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<a class="vector-toc-link" href="#Framework_Act_on_Small_and_Medium_Enterprises"> <div class="vector-toc-text"> <span class="vector-toc-numb">3.1</span> <span>Framework Act on Small and Medium Enterprises</span> </div> </a> <ul id="toc-Framework_Act_on_Small_and_Medium_Enterprises-sublist" class="vector-toc-list"> </ul> </li> <li id="toc-Act_on_Facilitation_of_Purchase_of_Small_and_Medium_Enterprise-Manufactured_Products_and_Support_for_Development_of_their_Markets" class="vector-toc-list-item vector-toc-level-2"> <a class="vector-toc-link" href="#Act_on_Facilitation_of_Purchase_of_Small_and_Medium_Enterprise-Manufactured_Products_and_Support_for_Development_of_their_Markets"> <div class="vector-toc-text"> <span class="vector-toc-numb">3.2</span> <span>Act on Facilitation of Purchase of Small and Medium Enterprise-Manufactured Products and Support for Development of their Markets</span> </div> </a> <ul id="toc-Act_on_Facilitation_of_Purchase_of_Small_and_Medium_Enterprise-Manufactured_Products_and_Support_for_Development_of_their_Markets-sublist" class="vector-toc-list"> </ul> </li> <li id="toc-Act_on_Special_Cases_Concerning_the_Regulation_of_the_Special_Economic_Zones_for_Specialised_Regional_Development" class="vector-toc-list-item vector-toc-level-2"> <a class="vector-toc-link" href="#Act_on_Special_Cases_Concerning_the_Regulation_of_the_Special_Economic_Zones_for_Specialised_Regional_Development"> <div class="vector-toc-text"> <span class="vector-toc-numb">3.3</span> <span>Act on Special Cases Concerning the Regulation of the Special Economic Zones for Specialised Regional Development</span> </div> </a> <ul id="toc-Act_on_Special_Cases_Concerning_the_Regulation_of_the_Special_Economic_Zones_for_Specialised_Regional_Development-sublist" class="vector-toc-list"> </ul> </li> <li id="toc-Act_on_the_Protection_of_and_Support_for_Micro_Enterprises" class="vector-toc-list-item vector-toc-level-2"> <a class="vector-toc-link" href="#Act_on_the_Protection_of_and_Support_for_Micro_Enterprises"> <div class="vector-toc-text"> <span class="vector-toc-numb">3.4</span> <span>Act on the Protection of and Support for Micro Enterprises</span> </div> </a> <ul id="toc-Act_on_the_Protection_of_and_Support_for_Micro_Enterprises-sublist" class="vector-toc-list"> </ul> </li> <li id="toc-Act_on_Special_Measures_for_the_Promotion_of_Venture_Businesses" class="vector-toc-list-item vector-toc-level-2"> <a class="vector-toc-link" href="#Act_on_Special_Measures_for_the_Promotion_of_Venture_Businesses"> <div class="vector-toc-text"> <span class="vector-toc-numb">3.5</span> <span>Act on Special Measures for the Promotion of Venture Businesses</span> </div> </a> <ul id="toc-Act_on_Special_Measures_for_the_Promotion_of_Venture_Businesses-sublist" class="vector-toc-list"> </ul> </li> <li id="toc-Act_on_Support_for_Female-owned_Businesses" class="vector-toc-list-item vector-toc-level-2"> <a class="vector-toc-link" href="#Act_on_Support_for_Female-owned_Businesses"> <div class="vector-toc-text"> <span class="vector-toc-numb">3.6</span> <span>Act on Support for Female-owned Businesses</span> </div> </a> <ul id="toc-Act_on_Support_for_Female-owned_Businesses-sublist" class="vector-toc-list"> </ul> </li> <li id="toc-Act_on_the_Fostering_of_Self-employed_Creative_Enterprises" class="vector-toc-list-item vector-toc-level-2"> <a class="vector-toc-link" href="#Act_on_the_Fostering_of_Self-employed_Creative_Enterprises"> <div class="vector-toc-text"> <span class="vector-toc-numb">3.7</span> <span>Act on the Fostering of Self-employed Creative Enterprises</span> </div> </a> <ul id="toc-Act_on_the_Fostering_of_Self-employed_Creative_Enterprises-sublist" class="vector-toc-list"> </ul> </li> <li id="toc-Act_on_the_Promotion_of_Collaborative_Cooperation_between_Large_Enterprises_and_Small_and_Medium_Enterprises" class="vector-toc-list-item vector-toc-level-2"> <a class="vector-toc-link" href="#Act_on_the_Promotion_of_Collaborative_Cooperation_between_Large_Enterprises_and_Small_and_Medium_Enterprises"> <div class="vector-toc-text"> <span class="vector-toc-numb">3.8</span> <span>Act on the Promotion of Collaborative Cooperation between Large Enterprises and Small and Medium Enterprises</span> </div> </a> <ul id="toc-Act_on_the_Promotion_of_Collaborative_Cooperation_between_Large_Enterprises_and_Small_and_Medium_Enterprises-sublist" class="vector-toc-list"> </ul> </li> <li id="toc-Act_on_the_Promotion_of_Technology_Innovation_of_Small_and_Medium_Enterprises" class="vector-toc-list-item vector-toc-level-2"> <a class="vector-toc-link" href="#Act_on_the_Promotion_of_Technology_Innovation_of_Small_and_Medium_Enterprises"> <div class="vector-toc-text"> <span class="vector-toc-numb">3.9</span> <span>Act on the Promotion of Technology Innovation of Small and Medium Enterprises</span> </div> </a> <ul id="toc-Act_on_the_Promotion_of_Technology_Innovation_of_Small_and_Medium_Enterprises-sublist" class="vector-toc-list"> </ul> </li> <li id="toc-Promotion_of_Disabled_Persons'_Enterprise_Activities_Act" class="vector-toc-list-item vector-toc-level-2"> <a class="vector-toc-link" href="#Promotion_of_Disabled_Persons'_Enterprise_Activities_Act"> <div class="vector-toc-text"> <span class="vector-toc-numb">3.10</span> <span>Promotion of Disabled Persons' Enterprise Activities Act</span> </div> </a> <ul id="toc-Promotion_of_Disabled_Persons'_Enterprise_Activities_Act-sublist" class="vector-toc-list"> </ul> </li> <li id="toc-Special_Act_on_Support_for_Small_Urban_Manufacturers" class="vector-toc-list-item vector-toc-level-2"> <a class="vector-toc-link" href="#Special_Act_on_Support_for_Small_Urban_Manufacturers"> <div class="vector-toc-text"> <span class="vector-toc-numb">3.11</span> <span>Special Act on Support for Small Urban Manufacturers</span> </div> </a> <ul id="toc-Special_Act_on_Support_for_Small_Urban_Manufacturers-sublist" class="vector-toc-list"> </ul> </li> <li id="toc-Small_and_Medium_Enterprise_Cooperatives_Act" class="vector-toc-list-item vector-toc-level-2"> <a class="vector-toc-link" href="#Small_and_Medium_Enterprise_Cooperatives_Act"> <div class="vector-toc-text"> <span class="vector-toc-numb">3.12</span> <span>Small and Medium Enterprise Cooperatives Act</span> </div> </a> <ul id="toc-Small_and_Medium_Enterprise_Cooperatives_Act-sublist" class="vector-toc-list"> </ul> </li> <li id="toc-Small_and_Medium_Enterprises_Promotion_Act" class="vector-toc-list-item vector-toc-level-2"> <a class="vector-toc-link" href="#Small_and_Medium_Enterprises_Promotion_Act"> <div class="vector-toc-text"> <span class="vector-toc-numb">3.13</span> <span>Small and Medium Enterprises Promotion Act</span> </div> </a> <ul id="toc-Small_and_Medium_Enterprises_Promotion_Act-sublist" class="vector-toc-list"> </ul> </li> <li id="toc-Special_Act_on_Support_for_Human_Resources_of_Small_and_Medium_Enterprises" class="vector-toc-list-item vector-toc-level-2"> <a class="vector-toc-link" href="#Special_Act_on_Support_for_Human_Resources_of_Small_and_Medium_Enterprises"> <div class="vector-toc-text"> <span class="vector-toc-numb">3.14</span> <span>Special