Promoting the Financing of SMEs and Start-ups in Korea

Randall S. Jonesi ; Myungkyoo Kimi iOECD

Organisation for Economic Co-operation and Development

关键词: SMEs;    non-tangible collateral;    KONEX;    crowd-funding;    entrepreneurship;    venture business;    venture capital investment;    Korea;    start-ups;    business angels;    KOSDAQ;    credit guarantees;    IPOs;    creative economy;    mergers and acquisitions;   

DOI  :  https://doi.org/10.1787/5jxx054bdlvh-en

学科分类：社会科学、人文和艺术（综合）

来源: OECD iLibrary

【 摘 要 】

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.