Korea SMEs and Startups Agency (KOSME) strengthened its on-site management system to block "third-party undue interference" that occurs during the execution of policy funds in cooperation with the Korean National Police Agency.

On the 7th, field tour training is under way in the eastern region (Daegu) to prevent improper third-party involvement in policy funds./Courtesy of Korea SMEs and Startups Agency (KOSME)

Korea SMEs and Startups Agency (KOSME) said on the 15th that it began in Daegu and completed a recent tour schedule by conducting "policy fund third-party undue interference prevention training" for on-site inspection teams at regional headquarters and branches across the country, including Seoul and Daejeon.

The on-site inspection team is an organization operated to strengthen the on-site response system, including receiving and investigating reports by region and blocking illegal acts. It consists of Heads of Team and general managers in charge of policy funds at each regional headquarters and branch.

Korea SMEs and Startups Agency (KOSME) has continued preventive activities to block undue interference such as policy-fund brokers. However, as illegal methods have recently become increasingly sophisticated, the initial response capabilities of on-site personnel have grown more important. Accordingly, reflecting the investigative experience of the Korean National Police Agency, KOSME ran a practice-centered training program that included analyses of illegal-interference types, response measures based on actual investigative cases, and methods of securing evidence.

The training focused on enabling on-site personnel to detect warning signs early and respond quickly. Moving beyond theory, it shared real cases to raise the awareness of front-line practitioners.

A Korea SMEs and Startups Agency (KOSME) official said, "We will further enhance transparency in the execution of policy funds in cooperation with the Korean National Police Agency," adding, "We will continue to strengthen the role of on-site guardians so that well-intentioned small and midsize companies do not suffer damage from illegal brokers."

Korea SMEs and Startups Agency (KOSME) operates a "dedicated reporting center" at all times to eradicate third-party undue interference. If a suspected case of an illegal broker is found, it can be reported via the KOSME website, the policy fund call center, and the representative numbers of 34 regional headquarters and branches nationwide.

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