Act on Support for Human Resources of Small and Medium Enterprises</span> </div> </a> <ul id="toc-Special_Act_on_Support_for_Human_Resources_of_Small_and_Medium_Enterprises-sublist" class="vector-toc-list"> </ul> </li> <li id="toc-Special_Act_on_the_Development_of_Traditional_Markets_and_Shopping_Districts" class="vector-toc-list-item vector-toc-level-2"> <a class="vector-toc-link" href="#Special_Act_on_the_Development_of_Traditional_Markets_and_Shopping_Districts"> <div class="vector-toc-text"> <span class="vector-toc-numb">3.15</span> <span>Special Act on the Development of Traditional Markets and Shopping Districts</span> </div> </a> <ul id="toc-Special_Act_on_the_Development_of_Traditional_Markets_and_Shopping_Districts-sublist" class="vector-toc-list"> </ul> </li> <li id="toc-Special_Act_on_the_Promotion_of_Business_Conversion_in_Small_and_Medium_Enterprises" class="vector-toc-list-item vector-toc-level-2"> <a class="vector-toc-link" href="#Special_Act_on_the_Promotion_of_Business_Conversion_in_Small_and_Medium_Enterprises"> <div class="vector-toc-text"> <span class="vector-toc-numb">3.16</span> <span>Special Act on the Promotion of Business Conversion in Small and Medium Enterprises</span> </div> </a> <ul id="toc-Special_Act_on_the_Promotion_of_Business_Conversion_in_Small_and_Medium_Enterprises-sublist" class="vector-toc-list"> </ul> </li> <li id="toc-Support_for_Small_and_Medium_Enterprise_Establishment_Act" class="vector-toc-list-item vector-toc-level-2"> <a class="vector-toc-link" href="#Support_for_Small_and_Medium_Enterprise_Establishment_Act"> <div class="vector-toc-text"> <span class="vector-toc-numb">3.17</span> <span>Support for Small and Medium Enterprise Establishment Act</span> </div> </a> <ul id="toc-Support_for_Small_and_Medium_Enterprise_Establishment_Act-sublist" class="vector-toc-list"> </ul> </li> <li id="toc-Regional_Credit_Guarantee_Foundation_Act" class="vector-toc-list-item vector-toc-level-2"> <a class="vector-toc-link" href="#Regional_Credit_Guarantee_Foundation_Act"> <div class="vector-toc-text"> <span class="vector-toc-numb">3.18</span> <span>Regional Credit Guarantee Foundation Act</span> </div> </a> <ul id="toc-Regional_Credit_Guarantee_Foundation_Act-sublist" class="vector-toc-list"> </ul> </li> <li id="toc-Act_on_Support_for_Protection_of_Technologies_of_Small_and_Medium_Enterprises" class="vector-toc-list-item vector-toc-level-2"> <a class="vector-toc-link" href="#Act_on_Support_for_Protection_of_Technologies_of_Small_and_Medium_Enterprises"> <div class="vector-toc-text"> <span class="vector-toc-numb">3.19</span> <span>Act on Support for Protection of Technologies of Small and Medium Enterprises</span> </div> </a> <ul id="toc-Act_on_Support_for_Protection_of_Technologies_of_Small_and_Medium_Enterprises-sublist" class="vector-toc-list"> </ul> </li> <li id="toc-Act_on_Special_Cases_Concerning_Support_for_Technoparks" class="vector-toc-list-item vector-toc-level-2"> <a class="vector-toc-link" href="#Act_on_Special_Cases_Concerning_Support_for_Technoparks"> <div class="vector-toc-text"> <span class="vector-toc-numb">3.20</span> <span>Act on Special Cases Concerning Support for Technoparks</span> </div> </a> <ul id="toc-Act_on_Special_Cases_Concerning_Support_for_Technoparks-sublist" class="vector-toc-list"> </ul> </li> <li id="toc-Korea_Technology_Finance_Corporation_Act" class="vector-toc-list-item vector-toc-level-2"> <a class="vector-toc-link" href="#Korea_Technology_Finance_Corporation_Act"> <div class="vector-toc-text"> <span class="vector-toc-numb">3.21</span> <span>Korea Technology Finance Corporation Act</span> </div> </a> <ul id="toc-Korea_Technology_Finance_Corporation_Act-sublist" class="vector-toc-list"> </ul> </li> </ul> </li> <li id="toc-References" class="vector-toc-list-item vector-toc-level-1 vector-toc-list-item-expanded"> <a class="vector-toc-link" href="#References"> <div class="vector-toc-text"> <span class="vector-toc-numb">4</span> <span>References</span> </div> </a> <ul id="toc-References-sublist" class="vector-toc-list"> </ul> </li> <li id="toc-External_links" class="vector-toc-list-item vector-toc-level-1 vector-toc-list-item-expanded"> <a class="vector-toc-link" href="#External_links"> <div class="vector-toc-text"> <span class="vector-toc-numb">5</span> <span>External links</span> </div> </a> <ul id="toc-External_links-sublist" class="vector-toc-list"> </ul> </li> </ul> </div> </div> </nav> </div> </div> <div class="mw-content-container"> <main id="content" class="mw-body"> <header class="mw-body-header vector-page-titlebar"> <nav aria-label="Contents" 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mw-first-heading"><span class="mw-page-title-main">Ministry of SMEs and Startups</span></h1> <div id="p-lang-btn" class="vector-dropdown mw-portlet mw-portlet-lang" > <input type="checkbox" id="p-lang-btn-checkbox" role="button" aria-haspopup="true" data-event-name="ui.dropdown-p-lang-btn" class="vector-dropdown-checkbox mw-interlanguage-selector" aria-label="Go to an article in another language. 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<div id="contentSub"><div id="mw-content-subtitle"></div></div> <div id="mw-content-text" class="mw-body-content"><div class="mw-content-ltr mw-parser-output" lang="en" dir="ltr"><div class="shortdescription nomobile noexcerpt noprint searchaux" style="display:none">Government ministry of South Korea</div> <style data-mw-deduplicate="TemplateStyles:r1257001546">.mw-parser-output .infobox-subbox{padding:0;border:none;margin:-3px;width:auto;min-width:100%;font-size:100%;clear:none;float:none;background-color:transparent}.mw-parser-output .infobox-3cols-child{margin:auto}.mw-parser-output .infobox .navbar{font-size:100%}@media screen{html.skin-theme-clientpref-night .mw-parser-output .infobox-full-data:not(.notheme)>div:not(.notheme)[style]{background:#1f1f23!important;color:#f8f9fa}}@media screen and (prefers-color-scheme:dark){html.skin-theme-clientpref-os .mw-parser-output .infobox-full-data:not(.notheme) div:not(.notheme){background:#1f1f23!important;color:#f8f9fa}}@media(min-width:640px){body.skin--responsive .mw-parser-output .infobox-table{display:table!important}body.skin--responsive .mw-parser-output .infobox-table>caption{display:table-caption!important}body.skin--responsive .mw-parser-output .infobox-table>tbody{display:table-row-group}body.skin--responsive .mw-parser-output .infobox-table tr{display:table-row!important}body.skin--responsive .mw-parser-output .infobox-table th,body.skin--responsive .mw-parser-output .infobox-table td{padding-left:inherit;padding-right:inherit}}</style><table class="infobox"><caption class="infobox-title" style="font-size: 125%;">Ministry of SMEs and Startups</caption><tbody><tr><td colspan="2" class="infobox-subheader">중소벤처기업부<br />中小벤처企業部<br />Jungso Bencheo Gieopbu</td></tr><tr><td colspan="2" class="infobox-image"><span class="mw-default-size" typeof="mw:File/Frameless"><a href="/wiki/File:Ministry_of_SMEs_and_Startups_of_the_Republic_of_Korea_Logo_(English)_(horizontal).svg" class="mw-file-description"><img