SME Community: "Han Sung-sook Is the Right Person to Lead Growth for All... Welcomes Nomination"

"Efforts Made in Digital Transformation and Addressing Unfair Practices"

The small and medium-sized business community has expressed its welcome for Han Sung-sook, Minister of SMEs and Startups, being nominated as the next Prime Minister candidate.

Han Sung-sook, Minister of SMEs and Startups, nominated as the new Prime Minister candidate. Photo by Yonhap News Agency

On June 7, the Korea Federation of SMEs issued an official statement, saying, "Candidate Han has led the AI and digital transformation of small and medium-sized enterprises (SMEs) and small business owners, based on her experience in the IT industry. She established new AI support programs by industry for SMEs that face difficulties responding individually, and restored the basic budget for smart factories, thereby laying the groundwork for SMEs to advance with AI from data collection to digital sophistication."

The statement continued, "She included energy costs in the scope of the supply price indexation system, introduced the Win-Win Financial Index for SMEs to foster a cooperative environment, and implemented the Korean-style evidence disclosure system to prevent technology theft, making efforts to address unfair practices."

The Federation added, "Given that Candidate Han has worked in the field and communicated closely with SMEs and small business owners for the growth of the people's livelihoods, we believe she is the right person to overcome the three major challenges of polarization, high interest rates, high inflation, and high exchange rates, and to lead growth for all. We have high expectations that she will continue to serve as a direct channel of communication for the SME community going forward."

This content was produced with the assistance of AI translation services.