The Ministry of SMEs and Startups said on the 29th it will hold a "public-private joint briefing" to help small and mid-sized companies respond to changes in the external trade environment.
The briefing was prepared to support SMEs' local market entry amid changes in the global trade environment and to strengthen their ability to manage risks related to tariff, exchange rates, and intellectual property (IP).
The briefing will be divided into two parts: the "joint private-bank U.S. investment strategy briefing" and the "briefing on responses to tariff, exchange rates, and intellectual property."
The joint private-bank U.S. investment strategy briefing will be co-hosted with Woori Bank on the 29th and with Shinhan Bank on the 21st of next month. It will analyze the recently changing U.S. investment environment, present local market entry strategies for SMEs, and offer one-on-one tailored consultations.
At the briefing on the 29th, Jipyong LLC and Samil PwC will explain legal reviews and tax strategies needed for U.S. entry. Then, on May 21, the U.S. Embassy and the Association of American State Offices in Korea (ASOK) will provide guidance on federal investment support programs, major state-by-state industrial environments, and entry strategies.
The briefing on responses to tariff, exchange rates, and intellectual property will be co-hosted with the Korean Intellectual Property Office and the Korea Customs Service, and organized by regional export support centers and the Korea Trade-Investment Promotion Agency (KOTRA). The briefing will provide practical information needed by export corporations, including ▲ response measures to U.S. tariff policy ▲ exchange risk management strategies ▲ cases of intellectual property infringement. Starting with the Changwon session on May 15, it will be held in five regions nationwide, including Incheon and Chuncheon.
Sim Jae-yun, director general for global growth policy at the Ministry of SMEs and Startups (MSS), said, "Uncertainty in the external environment is growing due to U.S. tariff policy and conflicts in the Middle East," adding, "We will strengthen public-private cooperation so SMEs can respond quickly to changes, and continuously provide global trend information through regional export support centers."