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Growth of Venture Companies and Government Policies in Korea
2004-10-29
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author : Ju, Hyeon(Small and Venture Business Division)
Small and medium-sized enterprises (SMEs) make up an important part of the Korean economy, and their share in the economy is relatively large compared to other OECD countries. There are more than 2.95 million small and medium businesses in Korea as of 2002, which makes up 99.8% of all businesses. At the same time, they employ approximately 10.39 million people, which accounts for 86.7% of all employment by businesses...
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