Hello, I am Park Haeng, the representative of the Haengjeong Business Office. Today's video is about the Women's Business Certification. Recently, we have received many inquiries and consultations regarding women-owned businesses, so we decided to create this video to assist business representatives. In this video, I will explain the eligibility criteria for applying as a women-owned business, the benefits of certification, and why you should trust Haengjeong Administrative Services for your women-owned business certification.

First, let's understand what a women-owned business is. A women-owned business is, quite simply, a company where the owner who actually operates the business is a woman. Specifically, it refers to a corporation where a woman is registered as the representative and is the largest shareholder, or it can also refer to a sole proprietorship registered by a woman, or a cooperative if certain conditions are met. Therefore, a corporation, sole proprietorship, or cooperative can all apply for women-owned business certification. So, why should you apply for women-owned business certification? The reason is...

Due to the priority purchasing system for products from women-owned businesses, according to Article 9 of the Act on Support for Women-Owned Businesses and Article 7 of its Enforcement Decree, all public institutions must purchase at least 5% of their total expenditure on goods and services from women-owned businesses, and at least 3% of their total expenditure on construction projects. This should be viewed as a minimum requirement, as the purchasing performance of women-owned products is included in the management evaluation criteria for public institutions by the Ministry of Economy and Finance. Therefore, the more products from women-owned businesses that are purchased, the better the evaluation of the institution. If the quality of the products is the same, public institutions will naturally strive to purchase from women-owned businesses. 

In practical terms, women-owned businesses can enter into sole profit contracts up to 100 million won, receive bidding points during the bidding process, and participate in restricted competitive bidding that is open only to women-owned businesses. Furthermore, if a business is recognized as women-owned, they can access credit guarantee funds and technology guarantee funds.

Women-owned businesses can receive funding from the Credit Guarantee Foundation, which is somewhat more favorable compared to general small and medium-sized enterprises. It can be said that having women-owned businesses is no longer just an option but a necessity. As a result, even existing male representatives often contact me to receive support for women-owned businesses. What documents are required for women-owned businesses? For corporations, the following documents are needed: a corporate registration certificate, a statement of changes in stock, a shareholder register, a meeting confirmation letter, a status report, and a list of subscribers to the four major social insurances. Additionally, a business registration certificate is required. For individual business owners, a business registration certificate, a meeting confirmation letter, a status report, and a list of subscribers to the four major social insurances are required. With such great benefits available, how difficult is it to obtain certification for women-owned businesses? You might be curious about the difficulty level. First, in terms of procedure, after completing the document review, a one-on-one interview is conducted between the female representative and the review committee at the business site. The part that representatives are most concerned about is the one-on-one interview.

This is an interview. Women representatives who have managed their companies for a long time, as well as those who have recently transitioned to being female leaders and are not very familiar with their companies, all worry about the interview. This is understandable because if the interview does not go well, the certification for women-owned businesses can be rejected, making it impossible to apply for women-owned business status for three months. If they are rejected a second time, they won't even have the opportunity to undergo the women-owned business review for six months. If they are disqualified from being a women-owned business right before a contract with a public institution, it can become a critical issue. While practical experience can be helpful during the interview, it would be even better to know in advance what questions will be asked. For this reason, I, for example, use data from companies that have previously undergone the women-owned business certification process to help ensure that the interview goes smoothly. In 2022, I worked on over 100 women-owned businesses, but there were cases that were not approved.

We provide meticulous consulting for interview evaluations to the extent that not a single company exists. I can confidently say that we do this very well. Would you like to quickly receive a women's business certificate? Please contact Park Seong-hyun, the representative of Haedap Administrative Office, and he will kindly assist you with your inquiries. Thank you.

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