I want to receive small and medium enterprise legal counsel. Can I inquire?

"Small and medium enterprise" refers to companies or cooperatives that are subject to small and medium enterprise policies.

According to Article 2 of the Framework Act on Small and Medium Enterprises, the scope of small and medium enterprises is designated.

Scope of small and medium enterprise operators

1. Companies that meet both of the following requirements and engage in business for profit

A. Sales must be below a certain amount by industry, and total assets must be 500 billion won or less

B. Substantial independence of management such as ownership of shares must meet certain standards

2. Among social enterprises under the "Social Enterprise Promotion Act," social enterprises that do not have profit as their main purpose and meet both the size standard and the independence standard

3. Cooperatives, federations of cooperatives, social cooperatives, federations of social cooperatives, and federations of cooperatives of different types that meet certain requirements under the "Framework Act on Cooperatives"

4. Cooperatives, federations, and national federations that meet certain requirements under the "Consumer Cooperatives Act"

Since the standard laws are complexly intertwined, you can confirm details through small and medium enterprise legal counsel.

If recognized as a legal small and medium enterprise, you can become eligible for government start-up support projects and policy fund loans implemented by the government, including the Ministry of SMEs and Startups.

To check in detail whether you qualify as a small and medium enterprise, several things must be reviewed.

You must comprehensively consider whether your company is for profit, whether annual sales or average sales meet certain standards, and whether total assets do not deviate from the range.

To accurately judge this, we recommend examining details through small and medium enterprise legal counsel.