[ARIRANG NEWS] Moon vows to nuture SMEs as main players of post-virus economy | South Korea News – KoreaAgain

[ARIRANG NEWS] Moon vows to nuture SMEs as main players of post-virus economy | South Korea News – KoreaAgain

문대통령 “중기•벤처를 디지털경제 주역으로…위기 중소기업 지원 강화”

President Moon-jae-in pledged grater support for local SMEs and start-ups so that they can become key players in the post-pandemic economy.
The comments were made during a weekly Cabinet meeting.
He highlighted that these groups have been at the forefront of efforts to rekindle economic hope by keeping up exports of products related to anti-virus measures.
We will foster a system that can assess crises in a timely manner and provide customized support swiftly. We will also strengthen emergency funding support for SMEs hit hard by the coronavirus and nurture a system that supports and speeds up the transition to new, promising industries.
The government’s three-year plan to nurture SMEs,… unveiled today calls for speedy digitalization of these enterprises, provision of customized support… and expanding the safety net to overcome COVID-19.
Included in the plan is the creation of a five billion dollar “smart fund” by 2025, geared toward investment in non-contact, bio and Green New Deal sectors.
South Korea also plans to create 300 smart factories that use 5G and AI in two years.

2020-10-06, 22:00 (KST)

#economy #SouthKorea SMEs

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