콘텐츠 바로가기
로그인
컨텐츠

Category Open

Resources

tutorial

Collection of research papers and materials on development issues

home

Resources
Economy Economic Administration
Industry and Technology Others

Print

The perspective of small business in South Korea

Related Document
Frame of Image
  • The perspective of small business in South Korea
  • Park, Hun Joo
  • KDI School of Public Policy and Management


link
Title The perspective of small business in South Korea
Similar Titles
Material Type Reports
Author(English)

Park, Hun Joo

Publisher

Seoul, South Korea:KDI School of Public Policy and Management

Date 2006-12
Series Title; No KDI school of pub policy and management paper / 06-13
Pages 37
Subject Country South Korea(Asia and Pacific)
Language English
File Type Link
Subject Economy < Economic Administration
Industry and Technology < Others
Holding SSRN

Abstract

Korean small businesses have come a long way as sources of industrial power more important than heretofore credited. The nation's undemocratic dirigisme had largely slighted small businesses to the country's disadvantage. Although the government's policy bias against them started to change in the early 1980s, its support of them remained less than fully-fledged. Despite tough socio-economic conditions, however, both the first and second generation small entrepreneurs have strived to prove their self-worth as viable business enterprises and constantly - and increasingly over time - contributed to the incremental improvement of the economy. By shedding light on the little-known motivations, perceptions, and performances of the small business people, this article offers a more balanced and nuanced account of the past and present state of small businesses in the country, which provides a tentative basis for considering alternative vision for future development.