The Korea Federation of Small and Medium Enterprises announced that it held a meeting on the 30th at KBIZ in Yeouido with Acting President Han Duck-soo to address regulations hindering the development of small and medium enterprises.
The meeting was attended by Acting President Han Duck-soo, Minister Oh Youngju of the Ministry of SMEs and Startups, and Deputy Director Nam Hyung-ki of the Office for Government Policy Coordination.
Representatives from the small and medium-sized enterprise sector, including KBIZ Chairman Kim Ki-moon, Korea Association of Machinery and Equipment Construction Chairman Jo In-ho, Korea Women Entrepreneurs Association Chairwoman Park Chang-sook, Korea Small Business Federation Chairman Song Chi-young, Korea Venture Capital Association Chairman Kim Hak-kyun, Korea Women Venture Association Chairwoman Sung Mi-sook, IT Women Entrepreneurs Association Chairwoman Kim Deok-jae, Innoviz Association Chairman Jung Kwan-cheon, and Korea Management Innovation Small Business Association Chairman Kim Myung-jin, among others, gathered with over 50 participants.
Businesspeople requested the expansion of the recognition scope for reshoring to respond to the restructuring of supply chains, improvements to the regulatory sandbox system, and the introduction of a regulatory jury to resolve regulatory conflicts.
Acting President Han Duck-soo noted his intention to listen to the difficulties faced by small and medium-sized enterprises and emphasized the need for ongoing regulatory innovation and close support centered on the field to secure industrial competitiveness.
Chairman Kim Ki-moon said, "I hope you will make efforts to resolve various regulations so we can overcome the difficult situation of complex political circumstances, labor issues such as the 52-hour work week, minimum wage, and the Serious Accidents Punishment Act, domestic economic stagnation due to a declining consumer population, and export difficulties arising from the U.S.-China trade war."