The Chungnam Credit Guarantee Foundation and the Korea Asset Management Corporation have joined forces to support the growth of small businesses.
The Chungnam Credit Guarantee Foundation said Thursday it had signed a business agreement for the "Our Store Growth Stepping Stone Project" with the Daejeon-Chungnam Regional Headquarters of the Korea Asset Management Corporation (KAMCO) and the Local Bridge Social Economy Research Institute on the 13th.
Under the agreement, the Chungnam foundation will use donations from KAMCO to help small business owners in South Chungcheong Province purchase items needed for management improvement. The beneficiaries will be selected based on comprehensive factors including the results of management consulting.
The three organizations agreed to: establish an organic cooperation system for the growth and development of small businesses; share the results of management consulting and the diligence of participating businesses; promote support for management improvement items for small businesses; discover and publicize best practices; and cooperate jointly to revitalize the regional economy.
The agreement is particularly meaningful in that it goes beyond simply providing goods, instead linking support tailored to the actual needs of each business based on management consulting results.
"We aim to closely examine the management conditions of local small business owners and connect them with the support they actually need," said Cho So-haeng, chairman of the Chungnam Credit Guarantee Foundation.
