Work area(s):
Operational aspects of support programmes for the digital transformation of exporting small and medium-sized enterprises in the Republic of Korea
- Author:
Author:
Joe, Dong-Hee -
- Physical Description: 49 pages
- Publisher: ECLAC
- UN Symbol (Signature): LC/TS.2024/3
- Date: January 26, 2024
Description
Abstract:
Because international trade is essential for the Republic of Korea’s economic growth and development, the government actively promotes exports by large companies and especially by small and medium-sized enterprises (SMEs). Several programmes support participation by SMEs in cross-border e-commerce, which may have contributed to their rapidly rising exports through this channel. This report reviews selected programmes implemented by the Korea SMEs and Startups Agency (KOSME) and the Korea Trade-Investment Promotion Agency (KOTRA). To maximize the programmes’ impact, KOSME and KOTRA apply a circular process of assigning the required budget, selecting the most promising SMEs, coordinating with private sector stakeholders, and evaluating results. This document reviews each of these aspects in detail for a selection of the programmes.