Operational aspects of support programmes for the digital transformation of exporting small and medium-sized enterprises in the Republic of Korea
Work area(s)
Operational aspects of support programmes for the digital transformation of exporting small and medium-sized enterprises in the Republic of Korea
- Publication type: Project documents
- Author: Joe, Dong-Hee
- Physical description: 49 pages
- Publisher: ECLAC
- UN symbol (Signature): LC/TS.2024/3
- Date: January, 2024
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.