src="//upload.wikimedia.org/wikipedia/commons/thumb/b/b6/Ministry_of_SMEs_and_Startups_of_the_Republic_of_Korea_Logo_%28English%29_%28horizontal%29.svg/220px-Ministry_of_SMEs_and_Startups_of_the_Republic_of_Korea_Logo_%28English%29_%28horizontal%29.svg.png" decoding="async" width="220" height="56" class="mw-file-element" srcset="//upload.wikimedia.org/wikipedia/commons/thumb/b/b6/Ministry_of_SMEs_and_Startups_of_the_Republic_of_Korea_Logo_%28English%29_%28horizontal%29.svg/330px-Ministry_of_SMEs_and_Startups_of_the_Republic_of_Korea_Logo_%28English%29_%28horizontal%29.svg.png 1.5x, //upload.wikimedia.org/wikipedia/commons/thumb/b/b6/Ministry_of_SMEs_and_Startups_of_the_Republic_of_Korea_Logo_%28English%29_%28horizontal%29.svg/440px-Ministry_of_SMEs_and_Startups_of_the_Republic_of_Korea_Logo_%28English%29_%28horizontal%29.svg.png 2x" data-file-width="440" data-file-height="112" /></a></span></td></tr><tr><th colspan="2" class="infobox-header" style="background-color: #efefef">Agency overview</th></tr><tr><th scope="row" class="infobox-label">Formed</th><td class="infobox-data">July 26, 2017<span style="display:none"> (<span class="bday dtstart published updated itvstart">2017-07-26</span>)</span></td></tr><tr><th scope="row" class="infobox-label">Preceding agency</th><td class="infobox-data"><style data-mw-deduplicate="TemplateStyles:r1126788409">.mw-parser-output .plainlist ol,.mw-parser-output .plainlist ul{line-height:inherit;list-style:none;margin:0;padding:0}.mw-parser-output .plainlist ol li,.mw-parser-output .plainlist ul li{margin-bottom:0}</style><div class="plainlist"><ul><li style="text-indent: -1em; padding-left: 1em;"><a href="/wiki/Small_and_Medium_Business_Administration" title="Small and Medium Business Administration">Small and Medium Business Administration</a> <small>(1996-2017)</small></li></ul></div></td></tr><tr><th scope="row" class="infobox-label">Jurisdiction</th><td class="infobox-data"><a href="/wiki/Government_of_South_Korea" title="Government of South Korea">Government of South Korea</a></td></tr><tr><th scope="row" class="infobox-label">Headquarters</th><td class="infobox-data"><a href="/wiki/Sejong_City" title="Sejong City">Sejong City</a></td></tr><tr><th scope="row" class="infobox-label">Minister responsible</th><td class="infobox-data"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1126788409"><div class="plainlist"><ul><li style="text-indent: -1em; padding-left: 1em;"><a href="/w/index.php?title=Oh_Young-ju&action=edit&redlink=1" class="new" title="Oh Young-ju (page does not exist)">Oh Young-ju</a></li></ul></div></td></tr><tr><th scope="row" class="infobox-label">Deputy Minister responsible</th><td class="infobox-data"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1126788409"><div class="plainlist"><ul><li style="text-indent: -1em; padding-left: 1em;"><a href="/w/index.php?title=Oh_Kee-woong&action=edit&redlink=1" class="new" title="Oh Kee-woong (page does not exist)">Oh Kee-woong</a></li></ul></div></td></tr><tr><th scope="row" class="infobox-label">Website</th><td class="infobox-data"><span class="url"><a rel="nofollow" class="external text" href="https://www.mss.go.kr/site/eng/main.do">www.mss.go.kr</a></span></td></tr></tbody></table> <p><b>The Ministry of SMEs and Startups</b> (중소벤처기업부, 中小벤처企業部) is a ministry of the <a href="/wiki/South_Korea" title="South Korea">Republic of Korea</a>, established in July 2017 by the <a href="/wiki/Moon_Jae-in" title="Moon Jae-in">Moon Jae-in</a> government. It succeeds the former <a href="/wiki/Small_and_Medium_Business_Administration" title="Small and Medium Business Administration">Small and Medium Business Administration</a> (중소기업청, 中小企業廳). The headquarters are located in <a href="/wiki/Sejong_City" title="Sejong City">Sejong City</a>, <a href="/wiki/Sejong" class="mw-redirect" title="Sejong">Sejong</a>.<sup id="cite_ref-1" class="reference"><a href="#cite_note-1"><span class="cite-bracket">[</span>1<span class="cite-bracket">]</span></a></sup> As of February 2021, <a href="/wiki/Lee_Young" title="Lee Young">Lee Young</a>, a member of the <a href="/wiki/National_Assembly_(South_Korea)" title="National Assembly (South Korea)">National Assembly</a> and <a href="/wiki/People_Power_Party_(South_Korea)" title="People Power Party (South Korea)">People Power Party</a>, has been appointed as the South Korean Minister of SMEs and Startups.<sup id="cite_ref-2" class="reference"><a href="#cite_note-2"><span class="cite-bracket">[</span>2<span class="cite-bracket">]</span></a></sup> </p> <meta property="mw:PageProp/toc" /> <div class="mw-heading mw-heading2"><h2 id="Mission">Mission</h2><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Ministry_of_SMEs_and_Startups&action=edit&section=1" title="Edit section: Mission"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <p>The South Korean Ministry of SMEs and Startups is dedicated towards supporting the innovation, growth and security of small-to-medium sized and micro enterprises. It follows various policies to improve the conditions for small and medium-sized businesses. It aims to reduce barriers through preventing legislation that may put an excess or unreasonable burden on small and medium enterprises. It does this through identifying such regulations and difficulties that interfere with the success of SMEs and Micro-Enterprises and attempting to resolve them.<sup id="cite_ref-3" class="reference"><a href="#cite_note-3"><span class="cite-bracket">[</span>3<span class="cite-bracket">]</span></a></sup> </p><p>The South Korean MSS also works to create a desirable business environment for SMEs and start-ups. In order to achieve this, the Ministry provides support for expanding the marketing structure for SME products through help with sales strategies, design development, etc. The Ministry also implements a public purchase program, which is intended to increase the amount of contracts signed between central and local governments, public corporations and institutions and SMEs. Furthermore, the Ministry provides growth support for tech startups, which includes a Tech Incubator Program for Start-ups that offers <a href="/wiki/Research_and_development" title="Research and development">R&D</a> funds, and assures that universities provide supportive infrastructures to students who consider creating their own startup. Additionally, the MSS implements policies that both help reduce the cost of failure and reorganise and rehabilitate SMEs.<sup id="cite_ref-4" class="reference"><a href="#cite_note-4"><span class="cite-bracket">[</span>4<span class="cite-bracket">]</span></a></sup> </p><p>The South Korean Ministry of SMEs and Startups also aims to promote shared growth between large companies and small and medium enterprises. For example, the Ministry implements the SME-suitable Industry Design Scheme which regulates entry of expansion of large enterprises. In order to achieve shared growth and create a sound business ecosystem, the Ministry works alongside a number of other ministries in order to lower taxes and ease regulations for start-up firms.