Promoting the financing of SMEs and start-ups in Korea / Randall S. Jones; Myungkyoo Kim
Contributor(s): Resource type: Ressourcentyp: Buch (Online)Book (Online)Language: English Series: OECD. OECD Economics Department working papers ; 1162Publisher: Paris : OECD, Economics Dep., 2014Description: Online-Ressource (37 S.) : graph. DarstSubject(s): Genre/Form: DOI: DOI: 10.1787/5jxx054bdlvh-enOnline resources: 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.PPN: PPN: 81572067XPackage identifier: Produktsigel: ZDB-13-SOC | ZDB-13-SOC-ebookNo physical items for this record
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