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The exploitation of niche markets by small and medium Korean enterprises
Until the late 1970s Korean Government policy had been to promote the growth of large-scale industry. A growing demand for parts and components by heavy industry, however, has been met by small and medium enterprises, supported by a number of government measures. More recently the governmenthas also supported investment in and research by SMEs involved in technology-intensive industries, where the value-added is greater. This article reviews the policies that have been implemented and comments on their success.
Until the late 1970s Korean Government policy had been to promote the growth of large-scale industry. A growing demand for parts and components by heavy industry, however, has been met by small and medium enterprises, supported by a number of government measures. More recently the government
has also supported investment in and research by SMEs involved in technology-intensive industries, where the value-added is greater. This article reviews the policies that have been implemented and comments on their success.
has also supported investment in and research by SMEs involved in technology-intensive industries, where the value-added is greater. This article reviews the policies that have been implemented and comments on their success.
Korean and Singaporean small and medium enterprise development: Lessons for South Africa?
Manning, Claudia
Development Southern Africa, Vol. 10 (1993), Iss. 4 P.579
https://doi.org/10.1080/03768359308439717 [Citations: 1]Tabs navigation
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