Current Status and Future Challenges of the Micro-Enterprise Policy

December 28, 2016

Since the introduction of Korea’s micro-enterprise policy 18 years ago, support systems for micro-enterprises have been established, many more support programs have been put in place, and significant amounts of investment have been made every year. Nonetheless, little systematic analysis has been done of the current status of the micro-enterprise policy. As policies for micro-enterprises are led primarily by the Small and Medium Business Administration (SMBA), it is important to approach such analysis from the perspective of small and medium enterprises (SMEs). Given that policies for micro-enterprises have diverse policy aspects, it is necessary to increase the consistency and effectiveness of the micro-enterprise policy based on comprehensive analyses.