New Venture Business In Korea

New go Business in Korea -An Alternative for the hereafter ? Contents I. Introduction ?. venture Business Promotion indemnity of the Korean Government ?. KOSDAQ(Korea Securities Dealers automatise Quotation) Stock Market and Venture Business IV. Current Situation of Venture Business in Korea V. Conclusion Paper to be presented at the outside(a) Conference in Tunghai University, Taichung, Taiwan. June 2nd and 3rd 2,000. Lee Kang-Yong segment of International workmanship Hannam University, Taejon, Korea Tel) 82-42-629-7600 Fax) 82-42-636-5879 E-mail : kylee@eve.hannam.ac.kr I. Introduction Since the currency crisis, Korea has interpolated its fundamental philosophy of sparing operation system. Most significant heightens came from the attitude toward the foreign capital. In the past, foreign direct investment was not forbidden throw out the administrative procedures was so long and complex that very hardly a(pre nominal) foreign capital was invested in Korea. But after the pecuniary crisis, Korean government has changed its policy toward foreign capital and active many new measures to encourage the FDI.

The second important change is the policy focus for the promotion of diminutive and moderate rise up enterprises including venture companies. Koreas conglomerate-based mass-production pattern, which has been the key to quantitative growth, was considered to have lost its armed services posture in re-invigorating the economy and supporting its sustained expansion. For example, Koreas development sight deficit was partly attributed to structural imbalance in the industrial sector, which consists primarily of mass-production impor! t-inducing industries. Korean big business groups with their economy-of-scale manufacturing strategies are decision it increasingly difficult to adapt flexibly to ever-changing beingness markets and to overcome Koreas structural obstacle : high-cost low-efficiency structure. Promotion of small and medium size corporation including venture...If you want to get a honorable essay, order it on our website: OrderEssay.net

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