SEOUL, Sep. 25 (Korea Bizwire) – SK Telecom said on September 24 that it has launched “Food & Box,” the dedicated terminal to be used by restaurants and caterers to place online orders of food ingredients with small suppliers. Food & Box is an easy-to-use terminal for the direct purchase platform “Food & Service” provided by [...]
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 [...]
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 [...]