On June 25, 2026, the Korea Family Business Succession Association and the Seo-gu Business Management Council of the Incheon Chamber of Commerce and Industry signed a business agreement (MOU) to support family business succession of small and medium-sized businesses in the Seo-gu region of Incheon.

This agreement is meaningful in that it is not a simple declaration of cooperation, but rather establishes an actionable cooperation system that promotes diagnosis, training, consulting, and AI conversion support that can be actually used in corporate settings.

What agreement did the Korea Family Business Succession Association and the Incheon Seo-gu Business Management Council sign?

The Korea Family Business Succession Association (Chairman Dr. Kim Bong-su) and the Incheon Chamber of Commerce and Industry's Western Business Management Council (Chairman Lee Jeong-woo) signed a business agreement (MOU) to support the sustainable growth of small and medium-sized businesses in the Seo-gu region of Incheon.

The main purpose of the agreement is to support local companies to prepare for family business succession more systematically and to increase corporate competitiveness.

In particular, considering the characteristics of the western region of Incheon, where manufacturing industries are concentrated, it is characteristic that corporate succession was approached not as a simple inheritance issue, but as an important management strategy to maintain the local economy and employment.

Why is family business succession support important in Seo-gu, Incheon?

In Seo-gu, Incheon, various manufacturing and small and medium-sized businesses are concentrated.

As many companies enter the retirement period of the first generation of founders, they are simultaneously facing various tasks such as selecting successors, transferring management rights, tax planning, shareholding structure, and organizational stabilization.

However, many companies spend time under-prepared for succession, and when a sudden succession situation arises, their options for responding can be greatly reduced.

This agreement can be seen as the first step to check these risks in advance and prepare customized strategies for each company.

What support will be provided under this agreement?

The two organizations plan to pursue various support projects together through the agreement.

The main points are as follows:

• First free diagnosis for family business succession
• Customized strategic advice for each company
• Successor Mentoring
• Next-generation executive education program operation
• AI/digital conversion linkage support
• Providing information on public support projects such as innovation vouchers

As such, the core of the agreement is to establish an action-oriented support system that can be used in actual corporate settings rather than a one-time lecture.

What did Dr. Bongsu Kim lecture about?

Along with the signing ceremony, Dr. Bongsu Kim ‘In the AI ​​era, should you hand over or sell the company?’A special lecture was held on the topic.

In the lecture, it was explained that succession should not be viewed as a simple transfer of shares, but should be understood as a structural process in which people, organizations, authority, taxes, financial resources, and data are also transferred.

He also emphasized that various options, such as succession to children, succession to relatives, professional management system, and succession-type M&A, should be reviewed together.

What was the key message presented in the special lecture?

Three key points in particular were introduced in the lecture.

The first is that delaying succession can be your biggest cost.

If an inheritance occurs without sufficient preparation, the burden on the business can increase significantly as succession requirements, taxes, family agreements, shareholding structures, etc. must be resolved simultaneously.

Second, corporate value management and succession preparation go in the same direction.

The more you prepare your business operation system and systematize your organization in advance, the more you can help increase your business value.

Third is the importance of AI transition.

It was introduced that systematizing the founder's experience and know-how into work manuals, customer management systems, quality control data, and decision records can help not only foster successors, but also attract investment and improve corporate value.

What kind of support does the Korea Family Business Succession Association provide?

The Korea Family Business Succession Association operates a variety of consulting and training based on an integrated succession model that combines tax, accounting, law, governance, corporate succession, and AX and DX fields.

Our main businesses are as follows:

• Comprehensive family business succession consulting
• Operation of the Family Business Succession Instructor (FBSI) qualification system
• Education and training programs
• Policy research and seminars
• Successor Capacity Building Program
• Sustainability management strategy support

We also provide family business succession consultation and free initial diagnosis applications through the association's website.

What does this agreement mean?

This business agreement is meaningful in that it establishes a cooperation system to more systematically support family business succession of local small and medium-sized businesses.

We are approaching family business succession not as a simple inheritance process but as a management strategy linked to corporate sustainability, local economy, and employment maintenance. In the future, various programs will be promoted to help prepare for succession and strengthen competitiveness of companies in the western region of Incheon.

Source: Korea Family Business Succession Association, Korea Family Business Succession Association Blog, Korea Family Business Succession Association Naver Blog, Web Support Center Blog, Web Support Center Naver Blog, FNTODAY

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