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.