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Korean SMEs in the Wake of the Financial Crisis: Strategies, Constraints and Performance in a Global Economy




Type Of Work


  • Scholarly edition

Abstract


  • South Korea was one of the most adversely affected economies from

    the Asian financial and economic crisis of 1997. This paper focuses upon the

    contribution that the SME sector in this country is making towards the recovery

    of the economy, and, in particular, focuses upon their contribution in a

    knowledge-based society. In this paper we present an overview of the contribution

    and significance of SMEs to the economy. We follow this with a discussion of the

    impact of the Asian financial crisis on the SME sector. Next, we look at the

    involvement of SMEs in the global economy, focusing on the globalisation readiness

    of Korea's SMEs. Based on a recent study of nearly 1,800 SMEs in Korea, we look at

    the existing impediments in globalising operations, along with areas government

    should support in assisting SMEs to become globalisation ready. Finally, we

    present the prospects for Korea's SMEs in the 21st century and the emphasis on

    venture enterprises as a way to promote the technological competitiveness of SMEs.

Publication Date


  • 2002

Web Of Science Accession Number


Type Of Work


  • Scholarly edition

Abstract


  • South Korea was one of the most adversely affected economies from

    the Asian financial and economic crisis of 1997. This paper focuses upon the

    contribution that the SME sector in this country is making towards the recovery

    of the economy, and, in particular, focuses upon their contribution in a

    knowledge-based society. In this paper we present an overview of the contribution

    and significance of SMEs to the economy. We follow this with a discussion of the

    impact of the Asian financial crisis on the SME sector. Next, we look at the

    involvement of SMEs in the global economy, focusing on the globalisation readiness

    of Korea's SMEs. Based on a recent study of nearly 1,800 SMEs in Korea, we look at

    the existing impediments in globalising operations, along with areas government

    should support in assisting SMEs to become globalisation ready. Finally, we

    present the prospects for Korea's SMEs in the 21st century and the emphasis on

    venture enterprises as a way to promote the technological competitiveness of SMEs.

Publication Date


  • 2002

Web Of Science Accession Number