Recovery, Renewal, Resilience

In Korea, SMEs are being supported through national campaigns. Consumers are encouraged to purchase local products through drive-through stations. This supports local vendors selling their products direct to the consumer, and helps consumers who may be able to purchase items at lower prices due to lower overhead costs.

Corporate buyers are supported by government through virtual meetings to match buyers to supplier SMEs, in consultation with the Korea SMEs and Startups Agency and Korea International Trade Association. The government will hold virtual consultations online for 400 SMEs at least twice a month (total of 10 times), over the period of 4 months (April to July 2020). The government will invite 30-40 buyers from abroad and 30-50 SMEs per session to match corporate buyers to Korean SME providers. The government will also provide consultation and follow up measures.