Article 1 (Purpose)
The purpose of this Ordinance shall be to contribute to the revitalization of the local economy through the improvement of business competitiveness by selecting and supporting hidden champions in Seoul Metropolitan City and facilitating outstanding young talents to find jobs in small and medium enterprises. <Amended on Mar. 10, 2022>
Article 2 (Definitions)
The term "hidden champions" in this Ordinance refers to small and medium enterprises selected by the Mayor of Seoul Metropolitan City (hereinafter referred to as the "Mayor") based on their excellence in the creation of jobs for young talents, organizational culture well balanced between work and life, employment stability, welfare benefit, etc.
Article 3 (Relation with Other Statutes, etc.)
Except in cases specifically prescribed by the relevant laws and regulation, other ordinances, etc. concerning the selection and support for hidden champions, what is prescribed by this Ordinance shall be followed. <Amended on Mar. 10, 2022>
Article 4 (Duties)
The Mayor shall enforce the policies for the selection and support of hidden champions.
Article 5 (Comprehensive Support Plan, etc.)
(1) The Mayor shall systematically formulate and enforce a comprehensive support plan every 3 years to support job creation by hidden champions. <Amended on Mar. 10, 2022>
Article 6 (Selection of Hidden Champions)
(1) The Mayor shall select, through fair a process and evaluation, hidden champions based on the creation of jobs for young talents, business excellence, employment stability, etc. from small and medium enterprises (hereinafter referred to as "Enterprises") whose places of business are located in Seoul Metropolitan City (hereinafter referred to as the "City").
Article 7 (Establishment of Hidden Champions Support Committee)
The Mayor shall establish the Hidden Champions Support Committee (hereinafter referred to as the "Committee") to select and deliberate on the Hidden Champions.
Article 8 (Organization of the Committee)
(1) The Committee shall comprise about 30 members, including 1 chairperson.
Article 9 (Functions of the Committee)
The Committee shall deliberate the following: <Amended on Mar. 10, 2022>
Article 10 (Hearing of Opinions, etc.)
The Committee may request representatives, public officials, or experts of related institutions and organizations to participate, hear their opinions, or ask to cooperate.
Article 11 (Allowances)
Allowances and travel expenses may be provided for members present in a Committee meeting within the scope of budgets in accordance with Seoul Metropolitan Government Ordinance on the Provision of Allowances and Travel Expenses to Committees.
Article 12 (Support for Hidden Champions)
The Mayor may provide the following support for Hidden Champions within the scope of budgets: <Amended on Mar. 10, 2022>
Article 13 (Term of Validity of Hidden Champion Certification)
A Hidden Champion certificate shall be valid for 2 years from the date on which the certificate is issued; Provided, That corporations may be re-certified after reevaluation following their request to be re-certified before or after the term of certification expiration. <Amended on Mar. 10, 2022>
Article 14 (Revocation of Selection of Hidden Champions)
(1) Where the Hidden Champion falls under any of the following subparagraphs under Article 6, the Mayor may revoke the selection of the Hidden Champion:
Article 15 (Instruction, Inspection, etc.)
The Mayor may request the Hidden Champion to submit materials for support under Articles 12 and 13 and provide instruction, inspection, etc., if necessary.
Article 16 (Building of Cooperation System)
The Mayor shall build a cooperation system with the relevant institution, organization, etc. in order to efficiently promote the selection, support, evaluation, follow-up management, etc. of the Hidden Champion.
Article 17 (Enforcement Rules)
Matters required to enforce this Ordinance shall be prescribed as rules.