The Ministry of SMEs and Industry to create a manufacturing innovation method…

Mid-term Minister Kwon Chil-seung is explaining this year's mid-term business report to reporters.
Mid-term Minister Kwon Chil-seung is explaining this year’s mid-term business report to reporters.

▲ The SME will create an additional KRW 1 trillion in’Smart Korea Fund’ this year to revitalize startups. In addition, the digitalization of small businesses, such as 100 digital traditional markets, 20,000 smart stores, and 800 smart supermarkets, will also be promoted in earnest. The Manufacturing Innovation Act is also enacted to systematically support smart manufacturing innovation.

On the 17th, the Ministry of SMEs and Startups (Ministry of Small and Medium Business) announced the ‘2021 business plan’ containing these details.

This year, ▲Small business management and recovery of business district ▲Fourcing ventures and start-ups into leading economies ▲Digitalization, low-carbonization, regional innovation ▲Win-win economy through solidarity and cooperation ▲Five key policies, including active administration focused on field and communication Establish and promote direction.

Small business management and recovery of commercial power

In order to support the urgent business stability of small business owners, 4.1 trillion won of support funds will be quickly paid, and 4 trillion won of special loans will be provided to relieve the burden of rent. In order to reduce the burden of closing small businesses and recover quickly, we will expand tax and legal advice and strengthen support in connection with the commercialization of employment and re-establishment.

In the case of tax and legal advice, it will increase from 3,000 last year to 4,000 this year. In addition, in order to revitalize the commercial district, which is a workplace for small businesses, it is also promoting the’Digital Commercial Renaissance’, which provides a package of digital specialized streets and online sales in one commercial area. One place this year and two next year will be selected. It will also promote the enactment of the Local Commercial Rights Act, the expansion of the issuance of Onnuri gift certificates, support for small business owners to enter the online mall, and support for sales channels incorporating the subscription economy.

Fostering innovative ventures and startups as leading economic players

K-projects such as K-non-face-to-face and K-unicorn are promoted to promote and accelerate growth of innovative ventures and start-ups in the digital and non-face-to-face field. In the case of K non-face-to-face, 1000 non-face-to-face innovative startups will be fostered by 2025.

One green startup town will also be created this year. After raising KRW 1.3 trillion last year, the Smart Korea Fund is raising an additional KRW 1 trillion this year. In particular, the Silicon Valley-style Venture Debt system will be newly established and promoted. In order to raise brand K awareness,’Flagship Stores will be newly established in Korea and abroad this year.

Establish a foundation for SME growth through digitalization, low carbonization, and regional innovation

An artificial intelligence manufacturing platform (KAMP) will be established without a hitch, and a manufacturing innovation law will be enacted to systematically support smart manufacturing innovation. In addition, 1,000 5G + artificial intelligence smart factories and 100 K smart lighthouse factories will be built by 2025 as a leading model for manufacturing innovation. In particular, a special law for decarbonization management was established for eco-friendly process innovation in chimney manufacturing plants, and a dedicated fund was established to strengthen financial support

Related laws will also be revised in the second half of the year so that entry into new business fields and productivity innovation are widely recognized as targets for business transformation. In connection with new regional flagship industries, we will focus on fostering 100 leading regional innovation companies along with the city, and discover and promote regional representative projects. Next month, a strategy for fostering and developing local value entrepreneurs (local creators) that combines ideas with the natural and cultural characteristics of the region will be prepared next month.

Spreading a win-win economy through solidarity and cooperation

In order to revitalize the cooperative profit-sharing system, the legal basis for incentive support for voluntary profit-sharing companies is prepared, and measures to improve the business coordination system suitable for livelihoods are prepared to enhance the effectiveness of protecting small and medium-sized businesses and small business areas. In addition, a new win-win cooperation fund will be raised by KRW 1 trillion (’21~’25).

We will also strengthen win-win cooperation in the field of general managers, such as fostering small managers in the eco-friendly field, and promote a win-win economy through solidarity and cooperation between economic actors. Core system of five major-star solver platforms to advance the’large-star solver platform’, a platform for startups to solve problems presented by large companies, and expand to a private-led and cooperative small and medium-sized venture, small business support system Construction is promoted in the first half. It also promotes the activation of the protocol economy that develops along with the platform.

Promote internal innovation of the SMEs, such as implementing active administration centered on field and communication

Through periodic communication with SMEs, ventures, and small business owners, 10 projects to apply the’National Recommendation System’ in which the general public recommends targets for support, including on-site and communication-oriented performance checks, such as the performance of support policies and confirmation of on-site settlement. To 15 this year.

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In addition, the Ministry of SMEs designates and operates’Casual Day’ in order to implement field-oriented policies and strengthen communication with the field. Employees of the SMEs directly visit the domestic and foreign policy sites twice a month to listen to the voices of the site.

Mid-Medium Minister Kwon Chil-seung said, “We will do our best for the’recovery’ and’leap’ experienced by SMEs, ventures and small business owners, such as the recovery of small business owners and the spread of the second venture boom into a leading economy led by SMEs, ventures and startups.” Said.





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