Korean enterprises have been forced to improve and maintain their competitiveness by enhancing their technological/innovation capabilities. Government policy measures aimed at assisting small and medium-sized enterprises (SMEs) include making it easier to recruit research personnel and technicians, giving financial support to technological development and for joint projects with academia and public institutes, and making it easier to borrow money. Following the economic crisis in Korea in December 1997, it is absolutely essential for SMEs to enhance their innovation capabilities to remain competitive in international markets. The measures to assist SMEs must be enhanced and an effective evaluation system instituted.
No takes yet. Share an insight, caveat, or question.
Sunyang Chung (1999) studied this question.
Synapse has enriched 5 related papers. Consider them for comparative context: