Small Enterprise and Market Service, Credit Union Federation "Join Hands" to Boost Support for Small Businesses

Cooperation on Refinancing Loans and Policy Promotion

The Small Enterprise and Market Service said on November 13 that it had signed a memorandum of understanding with the National Credit Union Federation of Korea on the morning of November 12 at the federation’s headquarters in Daejeon to promote shared values and revitalize local economies.

The agreement was designed to extend the foundation for cooperation built through the two organizations’ joint Traditional Market Win-Win Tour to support for small business owners more broadly.

The Small Enterprise and Market Service signed a memorandum of understanding with the National Credit Union Federation of Korea on the 12th to promote shared prosperity and revitalize local economies. Small Enterprise and Market Service

The main terms of the agreement include ▲expanding the Traditional Market Win-Win Tour ▲cooperating on financial support for small business owners, including refinancing loans ▲promoting policies and programs through the federation’s local organizations ▲jointly pursuing community service and consumption-boosting campaigns ▲sharing facilities and infrastructure held by the two organizations.

In Tae-yeon, chairman of the Small Enterprise and Market Service, said, "With this agreement, we will expand our cooperation beyond its existing focus on traditional markets to support for small business owners more broadly. We will also make use of the resources and nationwide networks of both organizations to continue pursuing a range of win-win initiatives that people can feel in their communities."

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