Domestic Demand Expansion and Marketing Infrastructure Support
MSS encourages central & local governments, public corporations, and public institutions to preferentially consider SMEs for their procurement contracts. To this end, it implements a number of public purchase programs through quotas for SME products and competitions between SME vendors.
It also continues to expand the marketing infrastructure for SME products by operating home shopping sites for SMEs; developing joint brands for SME products; organizing purchase consultation sessions with larger distributors; and operating joint after-sale service centers.
In addition, it sets up stores for SME products at public buildings and major commercial areas with high consumer traffic and uses them as test beds, thus helping SMEs and venture companies with their sales strategies, design development, performance and quality improvement, and PR activities.
Outcome-Oriented Policy Loans
MSS provides long-term policy loans or funds for facility construction to promising SMEs which experience difficulties in securing funds from the private sector despite their technical expertise or business potential. In keeping up with the new government?셲 emphasis on job creation, it plans to help job-creating SMEs by giving loans first, returning interests, and lowering guarantee fees. It also limits the amount loaned to a single company so that the benefit of the loan programs can be enjoyed by as many companies as possible.
It also provides policy loans for different stages of growth, and offers better access to policy loans for social enterprises and micro-enterprises which create high-quality jobs by expanding loans and guarantees.
It also serves as a financial safety net for SMEs by providing timely assistance to those with managerial difficulties. For example, to prevent chain bankruptcies caused by losses from accounts receivable, it operates trade credit insurance.
Second Chances and Support for Re-startups
MSS implements various policies to reduce the cost of failure and reforms discriminatory systems that prevent SMEs from getting back on their feet.
First, it diagnoses the soundness of SMEs and provides assistance with rehabilitation and reorganization.
Second, it develops policies and offers consultation services and loans to ensure that SMEs can come back from possible failures through business conversion.
Third, it provides loans to SMEs for re-startup, and creates a social environment where experiences of failure can become precious assets for SMEs.
Lastly, it helps SMEs solve various issues, whether business or technical, with diagnoses and guidance from outside experts.
Lastly, it helps re-startus address various issues, whether business or technical, with diagnoses and guidance from outside experts.