SEOUL, July 20 (Korea Bizwire) – South Korea will set up a new ministry in charge of small and medium-sized businesses (SMEs) that will be dedicated to supporting smaller companies and creating more jobs, the government said Thursday. After long-drawn-out negotiations, the National Assembly passed the bill which included elevating the Small and Medium Business [...]
SEOUL, July 28 (Korea Bizwire) – Thanks to a series of government support measures for new ventures and startups, investment in venture firms soared nearly 40 percent in the first half of 2015 compared to the same period in 2014. According to the Small and Medium Business Administration (SMBA) on July 27, a total of 956.9 [...]
SEOUL, Oct. 28 (Korea Bizwire) – The Small and Medium Business Administration and the Korea Venture Business Association announced on October 27 that out of 130 Korean companies ranked No. 1 in the world in terms of market share 48.5 percent (63 firms) were start-up ventures as of the end of 2013. According to the data, the [...]
SEOUL, May 21 (Korea Bizwire) – Social security benefits will be enhanced for the self-employed including the independent app developers who have started their own business based on their technical skills but are financially strapped. On May 19, the Ministry of Strategy and Finance, Financial Services Commission, the Small and Medium Business Administration and other [...]