• Title/Summary/Keyword: Korea SMEs

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The Effect of Internationalized Human Capital on Export Performance of SMEs: Focusing on the Moderating Effects of Export Experience and Export Market Diversification (국제화된 인적자본이 중소기업의 수출성과에 미치는 영향: 수출경험과 수출시장다변화의 조절효과를 중심으로)

  • Young-Soo Yang;Jae-Eun Lee
    • Korea Trade Review
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    • v.46 no.3
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    • pp.171-184
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    • 2021
  • The purpose of this study is to analyze the effect of internationalized human capital on SME's export performance and to examine the moderating effects of export experience and export market diversification of SMEs that can affect the relationship between internationalized human capital and export performance of SMEs. The results of empirical analysis of 150 small and medium-sized enterprises located in Jeonnam province are as follows. First, the internationalized human capital of SMEs was found to have a positive (+) effect on export performance. Second, as a result of empirically analyzing the moderating effect of internationalized human capital on export performance, the export experience of SMEs was found to have a negative (-) moderating effect on the relationship between internationalized human capital and export performance of SMEs, and the export market diversification had a negative (-) moderating effect on the relationship between internationalized human capital and export performance of SMEs. This study provides meaningful theoretical implications in that this study identified the role of human capital by analyzing the relationship between internationalized human capital as an important source of competitive advantage of SMEs and export performance.

Analysis of Government's Supporting Policy for SMEs: Focusing on GRIs (중소기업 지원 실태 분석: 출연(연)을 중심으로)

  • Kim, Jinmin;Hong, Jaebum
    • The Journal of Small Business Innovation
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    • v.21 no.1
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    • pp.15-26
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    • 2018
  • SMEs need a strategy to respond to rapid changes in the global business environment of the Fourth Industrial Revolution. In order to overcome such a business environment, SMEs must concentrate on the core competency. Because of the structural characteristics of SMEs, government support is very important, as it is difficult for SMEs to carry out the entire supply chain role. The support of GRIs is very important for ensuring competitiveness through technological innovation of SMEs. Recently, the construction of SMEs network for business expansion is demanded. SMEs can form networks to induce synergistic effects. In order to secure the competitiveness of SMEs by utilizing the advantages of mutually cooperating networks, the necessity of cooperation of SMEs is increasing. The government has proposed various support programs to support network cooperation. In this research, in order to derive an effective strategy of the SME support program, we analyzed the difference in necessity and satisfaction of the GRIs support program. We analyze the differences between government policies and perceptions for SMEs and to derive strategies for supporting SMEs in a systematic approach for the development of SMEs. In a situation where research to revitalize SMEs is insufficient, in consideration of the market demand of SMEs, we grasp the problems of the current system and try to guide improvement strategies. Also, we suggest policies that can derive and utilize support strategies for SMEs. From a long-term perspective, research related SMEs must be conducted and a sustainable support program for SMEs must be developed.

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Some Problems of Information System on SMFs in Korea (우리나라 중소기업의 정보화 도입에 따른 몇 가지 문제점)

  • Yoon, Young-Han
    • International Commerce and Information Review
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    • v.5 no.1
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    • pp.21-38
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    • 2003
  • 21 century, Korea enterprise which run business in global market, has rapidly change. So, achievement of international competitive power is very important. IT(Information Telecommunication) Technology is play a leading role in this field. In fact, Korea enormous invest in informational technology field and hold the first place in informational quotient(information super-highway, server computer, mobile networking and firm's web site etc). But, materialization of information management effect consider how to cope with the situation. Korea SMEs(Small and Medium Enterprises) is fundamental in Korea economy. So Korea SMEs must active the international competitive power by information management and advance to a higher position. In conclusion, SMEs of information management is require that SMEs' CEO and CIO are must self-help to in this field. And governments improvement of connected with the related system in these field.

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A study on the issue and improvement way for SMEs' Industry-University Co-operation System (중소기업 산학협력 사업의 문제점 분석 및 개선방안에 관한 연구)

  • Kim, Ju Mi;Lee, Dong Wook;Lim, Yang Whan
    • Journal of Korea Society of Digital Industry and Information Management
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    • v.5 no.3
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    • pp.155-173
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    • 2009
  • Budget for the industry-university co-operation is expanded by the increasing of the importance of industry-university co-operation. Even though, industry and university do not co-operate voluntarily. Until now, there is no research about industry-university co-operation focusing on SMEs. This paper is about industry-university co-operation focusing on SMEs. In this paper, we introduce the status and structural problems of industry-university co-operation related with SMEs. And we derive the problems of industry-university co-operation in terms of co-operation purpose. Industry-university co-operation in terms of co-operation purpose can be categorized as R&D, technology transfer, infrastructure, and manpower training. And last, we suggest how we improve the industry-university co-operation system to benefit SMEs.

S&T Policy for SMEs: Lessons Learned and Implications from Korea

  • Park, Young Il
    • Asian Journal of Innovation and Policy
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    • v.8 no.3
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    • pp.417-427
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    • 2019
  • This article puts forward the opinion of a policy expert, who had been involved in Korea's science and technology policy for 30 years, about technology policy for SMEs. This article first explains why technology policies for SMEs are needed, and from what point of view. The next section looks at the current problems facing Korean SMEs, followed by the introduction of past and current polices to support SMEs. The comparison between current issues facing SMEs and past and current policies leads to lessons that can be learned. There are four lessons for the policy itself and three for the implementation of these policies. As for policy, the first four are about stages of development, concentration, R&D and diffusion, and policy mix. The latter three are policymakers, institutional building, and cooperation between ministries. This article makesfour suggestions for future policy: the importance of startups' culture, cooperation with others, infrastructure to reduce uncertainty, and policy monitoring and evaluation.

