large corporations Archives

New Law Aims to Protect SMEs

SEOUL, May 29 (Korea Bizwire) — A new law will make it difficult for large corporations to expand into business sectors that small and medium enterprises are operating in. The Ministry of SMEs and Startups announced that a special law regarding the issue has been passed in the National Assembly. The new law is expected [...]

Coffee Shop Trade Group Gives up Asking for “Small Business Only” Designation

SEOUL, June 11 (Korea Bizwire) – As the discussion on redesignating enterprise types fit for small business owners begins again in earnest after three years, controversies are expected as to which business areas will be affected and how much the regulation will be expanded. Until now, a number of unintended consequences have occurred, including mid-sized franchisers [...]