<sup id="cite_ref-5" class="reference"><a href="#cite_note-5"><span class="cite-bracket">[</span>5<span class="cite-bracket">]</span></a></sup> </p><p>The MSS also helps to promote the overseas expansion of SMEs, as increased exports and domestic employment is heavily beneficial for their national economy. For example, the Ministry carries out the Export Voucher Programme which provides selected small and medium enterprises with support packages to aid in global expansion. Additionally, the Ministry offers a variety of online and offline programmes for SMEs wanting to expand into overseas markets.<sup id="cite_ref-6" class="reference"><a href="#cite_note-6"><span class="cite-bracket">[</span>6<span class="cite-bracket">]</span></a></sup> </p><p>The Ministry of SMEs and Startups has hosted COMEUP, a global startup event hosted in South Korea, since 2019. COMEUP 2020 focused on overcoming the impact COVID-19 had on businesses and hosted 59 Korean domestic startups and 61 overseas startups.<sup id="cite_ref-7" class="reference"><a href="#cite_note-7"><span class="cite-bracket">[</span>7<span class="cite-bracket">]</span></a></sup> </p><p>Furthermore, in order to improve the environment of traditional South Korean markets, the Ministry conducts fire safety inspections, aids in rehabilitation and provides shopping and delivery services to attract customers. Traditional markets are often encouraged by the MSS to remodel their layout, and receive support in improving facilities, rebuilding into more modern shopping sites and improving service quality. This support from the Ministry allows for traditional markets to flourish, attracting new customers and increasing <a href="/wiki/Customer_retention" title="Customer retention">customer retention</a>.<sup id="cite_ref-8" class="reference"><a href="#cite_note-8"><span class="cite-bracket">[</span>8<span class="cite-bracket">]</span></a></sup> </p><p>Enterprises focusing on tech innovation are offered support through R&D cooperation networks between universities, research centres, and other businesses. The Ministry’s Technical Dispute Mediation/Arbitration Committee aids SMEs to build adequate security systems for protection of their technologies.<sup id="cite_ref-9" class="reference"><a href="#cite_note-9"><span class="cite-bracket">[</span>9<span class="cite-bracket">]</span></a></sup> The Ministry is one of the organisers of the <a href="/wiki/K-Startup_Grand_Challenge" title="K-Startup Grand Challenge">K-Startup Grand Challenge</a>, held in <a href="/wiki/Pangyo_Techno_Valley" title="Pangyo Techno Valley">Panggyo Techno Valley</a>, a Korean government initiative offering accelerations programs and networking opportunities to foreign startups that want to enter the Korean market.<sup id="cite_ref-10" class="reference"><a href="#cite_note-10"><span class="cite-bracket">[</span>10<span class="cite-bracket">]</span></a></sup> </p> <div class="mw-heading mw-heading2"><h2 id="Startup_climate_in_South_Korea">Startup climate in South Korea</h2><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Ministry_of_SMEs_and_Startups&action=edit&section=2" title="Edit section: Startup climate in South Korea"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <p>Reports show that Korea has become an attractive destination to international startups. In 2020, 2,648 overseas startups from 118 countries applied to participate in the K-Startup Grand Challenge, which showed an increase of 58% in comparison to application rates in 2019.<sup id="cite_ref-11" class="reference"><a href="#cite_note-11"><span class="cite-bracket">[</span>11<span class="cite-bracket">]</span></a></sup> South Korea has a strong domestic market with great purchasing power, making the country attractive to foreign entrepreneurs.<sup id="cite_ref-12" class="reference"><a href="#cite_note-12"><span class="cite-bracket">[</span>12<span class="cite-bracket">]</span></a></sup> According to the <a href="/wiki/OECD" title="OECD">OECD</a>, South Korea has the second-highest expenditures on R&D in the world, which is another pulling factor.<sup id="cite_ref-13" class="reference"><a href="#cite_note-13"><span class="cite-bracket">[</span>13<span class="cite-bracket">]</span></a></sup> Currently, small and medium-sized businesses account for 99% of all enterprises in South Korea, 88% of employment and 38% of national export.<sup id="cite_ref-14" class="reference"><a href="#cite_note-14"><span class="cite-bracket">[</span>14<span class="cite-bracket">]</span></a></sup> </p> <div class="mw-heading mw-heading2"><h2 id="Laws_surrounding_SMEs_in_South_Korea">Laws surrounding SMEs in South Korea</h2><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Ministry_of_SMEs_and_Startups&action=edit&section=3" title="Edit section: Laws surrounding SMEs in South Korea"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <p>Small and medium enterprises have played a fundamental role in South Korea’s rapid economic development, making up 99.9% percent of businesses in the country and employing nearly 88% of the workforce.<sup id="cite_ref-15" class="reference"><a href="#cite_note-15"><span class="cite-bracket">[</span>15<span class="cite-bracket">]</span></a></sup> However, due to the power of chaebols and the government’s tendency to focus resources on the development of chaebols internationally, policies to protect SMEs have, in the past, been lacking. This is now changing as the South Korean legal system is moving to promote and support SMEs in order to strengthen their economic role in the country’s development.<sup id="cite_ref-16" class="reference"><a href="#cite_note-16"><span class="cite-bracket">[</span>16<span class="cite-bracket">]</span></a></sup> </p><p>On the official site of the Ministry of SMEs and Start-ups, some of the key laws surrounding SMEs and the purpose of these acts are listed as follows:<sup id="cite_ref-17" class="reference"><a href="#cite_note-17"><span class="cite-bracket">[</span>17<span class="cite-bracket">]</span></a></sup> </p> <div class="mw-heading mw-heading3"><h3 id="Framework_Act_on_Small_and_Medium_Enterprises">Framework Act on Small and Medium Enterprises</h3><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Ministry_of_SMEs_and_Startups&action=edit&section=4" title="Edit section: Framework Act on Small and Medium Enterprises"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <p>Provides direction-setting measures that foster the creative growth and industrial structure of SMEs and facilitate the balanced development of the national economy. </p> <div class="mw-heading mw-heading3"><h3 id="Act_on_Facilitation_of_Purchase_of_Small_and_Medium_Enterprise-Manufactured_Products_and_Support_for_Development_of_their_Markets">Act on Facilitation of Purchase of Small and Medium Enterprise-Manufactured Products and Support for Development of their Markets</h3><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Ministry_of_SMEs_and_Startups&action=edit&section=5" title="Edit section: Act on Facilitation of Purchase of Small and Medium Enterprise-Manufactured Products and Support for Development of their Markets"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <p>Facilitates