The small and medium-sized enterprise sector expressed its 'welcome' regarding the discussion of the possibility of resuming inter-Korean economic cooperation at the National Security Council (NSC) held on the 10th, presided over by President Lee Jae-myung.

A view of the Korea Federation of Small and Medium Enterprises in Yeouido, Seoul. /Courtesy of Korea Federation of Small and Medium Enterprises

The Korea Federation of Small and Medium Enterprises issued a statement on the 11th, stating, "The broad discussion of the possibility of resuming inter-Korean economic cooperation at the NSC is evaluated as showing the new government's strong will for establishing peace on the Korean Peninsula and normalizing inter-Korean relations," adding, "We hope that this NSC discussion will serve as an opportunity to reopen the Kaesong Industrial Complex as soon as possible."

In particular, the small and medium-sized enterprise sector noted, "The Kaesong Industrial Complex is a symbol of inter-Korean economic cooperation," stating that "the use of the same language and geographical proximity provide a conducive environment for small and medium-sized enterprises in terms of collaboration and production, rather than overseas expansion." They further said, "The small and medium-sized enterprise sector will actively cooperate with the government to resume and revitalize inter-Korean economic cooperation."

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