co-prosperity cooperation centered on manufacturing conglomerates and partner small companies needs to be expanded to the broader corporate ecosystem, including platforms, finance, and regions.
Minister Han Seong-sook said, "The government has a firm commitment to shift from 'conglomerate-centered growth' to 'growth for all,'" and added, "We will do our best to build a co-prosperity ecosystem so that conglomerates and small and venture companies can share the fruits of growth and grow and develop based on trust."
The government plans to release the "large and small businesses co-prosperity growth strategy," including the items discussed at the roundtable, at an economic ministers' meeting next week.