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CUHK Business School Research Suggests Supply Chain Health Serves as a New Way to Predict Credit Ratings

CUHK Business School Research Suggests Supply Chain Health Serves as a New Way to Predict Credit Ratings

HONG KONG SAR, May 12 (Korea Bizwire) - Investors have used credit ratings to assess a company’s financing risk, but small- and medium-sized enterprises (SMEs) are often completely left out of the game. A CUHK Business School-led study promises to level the playing field and change the credit-rating landscape by looking into supply chain factors. It [...]

SMEs with Smart Factories Have Higher Operating Profits: Data

SMEs with Smart Factories Have Higher Operating Profits: Data

SEOUL, March 30 (Korea Bizwire) — The management performance of the small and mid-sized enterprises (SMEs) that introduced a smart factory in collaboration with large companies is stronger than other SMEs, a local business lobby group said. The Korea Federation of Small and Medium Businesses analyzed the performance results of the ‘win-win smart factory project.’ [...]

One-third of SMEs Say Unlikely to Survive for Over 1 Year amid Virus

One-third of SMEs Say Unlikely to Survive for Over 1 Year amid Virus

SEOUL, Sept. 22 (Korea Bizwire) — Nearly 3 in 10 smaller companies in South Korea think they may not stay afloat for one year or longer due to the impact of the prolonged coronavirus impact, a poll showed Tuesday. The survey of 50 small and medium-sized enterprises (SMEs), taken by the Federation of Korean Industries, [...]

Successful Cooperation Profit Sharing Relies on Participation of Large Corporations

Successful Cooperation Profit Sharing Relies on Participation of Large Corporations

SEOUL, Nov. 7 (Korea Bizwire) — The South Korean government is striving to come up with alternative profit-sharing schemes between large corporations and small-and-medium-sized companies with the intention of promoting a more horizontal relationship between them. The government is also looking to implement a coexistence model where both large corporations and SMCs can achieve a win-win [...]

Gov’t Promises to Help Finance Smart Factory Clusters

Gov’t Promises to Help Finance Smart Factory Clusters

SEOUL, Aug. 6 (Korea Bizwire) — Companies that share similar production processes will be able to finance high-quality “smart” factories cost-effectively by coming together in clusters of five or more. The Ministry of SMEs and Startups revealed yesterday that it would be partially funding the establishment of factories that would benefit companies through economies of [...]

Credit Card Companies Pay Close Attention to the Launch of “Seoul Pay”

Credit Card Companies Pay Close Attention to the Launch of “Seoul Pay”

SEOUL, Jul. 26 (Korea Bizwire) — Credit card companies are on high alert after the launch of a new payment system by the city of Seoul that allows small business owners and their customers to make monetary transactions without any fees. Yesterday, the Seoul Metropolitan Government announced the launch of “Seoul Pay,” a zero transaction [...]