The Small Business Policy Association officially launched on the 27th. The association aims to build a sustainable, virtuous-cycle ecosystem for micro businesses.
The association held a founding general meeting at the Korea Federation of Small and Medium Enterprises and declared its establishment that day. Lee Jeong-hee, a professor in the Department of Economics at Chung-Ang University, was elected as the first president. The term is two years. Lee is an expert in small venture and distribution, having served as president of the Korea Distribution Association and the Korea Small Business Association.
The preparatory committee for establishing the Small Business Policy Association presented the association's vision. The committee said it would systematically study the field of micro businesses to strengthen self-sustainability and collaborative competitiveness. It added that it would draw practical and policy implications to help create a sustainable, virtuous-cycle ecosystem under a fair-competition environment.
At the event, congratulatory remarks from figures across sectors followed greetings from Han Jeong-hwa, chair of the Korea Entrepreneurship Foundation, who served as head of the preparatory committee. Lawmakers Lee Cheol-gyu, Min Byeong-deok, Kim Nam-geun, Oh Se-hee and Song Jae-bong, as well as Lee Byeong-gweon, second vice minister of the Ministry of SMEs and Startups, Nam Dong-il, vice chair of the Korea Fair Trade Commission, Oh Gi-ung, standing vice chair of the Korea Federation of Small and Medium Enterprises, Song Chi-young, head of the Korea Federation of Micro Enterprise (KFME), In Tae-yeon, head of the Small Enterprise & Market Service (SEMAS), and Cho Ju-hyeon, head of the Korea SMEs & Startups Institute (KOSI), delivered congratulatory messages.