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Korea small business group KBIZ names new vice chairman

KBIZ
By Hui Ching-hoo   
January 4, 2022

South Korea’s industry group for small and medium enterprises has appointed Jeong Yoon-mo as executive vice chairman to replace Suh Seung-won, whose two-year term ended in December.

Jeong was previously chairman of the Korea Credit Technology Guarantee Fund, a quasi-government body that provides financing to local technology startups.

“Jeong has been in charge of SME policy for over 30 years and is a small- and medium-sized business expert…He has an outstanding passion for nurturing small and medium-sized enterprises and small business owners,” Kim Ki-mun, chairman of Korea Federation of SMEs, or KBIZ, says in a statement on December 31 announcing the appointment.

Jeong’s two-year term started January 1.

KBIZ was established in 1962 to safeguard the rights and interests of around 3.55 million SMEs in South Korea.