The Ministry of SMEs and Startups announced the establishment of the Small Business Marketing Promotion Corporation, which will merge the Korea Small Business Distribution Center (Han Yu-won) and Public Home Shopping.
On September 8, the ministry stated that this initiative is part of the government’s plan for public institution reform announced on September 3.
The ministry aims to consolidate similar functions previously operated by both institutions, such as discovering promising small business products and supporting their commercialization.
Additionally, the ministry plans to create a tailored distribution and marketing support system for small businesses, linking online and offline sales channels to facilitate product discovery, market access, and sales.
The ministry will also integrate the Korea Startup Incubation Association into the Startup Promotion Agency, connecting the on-site incubation functions of 248 startup incubation centers across the country with the agency's startup support programs. Collaboration with regional startup support hubs, including 17 Creative Economy Innovation Centers, will be strengthened.
This initiative aims to foster an ecosystem for the 'Everyone's Startup Project,' enabling anyone to pursue entrepreneurship anywhere in the country.
The Small and Medium Business Research Institute will be transferred to the Economic and Social Research Council under the Office for Government Policy Coordination. After the transfer, the institute will continue to conduct policy research projects for the ministry while collaborating with research institutions under the council in areas such as business ecosystems, finance, employment, and regional development.
Furthermore, the ministry will transfer the Comprehensive Support Center for Disabled Enterprises to the Korea Employment Agency for the Disabled under the Ministry of Employment and Labor. Three facility management subsidiaries, including Kibo Mate, Jungjin Partners, and Han Yu-won Partners, will be consolidated into a company tentatively named 'Small and Medium Venture Management Corporation.'
The Small and Medium Business Certification Institute, the Korea Industry-Academic Cooperation Association, and the Comprehensive Support Center for Women Entrepreneurs will resolve public institution designation requirements to enhance operational flexibility and encourage collaboration with the private sector.
The ministry plans to gather opinions from relevant departments, public institutions, and labor unions to refine the reform plans for each institution and pursue necessary amendments to related laws.
On September 8, the ministry stated that this initiative is part of the government’s plan for public institution reform announced on September 3.
The ministry aims to consolidate similar functions previously operated by both institutions, such as discovering promising small business products and supporting their commercialization.
Additionally, the ministry plans to create a tailored distribution and marketing support system for small businesses, linking online and offline sales channels to facilitate product discovery, market access, and sales.
The ministry will also integrate the Korea Startup Incubation Association into the Startup Promotion Agency, connecting the on-site incubation functions of 248 startup incubation centers across the country with the agency's startup support programs. Collaboration with regional startup support hubs, including 17 Creative Economy Innovation Centers, will be strengthened.
This initiative aims to foster an ecosystem for the 'Everyone's Startup Project,' enabling anyone to pursue entrepreneurship anywhere in the country.
The Small and Medium Business Research Institute will be transferred to the Economic and Social Research Council under the Office for Government Policy Coordination. After the transfer, the institute will continue to conduct policy research projects for the ministry while collaborating with research institutions under the council in areas such as business ecosystems, finance, employment, and regional development.
Furthermore, the ministry will transfer the Comprehensive Support Center for Disabled Enterprises to the Korea Employment Agency for the Disabled under the Ministry of Employment and Labor. Three facility management subsidiaries, including Kibo Mate, Jungjin Partners, and Han Yu-won Partners, will be consolidated into a company tentatively named 'Small and Medium Venture Management Corporation.'
The Small and Medium Business Certification Institute, the Korea Industry-Academic Cooperation Association, and the Comprehensive Support Center for Women Entrepreneurs will resolve public institution designation requirements to enhance operational flexibility and encourage collaboration with the private sector.
The ministry plans to gather opinions from relevant departments, public institutions, and labor unions to refine the reform plans for each institution and pursue necessary amendments to related laws.
* This article has been translated by AI.
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