Chungbuk Moves to Boost SME Cooperative Support and Business Competitiveness

Chungbuk Province will support the revitalization of SME cooperatives, organizations designed to promote collaboration among small and midsize businesses. According to a Yonhap News report from Cheongju, the province is moving away from support policies centered only on individual companies and toward strengthening cooperative structures among SMEs. SME cooperatives can help member firms address challenges that are difficult to handle alone, linking the policy to stronger regional business competitiveness. The support is expected to focus on encouraging collaboration between SMEs and improving their capacity for joint responses. Source: yna.co.kr