Small and Medium-sized Enterprises Archives | Be Korea-savvy
Gov’t Revises Law to Prevent Big Firms from Stealing Technology from SMEs

Gov’t Revises Law to Prevent Big Firms from Stealing Technology from SMEs

SEOUL, Nov. 18 (Korea Bizwire) — Efforts are underway to mandate the signing of confidential maintenance contracts when big firms receive technical data from their subcontractor small and medium-sized enterprises (SMEs). The Ministry of SMEs and Startups announced on Tuesday that the revision of the law to promote mutual cooperation between large companies and SMEs [...]

S. Korea to Permit 56,000 Foreign Workers with E-9 Visas Next Year

S. Korea to Permit 56,000 Foreign Workers with E-9 Visas Next Year

SEOUL, Dec. 22 (Korea Bizwire) – South Korea will issue its non-professional employment visa to 56,000 foreign workers next year, the same figure set for this year’s quota, government officials said Friday. The government committee on foreign workforce policy finalized its plan for the 2018 E-9 visa quota during its 25th session presided over by [...]

S. Korean Retailers Rev Up Efforts to Expand Presence in Middle East

S. Korean Retailers Rev Up Efforts to Expand Presence in Middle East

SEOUL, Nov. 24 (Korea Bizwire) – South Korean companies are pushing to expand their presence in the Middle Eastern market after suffering backlash from a diplomatic row between Seoul and Beijing over a U.S. missile defense system here, industry watchers said Friday. Earlier in the day, the Korea Federation of Small and Medium-sized Enterprises (SMEs) [...]