The government of South Korea is preparing a series of preventive measures to mitigate the potential economic impact of the prolonged conflict in the Middle East on small and medium-sized enterprises (SMEs), Minister for SMEs and Startups Han Seong-sook said.
In a statement posted on X, Han noted that authorities are closely monitoring developments in the region and are working to reduce possible disruptions to businesses that depend on imports and global supply chains.
According to the minister, the latest government meeting focused on phased response plans designed to support importing companies and small business owners while ensuring that assistance systems remain stable and accessible.
Among the measures under consideration is the introduction of “Emergency Logistics Vouchers,” which are intended to help companies address potential logistical disruptions quickly and maintain supply operations.
Authorities are also developing additional support policies based on feedback from local businesses. These measures aim to reduce the risks of raw material shortages and rising costs that could affect small and medium-sized enterprises if the conflict continues.
Han stressed that the government is prepared to mobilize all available policy tools to stabilize the business environment, alleviate concerns among entrepreneurs, and safeguard the interests of the country’s SME sector.
By Vafa Guliyeva