the purchase of SME-manufactured products to enhance the competitiveness of SMEs, increasing management stability and supporting the development of markets. </p> <div class="mw-heading mw-heading3"><h3 id="Act_on_Special_Cases_Concerning_the_Regulation_of_the_Special_Economic_Zones_for_Specialised_Regional_Development">Act on Special Cases Concerning the Regulation of the Special Economic Zones for Specialised Regional Development</h3><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Ministry_of_SMEs_and_Startups&action=edit&section=6" title="Edit section: Act on Special Cases Concerning the Regulation of the Special Economic Zones for Specialised Regional Development"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <p>Systematically aids specialised regional development through methods tailored to the specific region, helping to stimulate regional economies and the growth of the national economy. </p> <div class="mw-heading mw-heading3"><h3 id="Act_on_the_Protection_of_and_Support_for_Micro_Enterprises">Act on the Protection of and Support for Micro Enterprises</h3><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Ministry_of_SMEs_and_Startups&action=edit&section=7" title="Edit section: Act on the Protection of and Support for Micro Enterprises"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <p>Contributes to improving the social and economic status of micro enterprises by promoting independent business activities. </p> <div class="mw-heading mw-heading3"><h3 id="Act_on_Special_Measures_for_the_Promotion_of_Venture_Businesses">Act on Special Measures for the Promotion of Venture Businesses</h3><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Ministry_of_SMEs_and_Startups&action=edit&section=8" title="Edit section: Act on Special Measures for the Promotion of Venture Businesses"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <p>Facilitates the industry’s structural adjustment and promotes the establishment of venture businesses and conversion of existing enterprises into venture businesses. </p> <div class="mw-heading mw-heading3"><h3 id="Act_on_Support_for_Female-owned_Businesses">Act on Support for Female-owned Businesses</h3><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Ministry_of_SMEs_and_Startups&action=edit&section=9" title="Edit section: Act on Support for Female-owned Businesses"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <p>Seeks economic gender equality by actively supporting the establishment and activities of female-owned businesses, elevating the status of businesswomen. </p> <div class="mw-heading mw-heading3"><h3 id="Act_on_the_Fostering_of_Self-employed_Creative_Enterprises">Act on the Fostering of Self-employed Creative Enterprises</h3><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Ministry_of_SMEs_and_Startups&action=edit&section=10" title="Edit section: Act on the Fostering of Self-employed Creative Enterprises"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <p>Fosters self-employed creative enterprises by the promoting of the establishment of such enterprises by creatives. </p> <div class="mw-heading mw-heading3"><h3 id="Act_on_the_Promotion_of_Collaborative_Cooperation_between_Large_Enterprises_and_Small_and_Medium_Enterprises">Act on the Promotion of Collaborative Cooperation between Large Enterprises and Small and Medium Enterprises</h3><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Ministry_of_SMEs_and_Startups&action=edit&section=11" title="Edit section: Act on the Promotion of Collaborative Cooperation between Large Enterprises and Small and Medium Enterprises"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <p>Consolidates a ‘win-win’ type of cooperation between large enterprises and SMEs to increase competitiveness and attain shared growth, while laying a foundation of sustainable national economic development. </p> <div class="mw-heading mw-heading3"><h3 id="Act_on_the_Promotion_of_Technology_Innovation_of_Small_and_Medium_Enterprises">Act on the Promotion of Technology Innovation of Small and Medium Enterprises</h3><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Ministry_of_SMEs_and_Startups&action=edit&section=12" title="Edit section: Act on the Promotion of Technology Innovation of Small and Medium Enterprises"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <p>Expands infrastructure to promote technological innovation in SMEs and establishes and implements related policies. </p> <div class="mw-heading mw-heading3"><h3 id="Promotion_of_Disabled_Persons'_Enterprise_Activities_Act"><span id="Promotion_of_Disabled_Persons.27_Enterprise_Activities_Act"></span>Promotion of Disabled Persons' Enterprise Activities Act</h3><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Ministry_of_SMEs_and_Startups&action=edit&section=13" title="Edit section: Promotion of Disabled Persons' Enterprise Activities Act"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <p>Proactively facilitates business start-ups and entrepreneurial activities of disabled persons, improving their economic and social status, and enhancing their economic strength. </p> <div class="mw-heading mw-heading3"><h3 id="Special_Act_on_Support_for_Small_Urban_Manufacturers">Special Act on Support for Small Urban Manufacturers</h3><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Ministry_of_SMEs_and_Startups&action=edit&section=14" title="Edit section: Special Act on Support for Small Urban Manufacturers"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <p>Establishes a support system for the growth and development of small urban manufacturers and encourages their economic activity. </p> <div class="mw-heading mw-heading3"><h3 id="Small_and_Medium_Enterprise_Cooperatives_Act">Small and Medium Enterprise Cooperatives Act</h3><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Ministry_of_SMEs_and_Startups&action=edit&section=15" title="Edit section: Small and Medium Enterprise Cooperatives Act"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <p>Concerns the establishment, management, and development of cooperative organisations, through which SMEs consolidate and promote collaborative projects, with the aim of providing equal economic opportunities to all SMEs and encouraging their independent economic activities. </p> <div class="mw-heading mw-heading3"><h3 id="Small_and_Medium_Enterprises_Promotion_Act">Small and Medium Enterprises Promotion Act</h3><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Ministry_of_SMEs_and_Startups&action=edit&section=16" title="Edit section: Small and Medium Enterprises Promotion Act"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <p>Strengthen the competitiveness of SMEs through their structural advancement, and expand the business sphere for small and medium enterprises. </p> <div class="mw-heading mw-heading3"><h3 id="Special_Act_on_Support_for_Human_Resources_of_Small_and_Medium_Enterprises">Special Act on Support for Human Resources of Small and Medium Enterprises</h3><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Ministry_of_SMEs_and_Startups&action=edit&section=17" title="Edit