“Govt. Officials Need to Change Mindset in Supporting SMEs”
Rep. Lee Hyun-jae, the architect of the new government’ s blueprint for supporting SMEs
Rep. Lee -jae
The main thrust of the Park Geun-hye
government’ s policies on small and medium enterprises (SMEs) is to let SMEs
climb the ladder of growth, to offer support tailored to satisfy their needs,
and to enable globalization, said Rep. Lee Hyun-jae of the ruling Saenuri
Rep. Lee, former administrator of the Small
& Medium Business Administration, drew up the blueprint for the new
government’ s policies toward SMEs while serving as the chief of
President-elect Park’ s transition team’ s 2nd economic subcommittee. Elected
as a lawmaker of the 19th Parliament from Hanam City in the 2012 general
election, Kim now sits on the National Assembly Knowledge Economy Committee.
He said, “The foremost thing involving
policies is direction and continuity. In this vein, the Park Geun-hye
government’ s policies toward SMEs make a difference compared with the previous
ones.” He said the new government decided on a double-post economic axis
structure of large-sized companies and SMEs, shifting from a focus on
large-sized companies, and one of the key polices for SMEs is to pave the way
for smaller firms to become mid-sized stars and continue to grow into
large-sized companies with a competitive edge. To do so, he said, it is
essential to protect SMEs from large-sized companies’ infringements and provide support to SMEs so that they can
secure competitiveness. Rep. Kim noted that the new government will carry out
these policies consistently and without fail.
“Psy, the singer of “Gangnam Style,” has
become a sensation thanks to a government department supporting him, so the
government has to lay the groundwork to help SMEs evolve into word-class stars
by helping them realize and demonstrate their dreams and talents, as Psy has
done,” he said. Rep. Lee stressed that the government has come up with steps to
strengthen punitive damages lest SMEs crumble in their initial stages at the
hands of the existing conglomerates and to allow SME cooperatives to negotiate
subcontractors’ unit prices on
behalf of each smaller company.
Arbitrating conglomerates’ intrusions into business areas reserved
for SMEs within two months and ordering business suspension in case large-sized
firms infringe on the turf of mom and pop shops are unprecedented steps, he
Rep. Lee noted that working-level
government officials will have to live up to President Park’ s willingness to
implement policies favoring SMEs. All government officials from the Small &
Medium Business Administration, the Financial Services Commission, the Ministry
of Industry, Commerce and Resources, the Ministry of Land and Transport, and
the Fair Trade Commission will have to hold frequent meetings with SME
businessmen and listen to their voices on what problems and woes they are
confronted with and on how best to solve them.
Now that the transition team has already
set the direction of policies toward SMEs, he said, he will do his utmost in
helping the National Assembly legislate the SME policies. He said he will play
leading roles in submitting as many proposals related to SMEs to the parliament
Meanwhile, Rep. Lee held a session to give
briefings on his parliamentary activities to his constituents in Hanam,
Gyeonggi-do, on March 9.
The session covered Rep. Lee’ s
parliamentary activities in 2012, his job as the chief of President-elect Park’
s transition team’ s 2nd economic subcommittee, the progress on the president’
s election pledges, and future plans.
Rep. Lee Hyun-jae, (at the rostrum), chief of President-elect Park’s transit team’s 2nd economic subcommittee, announces the new government’s policies on ushering an era of people’s happiness and hope.
Rep. Lee specified the relocation of a
combined cycle power plant in the Misa District, an increase in government
support for the planned extension of Seoul subway line 5 to Hanam City, and the
securing of 7.1 billion won for the implementation of such projects as the
modernization of the traditional Shinjang and Deokpung markets.
[ Photots on courtesy of Rep. Lee Hyun-jae’s Office]