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Korean SME's capabilities for globalization and policy implication

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Frame of Image e examined the
characteristics of global firms. However, most of their researches have focused on large and well-endowed firms from developed economies. The studies on SME globalization from emerging economies such as Korea is poorly understood and under researched. The purpose of this research is to shed light on the globalization features of Korean SMEs. Prior researches have tended to focus on large multinationals. However, increasing number of scholars are suggesting that globalization of SMEs may be different from that of large multinationals, because limited resources constrain a SME’s choice of options in globalization. Despite their resource restriction, SMEs have experienced a rapid growth in global market. This research identifies globalization activities in Korean SMEs. Main purpose for examining their globalization activities is to estimate whether they have global capability for achieving the status as global SMEs. The research has also examined on the growth conditions for global SMEs. A SME can be categorizes as a global SME when the SME has the capacities enough to serve global market successfully with complex entry modes. This study will provide insights into a unique growth path of SMEs in global market.
Data are obtained from the survey results collected from Korean SMEs. I limited samples to manufacturing firms that have sales volume from 40 billion won to 1,000 billion won, who have potential to become global SMEs. The large firms were not included in the


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Title Korean SME's capabilities for globalization and policy implication
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Material Type Reports
Author(English)

Lee, Youngjoo

Publisher

[Seoul]:Korea Institute for Industrial Economics & Trade

Date 2011
Journal Title; Vol./Issue KIET Industrial Economic Review:vol.16(no. 5)
Pages 14
Subject Country South Korea(Asia and Pacific)
Language English
File Type Documents
Original Format pdf
Subject Industry and Technology < Entrepreneurship
Holding KIET; KDI School

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