section: Special Act on Support for Human Resources of Small and Medium Enterprises"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <p>Promotes employment in SMEs through support for programs facilitating the supply and demand of human resources, upgrading human resource structure and improving awareness on SMEs. </p> <div class="mw-heading mw-heading3"><h3 id="Special_Act_on_the_Development_of_Traditional_Markets_and_Shopping_Districts">Special Act on the Development of Traditional Markets and Shopping Districts</h3><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Ministry_of_SMEs_and_Startups&action=edit&section=18" title="Edit section: Special Act on the Development of Traditional Markets and Shopping Districts"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <p>Facilitates the modernisation of the facilities and management of traditional markets and shopping districts in order to revitalise local business areas and contribute to national economic growth. </p> <div class="mw-heading mw-heading3"><h3 id="Special_Act_on_the_Promotion_of_Business_Conversion_in_Small_and_Medium_Enterprises">Special Act on the Promotion of Business Conversion in Small and Medium Enterprises</h3><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Ministry_of_SMEs_and_Startups&action=edit&section=19" title="Edit section: Special Act on the Promotion of Business Conversion in Small and Medium Enterprises"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <p>Promotes the business conversion of SMEs that suffer difficulties due to changes in the economic environment, enhancing competitiveness and upgrading the industrial structure. </p> <div class="mw-heading mw-heading3"><h3 id="Support_for_Small_and_Medium_Enterprise_Establishment_Act">Support for Small and Medium Enterprise Establishment Act</h3><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Ministry_of_SMEs_and_Startups&action=edit&section=20" title="Edit section: Support for Small and Medium Enterprise Establishment Act"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <p>Facilitates the setting-up of SMEs and develops a firm basis for their growth, contributing to the establishment of a solid industrial structure. </p> <div class="mw-heading mw-heading3"><h3 id="Regional_Credit_Guarantee_Foundation_Act">Regional Credit Guarantee Foundation Act</h3><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Ministry_of_SMEs_and_Startups&action=edit&section=21" title="Edit section: Regional Credit Guarantee Foundation Act"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <p>Revitalises regional economies and contributes to the welfare of the population by establishing credit guarantee foundations which can guarantee obligations of SMEs and individuals short of security solvency in the district. </p> <div class="mw-heading mw-heading3"><h3 id="Act_on_Support_for_Protection_of_Technologies_of_Small_and_Medium_Enterprises">Act on Support for Protection of Technologies of Small and Medium Enterprises</h3><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Ministry_of_SMEs_and_Startups&action=edit&section=22" title="Edit section: Act on Support for Protection of Technologies of Small and Medium Enterprises"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <p>Expands infrastructure and implements policies to protect the technology and technical competitiveness of SMEs. </p> <div class="mw-heading mw-heading3"><h3 id="Act_on_Special_Cases_Concerning_Support_for_Technoparks">Act on Special Cases Concerning Support for Technoparks</h3><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Ministry_of_SMEs_and_Startups&action=edit&section=23" title="Edit section: Act on Special Cases Concerning Support for Technoparks"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <p>Clusters human and physical resources of enterprises, universities, research institutes, etcetera, in specific areas to jointly develop technology and to bring about regional innovation based on close connections and collaboration among such entities, thereby contributing to creating jobs, invigorating regional economies, and promoting national competitiveness. </p> <div class="mw-heading mw-heading3"><h3 id="Korea_Technology_Finance_Corporation_Act">Korea Technology Finance Corporation Act</h3><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Ministry_of_SMEs_and_Startups&action=edit&section=24" title="Edit section: Korea Technology Finance Corporation Act"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <p>Facilitates the financing of new business technology by stabilising and developing technology guarantee systems through the establishment of the Korea Technology Finance Corporation. </p> <div class="mw-heading mw-heading2"><h2 id="References">References</h2><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Ministry_of_SMEs_and_Startups&action=edit&section=25" title="Edit section: References"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <div class="mw-references-wrap mw-references-columns"><ol class="references"> <li id="cite_note-1"><span class="mw-cite-backlink"><b><a href="#cite_ref-1">^</a></b></span> <span class="reference-text"><style data-mw-deduplicate="TemplateStyles:r1238218222">.mw-parser-output cite.citation{font-style:inherit;word-wrap:break-word}.mw-parser-output .citation q{quotes:"\"""\"""'""'"}.mw-parser-output .citation:target{background-color:rgba(0,127,255,0.133)}.mw-parser-output .id-lock-free.id-lock-free a{background:url("//upload.wikimedia.org/wikipedia/commons/6/65/Lock-green.svg")right 0.1em center/9px no-repeat}.mw-parser-output .id-lock-limited.id-lock-limited a,.mw-parser-output .id-lock-registration.id-lock-registration a{background:url("//upload.wikimedia.org/wikipedia/commons/d/d6/Lock-gray-alt-2.svg")right 0.1em center/9px no-repeat}.mw-parser-output .id-lock-subscription.id-lock-subscription a{background:url("//upload.wikimedia.org/wikipedia/commons/a/aa/Lock-red-alt-2.svg")right 0.1em center/9px no-repeat}.mw-parser-output .cs1-ws-icon a{background:url("//upload.wikimedia.org/wikipedia/commons/4/4c/Wikisource-logo.svg")right 0.1em center/12px 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.cs1-format{font-size:95%}html.skin-theme-clientpref-night .mw-parser-output .cs1-maint{color:#18911f}}@media screen and (prefers-color-scheme:dark){html.skin-theme-clientpref-os .mw-parser-output .cs1-maint{color:#18911f}}</style><cite class="citation web cs1 cs1-prop-foreign-lang-source"><a rel="nofollow" class="external text" href="http://smba.go.kr/site/smba/main.do">"Ministry of SMES and Startups"</a>. <i>smba.go.kr</i> (in Korean)<span class="reference-accessdate">. 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Retrieved <span class="nowrap">2021-11-04</span></span>.