Promoting the Financing of SMEs and Start-ups in Korea:
The Korean government has made fostering a "creative economy" a top priority. The goal is to shift Korea's economic paradigm to one based on innovation in which new start-ups and venture businesses play a key role. However, the venture capital market is still at an early stage of deve...
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| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Paris
OECD Publishing
2014
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| Schriftenreihe: | OECD Economics Department Working Papers
no.1162 |
| Schlagworte: | |
| Online-Zugang: | Volltext |
| Zusammenfassung: | The Korean government has made fostering a "creative economy" a top priority. The goal is to shift Korea's economic paradigm to one based on innovation in which new start-ups and venture businesses play a key role. However, the venture capital market is still at an early stage of development. To make venture investment a growth driver, it is important to expand the role of business angels, activate the merger-andacquisition market and foster entrepreneurship. A creative economy also depends on making SMEs, which account for 87% of employment, more dynamic. The productivity gap between large firms and SMEs, which benefit from a wide range of public support, is widening. SME policies should be streamlined and improved to promote market-based financing and reduce the negative effects of government funding programmes, which discourage the expansion of SMEs. |
| Beschreibung: | 1 Online-Ressource (37 p.) 21 x 29.7cm. |
| DOI: | 10.1787/5jxx054bdlvh-en |
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| spelling | Jones, Randall S... VerfasserIn aut Promoting the Financing of SMEs and Start-ups in Korea Randall S., Jones and Myungkyoo, Kim = Promouvoir le financement des PME et des jeunes entreprises en Corée / Randall S., Jones et Myungkyoo, Kim Promouvoir le financement des PME et des jeunes entreprises en Corée Paris OECD Publishing 2014 1 Online-Ressource (37 p.) 21 x 29.7cm. Text txt rdacontent Computermedien c rdamedia Online-Ressource cr rdacarrier OECD Economics Department Working Papers no.1162 The Korean government has made fostering a "creative economy" a top priority. The goal is to shift Korea's economic paradigm to one based on innovation in which new start-ups and venture businesses play a key role. However, the venture capital market is still at an early stage of development. To make venture investment a growth driver, it is important to expand the role of business angels, activate the merger-andacquisition market and foster entrepreneurship. A creative economy also depends on making SMEs, which account for 87% of employment, more dynamic. The productivity gap between large firms and SMEs, which benefit from a wide range of public support, is widening. SME policies should be streamlined and improved to promote market-based financing and reduce the negative effects of government funding programmes, which discourage the expansion of SMEs. Economics Industry and Services Korea, Republic of Kim, Myungkyoo MitwirkendeR ctb FWS01 ZDB-13-SOC FWS_PDA_SOC https://doi.org/10.1787/5jxx054bdlvh-en Volltext |
| spellingShingle | Jones, Randall S.. Promoting the Financing of SMEs and Start-ups in Korea Economics Industry and Services Korea, Republic of |
| title | Promoting the Financing of SMEs and Start-ups in Korea |
| title_alt | Promouvoir le financement des PME et des jeunes entreprises en Corée |
| title_auth | Promoting the Financing of SMEs and Start-ups in Korea |
| title_exact_search | Promoting the Financing of SMEs and Start-ups in Korea |
| title_full | Promoting the Financing of SMEs and Start-ups in Korea Randall S., Jones and Myungkyoo, Kim = Promouvoir le financement des PME et des jeunes entreprises en Corée / Randall S., Jones et Myungkyoo, Kim |
| title_fullStr | Promoting the Financing of SMEs and Start-ups in Korea Randall S., Jones and Myungkyoo, Kim = Promouvoir le financement des PME et des jeunes entreprises en Corée / Randall S., Jones et Myungkyoo, Kim |
| title_full_unstemmed | Promoting the Financing of SMEs and Start-ups in Korea Randall S., Jones and Myungkyoo, Kim = Promouvoir le financement des PME et des jeunes entreprises en Corée / Randall S., Jones et Myungkyoo, Kim |
| title_short | Promoting the Financing of SMEs and Start-ups in Korea |
| title_sort | promoting the financing of smes and start ups in korea |
| topic | Economics Industry and Services Korea, Republic of |
| topic_facet | Economics Industry and Services Korea, Republic of |
| url | https://doi.org/10.1787/5jxx054bdlvh-en |
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