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🇰🇷 South Korea /Economy & Trade

SMBA Achieves Top 'Excellent' Rating in Public Institution Win-Win Growth Evaluation

From Hankyoreh · (7m ago) Korean Positive tone

Translated from Korean, summarized and contextualized by DistantNews.

TLDR

  • The Small and Medium Business Administration (SMBA) has achieved the highest rating of 'Excellent' for the first time in its history in the '2025 Public Institution Win-Win Growth Evaluation' hosted by the Ministry of SMEs and Startups.
  • This evaluation assesses public institutions' efforts and performance in fostering win-win growth and cooperation with small and medium-sized enterprises, with ratings ranging from 'Excellent' to 'Needs Improvement'.
  • SMBA was recognized for its continuous efforts to grow with SMEs and small business owners, particularly in areas like improving systems for re-employment support for closed businesses and expanding public procurement of SME products.

The Small and Medium Business Administration (SMBA) proudly announces its historic achievement of the 'Excellent' rating in the '2025 Public Institution Win-Win Growth Evaluation.' This recognition, awarded by the Ministry of SMEs and Startups, marks the first time the SMBA has reached the pinnacle of this prestigious assessment.

This evaluation is a critical measure of how public institutions contribute to the growth and cooperation with small and medium-sized enterprises (SMEs) and small business owners. The SMBA's success reflects its dedicated efforts to create a symbiotic ecosystem, moving up a notch from its previous performance.

This 'Excellent' rating is the result of the collective efforts of all SMBA employees to support the sustainable growth of SMEs and small business owners.

— In Tae-yeonSMBA Administrator In Tae-yeon commenting on the achievement.

Key initiatives that earned SMBA high marks include systemic improvements aimed at supporting the re-employment and tax benefits for entrepreneurs whose businesses have closed. Furthermore, the agency's commitment to expanding public procurement of SME products and diversifying sales channels for these businesses has been instrumental in this achievement. These efforts underscore SMBA's dedication to social responsibility and its role in fostering a sustainable growth environment for its partners.

SMBA Administrator In Tae-yeon expressed his gratitude, stating, "This 'Excellent' rating is the result of the collective efforts of all SMBA employees to support the sustainable growth of SMEs and small business owners." He pledged to continue pursuing effective win-win growth policies to lead the creation of a cooperative ecosystem where SMEs and small business owners can thrive alongside the SMBA. The agency plans to further expand its win-win growth programs in collaboration with partner companies and local communities, reinforcing its commitment to ESG management and a culture of mutual growth.

We will continue to pursue effective win-win growth policies to lead the creation of a cooperative ecosystem where SMEs and small business owners can thrive alongside the SMBA.

— In Tae-yeonSMBA Administrator In Tae-yeon pledging future initiatives.
DistantNews Editorial

Originally published by Hankyoreh in Korean. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.

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