Moon vows to nuture SMEs as main players of post-virus economy
- 4 years ago
문대통령 "중기•벤처를 디지털경제 주역으로...위기 중소기업 지원 강화"
Support for South Korea's SMEs and venture start-ups so that they can become key players in the post-pandemic economy.
That's what President Moon Jae-in pledged during a weekly Cabinet meeting today... as SMEs have been at the forefront of the nation's 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 the next two years.
Support for South Korea's SMEs and venture start-ups so that they can become key players in the post-pandemic economy.
That's what President Moon Jae-in pledged during a weekly Cabinet meeting today... as SMEs have been at the forefront of the nation's 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 the next two years.