- Additional Authors
- Kim, Myungkyoo.
- Description
- 38 p.; 21 x 29.7cm.
- Summary
- 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.
- Series Statement
- OECD Economics Department Working Papers, 1815-1973 ; no.1162
- Uniform Title
- OECD Economics Department Working Papers, no.1162.
- Subject
- LCCN
- 10.1787/5jxx054bdlvh-en
- OCLC
- oecd-lib
- Author
Jones, Randall.
- Title
Promoting the Financing of SMEs and Start-ups in Korea [electronic resource] / Randall Jones and Myungkyoo Kim
- Imprint
Paris : OECD Publishing, 2014.
- Series
OECD Economics Department Working Papers, 1815-1973 ; no.1162
OECD Economics Department Working Papers, 1815-1973 ; no.1162.
- Connect to:
- Indexed Term
Industry and Services
Economics
Korea, Republic of
- Added Author
Kim, Myungkyoo.
- Other Standard Identifier
10.1787/5jxx054bdlvh-en doi