GBC entered a transition period due to relocation from its previous building at SMESCO / SME Tower (now the Ministry of MSMEs of Indonesia building), while preparing for a name and location change as part of organizational development to the next stage.

GBC regularly organized the annual Business Model Competition program involving participants from South Korea, Indonesia, and ASEAN, and collaborated with various institutions, organizations, venture capital firms, and accelerators.

The Small and Medium Business Administration (SMBA) Korea transformed into the Ministry of SMEs and Startups (MSS), strengthening policy support and innovation for MSMEs and startups in Indonesia through GBC.

GBC expanded its programs for MSME and startup development and strengthened technology collaboration at the ASEAN level.

The ASEM SMEs Eco-Innovation Center (ASEIC) was officially appointed to operate GBC based on a mandate from the Ministry of SMEs and Startups (MSS) Korea (formerly SMBA) and KemenKop UKM RI.

GBC began developing business incubation programs, training, and technology collaboration for MSMEs and startups.

GBC began operating by implementing technology transfer programs, business consulting, and assistance for SMEs based on the green economy.

On July 29, 2011, KemenKop UKM RI and SMBA Korea renewed the technology cooperation MoU as the official foundation for the establishment of the Green Business Center (GBC) Indonesia to support innovation-based SMEs and green industry development.

On May 7, 2010, KemenKop UKM RI and SMBA Korea strengthened their cooperation through a technology implementation agreement focusing on green industry and capacity building for SMEs.

On May 21, 2006, the Ministry of Cooperatives and SMEs of the Republic of Indonesia (KemenKop UKM RI) and the Small and Medium Business Administration (SMBA) of South Korea signed a technology cooperation MoU for the development of Small and Medium Enterprises (SMEs).