Small and Medium Enterprises Development Authority on behalf of government has initiated coordination with Korea on a Knowledge-Sharing Program developed by Korea

Lahore, February 11, 2015 (PPI-OT): The Small and Medium Enterprises Development Authority (SMEDA), on behalf of the government of Pakistan, has initiated coordination with Korea on a Knowledge-Sharing Program developed by the Republic of Korea for socio-economic development of the partner countries including Pakistan. SMEDA CEO Mr. Alamgir Chaudhry received a two-member Korean delegation at SMEDA head office today to discuss joint projects relating to SME development and Entrepreneurs Policy.

The Korean team included Mr. Jong-Woon Kim, Director, CK Project APEC, Business Advisory Council/Associate Professor, Department of Global Business, Linton Global College, Hannam University and Mr. Doh Yousuk, Senior Analyst, SAMUONG-KPNG, Economic Research Institute, Korea. The CEO SMEDA was accompanied by Ms. Nadia Jahangir Seth, Head Policy and Planning Department and Mr. Sheharyar Tahir, Head External Relations Department of SMEDA on this occasion.

The Korean Team leader Mr. Jong-Woon, while exchanging his views with CEO SMEDA, told that the remedy to overcome the two major economic crises faced by Korea in the year 1997 and 2007 was found in development of the small enterprises. In this regard exclusive laws for development and protection of SMEs were derived followed by a rapid collaboration between all of the government ministries and agencies in favor of the SMEs, he said adding that a high level forum; “President Commission on SME Development” was evolved to ensure this coordination support of SMEs.

He offered to share Korean experience for SME development in Pakistan and proposed to continue a formal coordination with SMEDA in this regard. Earlier, CEO SMEDA Mr. Alamgir Chaudhry welcomed the delegation members and apprised them about the services and projects developed by SMEDA for support of SMEs in the country.

He told that besides developing a network of common facility centers for various sectors of SMEs across the country, SMEDA had also set up regional business centers in all major business cities of the country, which had so far been contacted by more than 66000 SMEs for seeking information and guidance for setting up news SMEs and expanding the old enterprises. He informed that majority of the contacting SMEs were interested to get support for access to finance and marketing.

This is to note that government of Republic of Korea initiated “Knowledge Sharing Program (KSP) in 2004 and Pakistan was made member to the program in 2010. The final report of the KSP was published in 2012 after a year-long consultations held between Korean and Pakistani experts.

SMEDA is now evolving joint projects out of KSP Report for facilitation of local SMEs. Besides, the visiting Korean delegation is being exposed by SMEDA to the major private and government trade bodies including LCCI, Foundry Service Center (FSC) and LUMS.

For more information, contact:
Liaqat Ali Gohar
DGM (Admin. and PR)
Small and Medium Enterprises Development Authority (SMEDA)
4th Floor, Building No. 3, Aiwan-e-Iqbal Complex,
Egerton Road, Lahore
Tel: +92-42-111-111-456
Fax: +92-42-36304926-7
Email: aligohar@smeda.org.pk, helpdesk@smeda.org.pk
Website: www.smeda.org.pk

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