KBIZ-Korea Federation of SMEs

History

current ~ 2020’s

Toward the SME renaissance

2023
- January
  
  New Year's Greetings Held by the Economic Community
2022
- May
  
  Held the 60th anniversary of the “Republic of Korea SME Conference”
2021
- December
  
  Yellow Umbrella has more than 1.5 million members and KRW 16 trillion won of funds
2020
- September
  
  Passed a bill to recognize cooperatives as SMEs
- May
  
  Established the Delivery Price Mediation Committee for Large and Small Businesses
- January
  
  Invested in “Toss Bank”, a specialized internet bank

2019’s ~ 2010’s

Small and Medium Businesses to Expand the World

2019
- December
  
  Acquisition of preliminary authorization for Internet banks
- September
  
  KBIZ Small and Medium Business Laboratory Opens
2018
- March
  
  Implementation of a guarantee system exclusively for joint purchase of raw materials
2016
- August
  
  Commencement of group standard certification work
- January
  
  Opened Vietnam branch office
2012
- July
  
  DMC Tower for Small and Medium Enterprises Completed
- May
  
  Launched the SME Guarantee Mutual Aid Association
- April
  
  Launched the SME Love Sharing Foundation
- January
  
  Launched “Home & Shopping”, a TV home shopping channel exclusively for SMEs

2010’s ~ 2000’s

Growth and Development of Small and Medium Businesses

2010
- December
  
  Completed the new Yeouido SME Center
2008
- April
  
  Established the Family Business Succession Support Center
2007
- September
  
  Launched the Small Enterprise and Small Business Owner Mutual Aid (the Yellow Umbrella)
- July
  
  Held the 1st SME Leaders Forum
2006
- April
  
  Changed the name to Korea Federation of Small and Medium Business (KBIZ)
- March
  
  Enacted the Large and Small Business Win-Win Cooperation Act
2004
- July
  
  Opening of Wonju Branch in Gangwon-do (currently 5 branches nationwide)
2003
- April
  
  Opened the Daegu Exhibition Center for SME Products

2000’s ~ 1990’s

Small and Medium Businesses Taking a Leap

1999
- August
  
  Launched the Product Liability (PL) Mutual Aid Association for SMEs
1997
- April
  
  Opened the Yongin Small Business HRD Center
1995
- October
  
  Established the Korea Business Bank
1994
- April
  
  The 1st SME of the Month Award
- January
  
  Enacted the Local SME Promotion Act
1993
- July
  
  Established the Korea Small Business Institute

1990’s ~ 1980’s

The Central Committee with the Miracle of the Han River

1987
- March
  
  Completed the Yeouido SME Center
1986
- May
  
  Enacted the Support for Small and Medium Enterprise Establishment Act
1985
- May
  
  Established the Manufacturing Subcontract Dispute Mediation Council
1984
- January
  
  Established the SME Mutual Aid Fund
1982
- December
  
  Implemented the Designation of Industry for SMEs
1981
- December
  
  Enacted the SME Product Purchase Promotion Act

1980’s ~ 1960’s

Establishment of the Korea Federation of Small and Medium Businesses

1974
- June
  
  Opened Daegu-Gyeongbuk Regional Headquarters (Currently, there are 13 regional headquarters nationwide)
1966
- December
  
  Enacted the Framework Act on Small and Medium Enterprises
1964
- May
  
  Held the 1st SME Conference
1962
- December
  
  Formalized the requirement to advance cooperatives
- May
  
  Established the Korea Federation of Small and Medium Business
1961
- December
  
  Enacted and implemented the Small and Medium Enterprise Cooperatives Act