The Ministry of Economic Affairs shall establish the Small and Medium Enterprise and Startup Administration (hereinafter referred to as the Administration) to handle matters related to providing guidance and support for the development of small and medium enterprises (hereinafter referred to as SMEs) as well as startups.

The Administration shall be charged with:
1. Planning, formulating, and implementing policies, regulations and guidance measures for the development of SMEs and startups.
2. Planning, formulating, and implementing activities related to the financial development of SMEs and startups.
3. Planning, formulating, and implementing activities related to startups, intellectual development, business incubation industries, and social innovation.
4. Planning, formulating, and implementing activities related to service innovation and strategic industry development among both rural- and urban-based SMEs and startups.
5. Planning, formulating, and implementing activities related to the digital transformation, technical innovation and circular economy of SMEs and startups.
6. Planning, formulating, and implementing activities related to the market expansion and business promotion of SMEs and startups.
7. Planning, formulating, and implementing activities related to international exchange and cooperation among SMEs and startups.
8. Planning, formulating, and implementing activities related to local service networks as well as the industrial and commercial organizations of SMEs and startups.
9. Other activities related to the provision of support and guidance for the development of SMEs and startups.

*According to Article 1 and 2 of the Organization Act of the Small and Medium Enterprise and Startup Administration, Ministry of Economic Affairs.