KoreUru 1

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sme globalization policy by SMBA

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1 The Past & Present of the Korean Economy
World #5
1962 2015
$82
$28,338
EconomicScale
[GDP]
11th
ExportScale
6th
Korea
World #2World #2
Automobiles
GDP/P
346-fold
Expansion
Mobile Phones
Semiconductors
Shipbuilding
(2015)

2
* As of 2015 (Statistics Korea)
2003 2015
876
2,979
(Unit: no.)
No. of SMEs
No. of middle-
grade enterprises
Micro-enterprises
3.1 million
Small
enterprises(377,640)
Medium enterprises (101,709)
Large enterprises (3,123)
2004 2015
292
354
(Unit: 10,000)
21.2% ↑
SMEs
(99.9%)
Large
companies
(0.1%)
SMEs
(3.54 million)
No. of employees in
SMEs
SMEs:14.03 million
(87.9%)
Large Enterprises :
1.94 million (12.1%)
Growing trend of SMEs
2004 2015
1,021
1,403
(Unit: 10,000)
37.4% ↑
Growing no. of employees
in SMEs
Status of Korean SMEs

2
(6) clothes, bags/shoes,
pulps/papers, primary materials,
electrical equipment, furniture
Korea SME Criteria
Criteria
(Sales, KRW)
Industry
150 billion Manufacturing industries (6)
100 billion
Manufacturing industries (12)
Agriculture/forestry/fishery
Electricity/gas/water business
Wholesale/retail business
Mining industry
Construction industry
80 billion
Manufacturing industries (6)
Transportation business
Sewage disposal / environmental remediation business
Publication/information service business
60 billion
Repair / other personal service businesses
Business-supporting service business
Science/technology service business
Health / social welfare business
Art/sports service business
40 billion
Lodging/restaurant business
Finance/insurance business
Educational service business
Real estate / leasing business
(12) groceries, tobacco, textiles,
lumber, petroleum, chemicals,
rubbers/plastics, metal products,
electronics/computers/videos/tel
ecommunications,
machines/equipment,
automobiles, and other
transportation equipment
manufacturing industry
(6) beverage, printing/copy
machines, medical substances /
medicines and medical supplies,
nonmetallic minerals, and other
product manufacturing
industries
Status of Korean SMEs

3 Introducing SMBA
Small and Medium Business Administration (SMBA)
Established in 1996 as an Independent Gov`t Department
Member of Ministrial Cabinet Meeting
Organization
Headquarters (7 Bureaus)
12 regional offices, 2 regional branch offices
3 national meister high schools
Employees: 1,236
Budget in FY 2016: USD 8.0 billion
Financing
60%
Startup&
HR,15%
Others
4%
Marketing
2%
Micro
Enterprise
6%
Technology
13%

12countries
16countries
New Trade
Order
RCEP
NAFTA
MERCOSUR+ANDE
AN
EU CIS FTA
GAFTA GCC
COMESA
EFTA
UEMOA EAC
SADC
SACU
AFTA
TPP

0
200
400
600
800
1000
2015 2020
Size of Cross-border B2C e-commerce
Unit : $ Billion
Source : KITA

• Healthy domestic market
• Abundant resources
• High Econ growth rate
• Large population
• Huge consumer group
• Lift of Econ santions for
Iran
* GDP Growth Rate ↑
1.9%(15)→5.8(16)→6.7(17)
• Large Country
• Expected to be the third
Largest Econ in 2030
• Attract FDI the most(2015)
• Replacing BRICs
• 2nd Largest Export Partner
of Korea
• Manufacturing Industry

0
500
1000
1500
The Goal Performances
Total Purchase SME products

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