SEOUL, June 07 (Korea Bizwire) – Forty two percent of small businesses in the nation seem to reckon that their business conditions have been improved by the “SME-suitable industry scheme” initiated by the government. A survey was conducted to find out how the nation’s 51 specific industries — designated as “SME-suitable” which aims to keep [...]
SEOUL, June 3 (Korea Bizwire) – The Korean Intellectual Property Office (KIPO), in collaboration with universities, will create a 10-billion-won fund to give support to start-up companies that take advantage of patents held by the universities. To this end, the patent office will chip in 80 percent of the fund, or 8 billion won. University-based [...]
SEOUL, Korea, April 30, 2014 (Korea Bizwire) – First-quarter figures for new start-ups signal that the economy may be finally in full recovery pace. Given there are many “micro” businesses whose capital is below 10 million won headed by middle-aged entrepreneurs, however, it is too early to tell. According to the Small and Medium Business [...]
SEOUL, Korea, April 30, 2014 (Korea Bizwire) – New loans offered by commercial banks to small business owners are gaining popularity. According to banking sources on April 29, “Neighborhood Loan” given out to self-employed businesspeople was sold 20.3 billion won in 544 cases as of April 22, with an outstanding loan balance at 15.4 billion [...]
MCLEAN, Va., April 4, 2014 (Korea Bizwire) – Award-winning independent director and producer, Trish Dalton and editor and cinematographer, John Sears, will be setting out on a 10-week journey across the country to explore the true fabric of America’s economy – small businesses. Sponsored by Spark Business from Capital One, the “I Am Small Business Proud” [...]
SEOUL, South Korea, Aug 26 (Korea Bizwire) – Online trading of agricultural goods has established itself as an important channel for these products. The ‘Online Direct Transaction Market for Farm Produce (www.eat.co.kr)’ operated by the Korea Agro-Fisheries & Food Trade Corporation has grown rapidly in only three years since opening, with approximately 1 trillion won in agricultural [...]