Meeting with The Ministry of MSMEs Regarding GBC Operational Budget

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Meeting with The Ministry of MSMEs Regarding GBC Operational Budget

Feb 18, 2025

Agenda   : Discuss with The Ministry of MSMEs Indonesia Regarding GBC Operational Budget
Date        : Tuesday, 18 February 2025
Time        : 03.00 PM – 03.30 PM
Via          : GBC Conference Room

Meeting Attendees :  7 Persons

  • The Ministry of MSMEs Indonesia : 5 Individuals – Mr. Bastian and 4 others
  • GBC : 2 Individuals – Mr. Lee Jong Soon and 1 other

  1. The Ministry of MSMEs explained that their budget was cut by 50–60% in 2025, preventing them from financing GBC’s office rent at SMESCO.
  2. As an alternative, the Ministry of MSMEs offered the use of its own building without rent, provided GBC covers initial renovation costs. The Ministry also noted that SMESCO tenants, including GBC, cannot extend leases as the building will be fully occupied by the Ministry itself.
  3. A formal letter will be sent to MSS Korea by the Ministry to report these conditions and ensure transparent communication on the relocation process.