Busan Chamber, Kamco to hold joint SME support seminar

The Busan Chamber of Commerce and Industry announced Thursday that it will co-host a "visiting corporate support project briefing" with Korea Asset Management Corp. (Kamco) on Wednesday at the Busan Chamber to help local small and medium-sized enterprises overcome management difficulties and strengthen competitiveness.

The event will bring together policy finance and corporate support agencies — including the Busan Chamber, Kamco, the Korea Credit Guarantee Fund, the Korea SMEs and Startups Agency and the Business Restructuring Comprehensive Support Center — to introduce support programs tailored to each company's management situation and growth stage, and to provide practical information on application requirements and procedures.

The seminar was organized to assist local businesses struggling with prolonged high interest rates and an economic slowdown. It will present key support programs — including policy finance and business restructuring schemes — in one place, and offer one-on-one consultations to guide companies on how to make the best use of available options.

The Busan Chamber's Southeast Region Business Restructuring Field Support Center plans to explain the business restructuring approval system, which helps companies improve their fundamentals and enter new business areas, along with ways to take advantage of related incentives. The center will also introduce success stories of companies in the southeast region — traditionally centered on legacy manufacturing such as internal combustion engine parts — that have pivoted to high-value-added industries such as future mobility, nuclear power and eco-friendly energy, or have transformed their operations through AI and digital technology.

At one-on-one consultation booths, center staff will meet individually with companies considering business restructuring. Participants can receive guidance on approval procedures and preparation requirements, as well as the support benefits applicable to their specific business plans.

"We joined forces with Korea Asset Management Corp. to provide practical policy finance and structural improvement support in one place for local businesses going through a difficult period of high interest rates and economic slowdown," a Busan Chamber official said. "We will continue to expand tailored support for business restructuring and renewed growth among regional companies, centered on the Southeast Region Business Restructuring Field Support Center."