Non-refundable and co-financing instruments: Promoting export innovation among SMEs in the Republic of Korea

In the Republic of Korea, public export support programmes for small and medium-sized enterprises (SMEs) have played a significant role in the internationalization process of such firms. Multiple non-reimbursable and co-financing instruments that promote export innovation among SMEs have contributed...

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Autores principales:	Lee, Joon-Ho, Lee, Alexander, Lee, April
Otros Autores:	República de Corea. Ministerio de Asuntos Exteriores
Formato:	Texto
Lenguaje:	English
Publicado:	ECLAC 2018
Materias:	PEQUEÑAS EMPRESAS EMPRESAS MEDIANAS EXPORTACIONES INNOVACIONES PROMOCION DE LAS EXPORTACIONES POLITICA DE EXPORTACION ESTUDIOS DE CASOS SMALL ENTERPRISES MEDIUM ENTERPRISES EXPORTS INNOVATIONS EXPORT PROMOTION EXPORT POLICY CASE STUDIES
Acceso en línea:	http://hdl.handle.net/11362/43475
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spelling	oai-11362-434752020-12-18T10:51:42Z Non-refundable and co-financing instruments: Promoting export innovation among SMEs in the Republic of Korea Lee, Joon-Ho Lee, Alexander Lee, April República de Corea. Ministerio de Asuntos Exteriores PEQUEÑAS EMPRESAS EMPRESAS MEDIANAS EXPORTACIONES INNOVACIONES PROMOCION DE LAS EXPORTACIONES POLITICA DE EXPORTACION ESTUDIOS DE CASOS SMALL ENTERPRISES MEDIUM ENTERPRISES EXPORTS INNOVATIONS EXPORT PROMOTION EXPORT POLICY CASE STUDIES In the Republic of Korea, public export support programmes for small and medium-sized enterprises (SMEs) have played a significant role in the internationalization process of such firms. Multiple non-reimbursable and co-financing instruments that promote export innovation among SMEs have contributed to their export success which, alongside large firms, made the Republic of Korea the world’s fifth largest exporting country in 2015. This study summarizes these support programmes and some key factors in relation to their implementation, some of which may be useful for those responsible for formulating and implementing similar programmes in Latin America and the Caribbean. First, the authors highlight the continuity of these policies since the 1950s. Second, the Republic of Korea has a unique set-up of institutions supporting SMEs exports, including the Ministry of Small and Medium Enterprises and Startups, the Korea Trade-Investment Promotion Agency (KOTRA) and the Korea International Trade Association (KITA). Third, some new initiatives have been introduced recently to accelerate SME internationalization, including a voucher scheme, in which eligible SMEs can select specific types of support of their own choice. Fourth, many programmes focus on the integration of SMEs into global value chains, particularly in the case of suppliers of parts and components to large Korean firms. Abstract .-- Introduction .-- I. Korean SMEs and development of export support policy .-- II. Structure of SME internalization support policy scheme of Korea .-- III. Major SME export supporting organizations and programs .-- IV. Implication for Latin America and the Caribbean regions. 2018-04-13T14:13:34Z 2018-04-13T14:13:34Z 2018-04-13 Texto Documento Completo http://hdl.handle.net/11362/43475 LC/TS.2018/23 en Documentos de Proyectos .pdf application/pdf REPUBLICA DE COREA REPUBLIC OF KOREA ECLAC
institution	Cepal
collection	Cepal
language	English
topic	PEQUEÑAS EMPRESAS EMPRESAS MEDIANAS EXPORTACIONES INNOVACIONES PROMOCION DE LAS EXPORTACIONES POLITICA DE EXPORTACION ESTUDIOS DE CASOS SMALL ENTERPRISES MEDIUM ENTERPRISES EXPORTS INNOVATIONS EXPORT PROMOTION EXPORT POLICY CASE STUDIES
spellingShingle	PEQUEÑAS EMPRESAS EMPRESAS MEDIANAS EXPORTACIONES INNOVACIONES PROMOCION DE LAS EXPORTACIONES POLITICA DE EXPORTACION ESTUDIOS DE CASOS SMALL ENTERPRISES MEDIUM ENTERPRISES EXPORTS INNOVATIONS EXPORT PROMOTION EXPORT POLICY CASE STUDIES Lee, Joon-Ho Lee, Alexander Lee, April Non-refundable and co-financing instruments: Promoting export innovation among SMEs in the Republic of Korea
description	In the Republic of Korea, public export support programmes for small and medium-sized enterprises (SMEs) have played a significant role in the internationalization process of such firms. Multiple non-reimbursable and co-financing instruments that promote export innovation among SMEs have contributed to their export success which, alongside large firms, made the Republic of Korea the world’s fifth largest exporting country in 2015. This study summarizes these support programmes and some key factors in relation to their implementation, some of which may be useful for those responsible for formulating and implementing similar programmes in Latin America and the Caribbean. First, the authors highlight the continuity of these policies since the 1950s. Second, the Republic of Korea has a unique set-up of institutions supporting SMEs exports, including the Ministry of Small and Medium Enterprises and Startups, the Korea Trade-Investment Promotion Agency (KOTRA) and the Korea International Trade Association (KITA). Third, some new initiatives have been introduced recently to accelerate SME internationalization, including a voucher scheme, in which eligible SMEs can select specific types of support of their own choice. Fourth, many programmes focus on the integration of SMEs into global value chains, particularly in the case of suppliers of parts and components to large Korean firms.
author2	República de Corea. Ministerio de Asuntos Exteriores
author_facet	República de Corea. Ministerio de Asuntos Exteriores Lee, Joon-Ho Lee, Alexander Lee, April
format	Texto
author	Lee, Joon-Ho Lee, Alexander Lee, April
author_sort	Lee, Joon-Ho
title	Non-refundable and co-financing instruments: Promoting export innovation among SMEs in the Republic of Korea
title_short	Non-refundable and co-financing instruments: Promoting export innovation among SMEs in the Republic of Korea
title_full	Non-refundable and co-financing instruments: Promoting export innovation among SMEs in the Republic of Korea
title_fullStr	Non-refundable and co-financing instruments: Promoting export innovation among SMEs in the Republic of Korea
title_full_unstemmed	Non-refundable and co-financing instruments: Promoting export innovation among SMEs in the Republic of Korea
title_sort	non-refundable and co-financing instruments: promoting export innovation among smes in the republic of korea
publisher	ECLAC
publishDate	2018
url	http://hdl.handle.net/11362/43475
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Non-refundable and co-financing instruments: Promoting export innovation among SMEs in the Republic of Korea

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