</cite><span title="ctx_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&rft.genre=unknown&rft.jtitle=www.mss.go.kr&rft.atitle=Ministry+of+SMEs+and+Startups&rft_id=https%3A%2F%2Fwww.mss.go.kr%2Fsite%2Feng%2F03%2F20301020000002019110600.jsp&rfr_id=info%3Asid%2Fen.wikipedia.org%3AMinistry+of+SMEs+and+Startups" class="Z3988"></span></span> </li> <li id="cite_note-4"><span class="mw-cite-backlink"><b><a href="#cite_ref-4">^</a></b></span> <span class="reference-text"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite class="citation web cs1"><a rel="nofollow" class="external text" href="https://www.mss.go.kr/site/eng/03/20301030000002019110605.jsp">"Ministry of SMEs and Startups"</a>. <i>www.mss.go.kr</i><span class="reference-accessdate">. Retrieved <span class="nowrap">2021-11-04</span></span>.</cite><span title="ctx_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&rft.genre=unknown&rft.jtitle=www.mss.go.kr&rft.atitle=Ministry+of+SMEs+and+Startups&rft_id=https%3A%2F%2Fwww.mss.go.kr%2Fsite%2Feng%2F03%2F20301030000002019110605.jsp&rfr_id=info%3Asid%2Fen.wikipedia.org%3AMinistry+of+SMEs+and+Startups" class="Z3988"></span></span> </li> <li id="cite_note-5"><span class="mw-cite-backlink"><b><a href="#cite_ref-5">^</a></b></span> <span class="reference-text"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite class="citation web cs1"><a rel="nofollow" class="external text" href="https://www.mss.go.kr/site/eng/03/20301100000002019110649.jsp">"Ministry of SMEs and Startups"</a>. <i>www.mss.go.kr</i><span class="reference-accessdate">. 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Retrieved <span class="nowrap">2021-02-27</span></span>.</cite><span title="ctx_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&rft.genre=unknown&rft.jtitle=www.mss.go.kr&rft.atitle=Ministry+of+SMEs+and+Startups&rft_id=https%3A%2F%2Fwww.mss.go.kr%2Fsite%2Feng%2Fex%2Fbbs%2FView.do%3FcbIdx%3D244%26bcIdx%3D1021916%26parentSeq%3D1021916&rfr_id=info%3Asid%2Fen.wikipedia.org%3AMinistry+of+SMEs+and+Startups" class="Z3988"></span></span> </li> <li id="cite_note-12"><span class="mw-cite-backlink"><b><a href="#cite_ref-12">^</a></b></span> <span class="reference-text"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite id="CITEREFCHALLENGE" class="citation web cs1">CHALLENGE, K.-STARTUP GRAND. <a rel="nofollow" class="external text" href="http://www.k-startupgc.org/">"K-STARTUP GRAND CHALLENGE"</a>. <i>www.k-startupgc.org</i><span class="reference-accessdate">. Retrieved <span class="nowrap">2021-02-27</span></span>.</cite><span title="ctx_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&rft.genre=unknown&rft.jtitle=www.k-startupgc.org&rft.atitle=K-STARTUP+GRAND+CHALLENGE&rft.aulast=CHALLENGE&rft.aufirst=K.-STARTUP+GRAND&rft_id=http%3A%2F%2Fwww.k-startupgc.org%2F&rfr_id=info%3Asid%2Fen.wikipedia.org%3AMinistry+of+SMEs+and+Startups" class="Z3988"></span></span> </li> <li id="cite_note-13"><span class="mw-cite-backlink"><b><a href="#cite_ref-13">^</a></b></span> <span class="reference-text"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite class="citation web cs1"><a rel="nofollow" class="external text" href="http://data.oecd.org/rd/gross-domestic-spending-on-r-d.htm">"Research and development (R&D) - Gross domestic spending on R&D - OECD Data"</a>. <i>theOECD</i><span class="reference-accessdate">. Retrieved <span class="nowrap">2021-02-27</span></span>.</cite><span title="ctx_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&rft.genre=unknown&rft.jtitle=theOECD&rft.atitle=Research+and+development+%28R%26D%29+-+Gross+domestic+spending+on+R%26D+-+OECD+Data&rft_id=http%3A%2F%2Fdata.oecd.org%2Frd%2Fgross-domestic-spending-on-r-d.htm&rfr_id=info%3Asid%2Fen.wikipedia.org%3AMinistry+of+SMEs+and+Startups" class="Z3988"></span></span> </li> <li id="cite_note-14"><span class="mw-cite-backlink"><b><a href="#cite_ref-14">^</a></b></span> <span class="reference-text"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite class="citation web cs1"><a rel="nofollow" class="external text" href="https://www.mss.go.kr/site/eng/02/20202000000002019110610.jsp">"Ministry of SMEs and Startups"</a>. <i>www.mss.go.kr</i><span class="reference-accessdate">. Retrieved <span class="nowrap">2021-02-27</span></span>.</cite><span title="ctx_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&rft.genre=unknown&rft.jtitle=www.mss.go.kr&rft.atitle=Ministry+of+SMEs+and+Startups&rft_id=https%3A%2F%2Fwww.mss.go.kr%2Fsite%2Feng%2F02%2F20202000000002019110610.jsp&rfr_id=info%3Asid%2Fen.wikipedia.org%3AMinistry+of+SMEs+and+Startups" class="Z3988"></span></span> </li> <li id="cite_note-15"><span class="mw-cite-backlink"><b><a href="#cite_ref-15">^</a></b></span> <span class="reference-text"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite class="citation web cs1"><a rel="nofollow" class="external text" href="https://www.kosmes.or.kr/sbc/SH/EHP/SHEHP025M0.do#:~:text=In%20Korea,%20there%20are%20about,nearly%2088%25%20of%20the%20workforce">"Korea SMEs and Startups Agency"</a>. <i>www.kosmes.or.kr</i><span class="reference-accessdate">. Retrieved <span class="nowrap">2021-11-04</span></span>.</cite><span title="ctx_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&rft.genre=unknown&rft.jtitle=www.kosmes.or.kr&rft.atitle=Korea+SMEs+and+Startups+Agency&rft_id=https%3A%2F%2Fwww.kosmes.or.kr%2Fsbc%2FSH%2FEHP%2FSHEHP025M0.do%23%3A~%3Atext%3DIn%2520Korea%2C%2520there%2520are%2520about%2Cnearly%252088%2525%2520of%2520the%2520workforce&rfr_id=info%3Asid%2Fen.wikipedia.org%3AMinistry+of+SMEs+and+Startups" class="Z3988"></span></span> </li> <li id="cite_note-16"><span class="mw-cite-backlink"><b><a href="#cite_ref-16">^</a></b></span> <span class="reference-text"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite id="CITEREFKimKim2016" class="citation cs2">Kim, Sun Hyung Sonya; Kim, Yong Jung (2016), Lee, Cassey; Schaper, Michael T. (eds.), <a rel="nofollow" class="external text" href="https://www.cambridge.org/core/books/competition-law-regulation-and-smes-in-the-asiapacific/competition-law-policy-and-smes-in-south-korea/2CC3EE9536420B5C32F5007597D55963">"Competition Law, Policy, and Smes in South Korea"</a>, <i>Competition Law, Regulation and SMEs in the Asia-Pacific: Understanding the Small Business Perspective</i>, ISEAS–Yusof Ishak Institute, pp. 243–257, <a href="/wiki/ISBN_(identifier)" class="mw-redirect" title="ISBN (identifier)">ISBN</a> <a href="/wiki/Special:BookSources/978-981-4695-81-7" title="Special:BookSources/978-981-4695-81-7"><bdi>978-981-4695-81-7</bdi></a><span class="reference-accessdate">, retrieved <span class="nowrap">2021-11-04</span></span></cite><span title="ctx_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&rft.genre=article&rft.jtitle=Competition+Law%2C+Regulation+and+SMEs+in+the+Asia-Pacific%3A+Understanding+the+Small+Business+Perspective&rft.atitle=Competition+Law%2C+Policy%2C+and+Smes+in+South+Korea&rft.pages=243-257&rft.date=2016&rft.isbn=978-981-4695-81-7&rft.aulast=Kim&rft.aufirst=Sun+Hyung+Sonya&rft.au=Kim%2C+Yong+Jung&rft_id=https%3A%2F%2Fwww.cambridge.org%2Fcore%2Fbooks%2Fcompetition-law-regulation-and-smes-in-the-asiapacific%2Fcompetition-law-policy-and-smes-in-south-korea%2F2CC3EE9536420B5C32F5007597D55963&rfr_id=info%3Asid%2Fen.wikipedia.org%3AMinistry+of+SMEs+and+Startups" class="Z3988"></span></span> </li> <li id="cite_note-17"><span class="mw-cite-backlink"><b><a href="#cite_ref-17">^</a></b></span> <span class="reference-text"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite class="citation web cs1"><a rel="nofollow" class="external text" href="https://www.mss.go.kr/site/eng/02/20203000000002019110618.jsp">"Ministry of SMEs and Startups"</a>. <i>www.mss.go.kr</i><span class="reference-accessdate">. Retrieved <span class="nowrap">2021-11-04</span></span>.