Interior management and e-business service platform of GMS SMEs

  • Yi, Hong;Zhou, Yue;Wang, Yuan-Liang;Liu, Qian-Hua
    • Proceedings of the Korea Society for Industrial Systems Conference
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    • 2007.02a
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    • pp.197-201
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    • 2007
  • Some problems such as scale is small, lacking fund and talent are exist in SMEs. How to improve the management & e-business level of SMEs become a world problem. To solve this problem, Yunnan SME Bureau request Yunnan Information & Telecom network (YNINFO Co,. Ltd.) to develop a ASP platform-- "Interior management for Yunnan SMEs and e-business service", the platform which is convenient in use and reasonable in price has been offered to SMEs by rental way.

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The Influence of Structural and Relational Social Capital on Innovative Culture and Behaviour in SMEs (구조적.관계적 사회적자본이 혁신문화와 행위에 미치는 영향: 중소기업사례를 중심으로)

  • Lee, Jong Moo
    • Journal of Korea Society of Digital Industry and Information Management
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    • v.9 no.4
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    • pp.227-238
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    • 2013
  • Although several studies show close relationships between social capitals and their performances, a little is known about specific social capitals and their effects on organizational culture and behaviour leading to their innovative outcomes within small and medium sized enterprises(: SMEs). This study examines some dimensions of social capitals and their influences on creating innovative culture and employees' behaviour. The importance of these are regarded as an imperative for SMEs to overcome the inequality of financial leverage and competitive power over resources. For the empirical analysis, survey data were collected from 51 domestic SMEs and analyzed by partial least squares(: PLS) that is one of popular structural modeling and multi-variate projection techniques to latent variables. The findings confirm a positive support of social capitals and their influences on the innovative culture and bahaviour. This result implies that managing the capability of social capitals is important for SMEs to develop the innovative culture and bahaviour and create a competitive advantage.

A Study on How to Vitalize the ESG Management Strategy of SMEs through ESG Management Cases

  • KIM, Jin-Kwon;KIM, Min-Su;AHN, Tony-DongHui
    • The Journal of Economics, Marketing and Management
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    • v.10 no.6
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    • pp.39-46
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    • 2022
  • Purpose: The purpose of this study is to look at the current status and cases of ESG at home and abroad, and through this, seek ways to activate the ESG strategy of domestic SMEs and suggest a direction. Research design, data and methodology: This study examines the current status of ESG management at home and abroad and examples of companies through related literature on ESG management and performance. Through this, the strategic direction of ESG management of domestic SMEs was presented. Results: Compared to the government and major corporations, SMEs can be said to lack ESG management activities. ESG activities include environmental activities such as carbon neutrality, waste management, eco-friendly supply chain management, establishment of safety and health processes to improve workers' environment, expansion of governance to guarantee autonomy and profitability such as fair trade, protection of social and shareholder rights such as anti-corruption, etc. should be based on Therefore, there are difficulties in ESG activities of SMEs that lack funds and manpower. Conclusions: Compared to the government and major corporations, SMEs can be said to lack ESG management activities However, it will be possible to establish and implement ESG management strategies based on the strengths of SMEs and the characteristics of each company.

The Effects of Technological and International Marketing Capability of SMEs in Gwangju·Jeonnam Province on Export Performance: Focusing on the Moderating Role of CEO's Risk-taking Propensity (광주·전남지역 중소기업의 기술역량과 국제마케팅역량이 수출성과에 미치는 영향: CEO 위험감수성의 조절효과를 중심으로)

  • Young-Soo Yang;Jae-Eun Lee
    • Korea Trade Review
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    • v.45 no.5
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    • pp.261-277
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    • 2020
  • The purpose of this study is to analyze whether SMEs' technological capabilities and international marketing capabilities affect the export performance of the SMEs and to empirically test the moderating effect of the CEO's risk propensity on such a relationship. We obtained data from 190 SMEs located in Gwangju and Jeonnam Province in Korea through survey and performed a regression analysis for hypothesis testing based on these data. As a result of the analysis, it was found that SMEs' technological capabilities and international marketing capabilities had a significantly positive (+) effect on export performance, respectively. Also, the CEO's risk propensity was found to reinforce the relationship between technical competence and export performance, and the relationship between marketing capabilities and export performance was also found to be strengthened in the positive (+) direction. These results suggest that it is necessary for SMEs to continuously develop technological capabilities and international marketing capabilities to achieve successful export performance in overseas markets. Also, the CEO's propensity to promote these relationships may be important.

A Study on Export Financing Policy for Korean SMEs - Focusing on Korea EXIM'S Bank -

  • Bae, Sang Mok;Park, Se Hun
    • THE INTERNATIONAL COMMERCE & LAW REVIEW
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    • v.60
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    • pp.177-194
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    • 2013
  • According to the 2013 statistics, the small/medium-sized enterprises (SMEs) accounted for 99.9% of the Korean economy with 87.8% of employment. This simple figures also indicate SMEs export extension is a key task for the national economy stimulation and job creation. The SMEs export plunge has been affected by the European financial turbulence, US financial instability, developing countries like China entering foreign markets, a weak yen, etc. EXIM Bank, in this context, will need to take a more proactive attitude to provide trade finance by, for example, reviewing the business feasibility for SMEs with a lower credit rank or investigating importers' credit status, etc. Moreover EXIM Bank provides factoring service mostly to large companies and should lower its threshold for service provision to SMEs. Finally EXIM Bank should play more than a primary forfeiting market entity. It also needs to facilitate the secondary forfeiting market.

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