</cite><span title="ctx_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&rft.genre=unknown&rft.jtitle=www.mss.go.kr&rft.atitle=Ministry+of+SMEs+and+Startups&rft_id=https%3A%2F%2Fwww.mss.go.kr%2Fsite%2Feng%2F02%2F20203000000002019110618.jsp&rfr_id=info%3Asid%2Fen.wikipedia.org%3AMinistry+of+SMEs+and+Startups" class="Z3988"></span></span> </li> </ol></div> <div class="mw-heading mw-heading2"><h2 id="External_links">External links</h2><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Ministry_of_SMEs_and_Startups&action=edit&section=26" title="Edit section: External links"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <ul><li><span class="official-website"><span class="url"><a rel="nofollow" class="external text" href="http://smba.go.kr">Official website</a></span></span> <span class="languageicon">(in Korean)</span></li></ul> <div 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Korea">Ministries of South Korea</a></div></th></tr><tr><td class="navbox-abovebelow" colspan="3"><div><b><a href="/wiki/State_Council_of_South_Korea" title="State Council of South Korea">State Council</a></b></div></td></tr><tr><td colspan="2" class="navbox-list navbox-odd hlist" style="width:100%;padding:0"><div style="padding:0 0.25em"></div><table class="nowraplinks navbox-subgroup" style="border-spacing:0"><tbody><tr><th id="Presidential" scope="row" class="navbox-group" style="width:1%"><a href="/wiki/President_of_South_Korea" title="President of South Korea">Presidential</a></th><td class="navbox-list-with-group navbox-list navbox-odd" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/Office_of_the_President_(South_Korea)" class="mw-redirect" title="Office of the President (South Korea)">Office of the President</a></li> <li><a href="/wiki/Office_of_National_Security" title="Office of National Security">Office of National Security</a></li> <li><a href="/wiki/Presidential_Security_Service_(South_Korea)" title="Presidential Security Service (South Korea)">Presidential Security Service</a></li> <li><a href="/wiki/Board_of_Audit_and_Inspection" title="Board of Audit and Inspection">Board of Audit and Inspection</a></li> <li><a href="/wiki/National_Intelligence_Service_(South_Korea)" title="National Intelligence Service (South Korea)">National Intelligence Service</a></li> <li><a href="/wiki/Korea_Communications_Commission" title="Korea Communications Commission">Korea Communications Commission</a></li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%"><a href="/wiki/Prime_Minister_of_South_Korea" title="Prime Minister of South Korea">Prime ministerial</a></th><td class="navbox-list-with-group navbox-list navbox-even" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/Office_for_Government_Policy_Coordination" title="Office for Government Policy Coordination">Office for Government Policy Coordination</a></li> <li><a href="/w/index.php?title=Prime_Minister%27s_Secretariat_(South_Korea)&action=edit&redlink=1" class="new" title="Prime Minister's Secretariat (South Korea) (page does not exist)">Prime Minister's Secretariat</a></li> <li><a href="/wiki/Ministry_of_Personnel_Management" title="Ministry of Personnel Management">Personnel Management</a></li> <li><a href="/wiki/Ministry_of_Government_Legislation" title="Ministry of Government Legislation">Government Legislation</a></li> <li><a href="/wiki/Ministry_of_Food_and_Drug_Safety" title="Ministry of Food and Drug Safety">Food and Drug Safety</a></li> <li><a href="/wiki/Fair_Trade_Commission_(South_Korea)" title="Fair Trade Commission (South Korea)">Fair Trade Commission</a></li> <li><a href="/wiki/Financial_Services_Commission_(South_Korea)" title="Financial Services Commission (South Korea)">Financial Services Commission</a></li> <li><a href="/wiki/Anti-Corruption_and_Civil_Rights_Commission" title="Anti-Corruption and Civil Rights Commission">Anti-Corruption and Civil Rights Commission</a></li> <li><a href="/wiki/Personal_Information_Protection_Commission_(South_Korea)" title="Personal Information Protection Commission (South Korea)">Personal Information Protection Commission</a></li> <li><a href="/wiki/Nuclear_Safety_and_Security_Commission" title="Nuclear Safety and Security Commission">Nuclear Safety and Security Commission</a></li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%">Ministerial</th><td class="navbox-list-with-group navbox-list navbox-odd" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/Ministry_of_Agriculture,_Food_and_Rural_Affairs_(South_Korea)" title="Ministry of Agriculture, Food and Rural Affairs (South Korea)">Agriculture, Food and Rural Affairs</a></li> <li><a href="/wiki/Ministry_of_Culture,_Sports_and_Tourism" title="Ministry of Culture, Sports and Tourism">Culture, Sports and Tourism</a></li> <li><a href="/wiki/Ministry_of_Economy_and_Finance_(South_Korea)" title="Ministry of Economy and Finance (South Korea)">Economy and Finance</a></li> <li><a href="/wiki/Ministry_of_Education_(South_Korea)" title="Ministry of Education (South Korea)">Education</a></li> <li><a href="/wiki/Ministry_of_Employment_and_Labor" title="Ministry of Employment and Labor">Employment and Labor</a></li> <li><a href="/wiki/Ministry_of_Environment_(South_Korea)" title="Ministry of Environment (South Korea)">Environment</a></li> <li><a href="/wiki/Ministry_of_Foreign_Affairs_(South_Korea)" title="Ministry of Foreign Affairs (South Korea)">Foreign Affairs</a></li> <li><a href="/wiki/Ministry_of_Gender_Equality_and_Family" title="Ministry of Gender Equality and Family">Gender Equality and Family</a></li> <li><a href="/wiki/Ministry_of_Health_and_Welfare_(South_Korea)" title="Ministry of Health and Welfare (South Korea)">Health and Welfare</a></li> <li><a href="/wiki/Ministry_of_the_Interior_and_Safety" title="Ministry of the Interior and Safety">Interior and Safety</a></li> <li><a href="/wiki/Ministry_of_Justice_(South_Korea)" title="Ministry of Justice (South Korea)">Justice</a></li> <li><a href="/wiki/Ministry_of_Land,_Infrastructure_and_Transport" title="Ministry of Land, Infrastructure and Transport">Land, Infrastructure and Transport</a></li> <li><a href="/wiki/Ministry_of_National_Defense_(South_Korea)" title="Ministry of National Defense (South Korea)">National Defense</a></li> <li><a href="/wiki/Ministry_of_Oceans_and_Fisheries" title="Ministry of Oceans and Fisheries">Oceans and Fisheries</a></li> <li><a href="/wiki/Ministry_of_Patriots_and_Veterans_Affairs" title="Ministry of Patriots and Veterans Affairs">Patriots and Veterans Affairs</a></li> <li><a href="/wiki/Ministry_of_Science_and_ICT" title="Ministry of Science and ICT">Science and ICT</a></li> <li><a class="mw-selflink selflink">SMEs and Startups</a></li> <li><a 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