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Korea Today - Small and Medium-sized Business History Hall 중소기업역사관
 
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Live From korea Small and Medium-sized Business History Hall Mapo-gu, Seoul 서울 마포구 중소기업역사관
Views: 527 ARIRANG ISSUE
Chon, Yong Ho, Director of Small & Medium Business Corporation S. Korea on The Leaderonomics Show
 
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Growing economic globalisation creates increasing competitive challenges and new business opportunities for SMEs. South Korea offers big potential in technology partnerships and bilateral trade for South East Asian region. This interview covers how the government of South Korea assist companies like Hyundai to reach the global market. http://www.leaderonomics.tv
Views: 1860 Leaderonomics Media
Business Today: Too many small-sized firms in Korea - Structural imbalance
 
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The biggest concern for Korea's economic policy makers in recent days has been sluggish domestic economy... and the health of Asia's fourth-largest economy is largely dependent on small businesses. In fact, as of 2009, Korea's Small and Medium Enterprises accounted for 99.9 percent of all business establishments, and they hired 87.7 percent of domestic workers as a whole. This... as opposed to a handful of conglomerates that lead this economy in the form of strong exporters. Analysts think this needs to be changed -- Dr. Kim Byoung-joo is here with me for a discussion. So, we have new data that shows... most businesses in Korea are way too small on a global standard? And, this is a problem, you say? And, such a landscape in the Korean economy results in economic losses? How do we explain why we have this undesirable imbalance for small-sized businesses? So, always the million dollar question - what can we do to improve this structural imbalance?
Views: 183 ARIRANG NEWS
SME's at forefront of Korea-Mexico business forum
 
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중소기업이 대거 참여한 한•멕시코 비즈포럼 As Jisun mentioned earlier, a business forum was also held on the sidelines of the summit on Monday. It was an opportunity for Korean companies, especially small and medium-sized enterprises, to meet and do business with Mexican and foreign partners. Kwon Jang-Ho has this report. While President Park Geun-hye and President Enrique Pena Nieto announced they would work towards a bilateral trade agreement, Korean businesses were preparing to meet with Mexican and foreign business partners at a forum organized by the two governments. At the first of such forums between the two countries since 2010, 95 Korean businesses were present -- mostly small and medium sized companies coming from various sectors, such as car parts manufacturing, consumer goods and electronics. On the buyer's side, over a hundred and eighty representatives from local branches of car manufacturers, such as Ford and BMW, to retailers like Amazon Mexico. Over four-hundred and fifty individual meetings took place, and a total of 33 deals were made, worth 86-million U.S. dollars. A similar business forum took place in Los Angeles on Saturday, and together over two hundred and fifty million dollars worth of deals were signed. The forums have been considered a success at championing SMEs and startups that have received support from the Korean government through its 'Creative Technology Innovation Centers' launched last year. One of its biggest success stories has been "Marine Techno," a cosmetics company that specializes in products made from marine collagen. It was one of the first to benefit from a government backed crowdfunding website launched in January, reaching its funding goal in a day. The company attended both forums in L.A. and Mexico and signed five MOU's worth 560-thousand dollars. Korea and Mexico are planning to resume FTA talks by the end of the year, and Korean businesses are hoping they go without a hitch, so they are able to explore further business opportunities between the two countries. Kwon Jang-Ho, Arirang News. Visit ‘Arirang News’ Official Pages Facebook(NEWS): http://www.facebook.com/newsarirang Homepage: http://www.arirang.com Facebook: http://www.facebook.com/arirangtv Twitter: http://twitter.com/arirangworld Instagram: http://instagram.com/arirangworld
Views: 242 ARIRANG NEWS
S. Korea's SMEs hope for another industrial park in N. Korea
 
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South Korea's small-and-medium sized businesses are considering investing in a new, economic free trade zone in North Korea. They're hoping to build another joint industrial complex... like the one in Kaesong,.. but they are setting their sights further north. Our Ji Myung-kil reports. The Korea Federation of Small and Medium Business announced Thursday that it's considering building an industrial complex in North Korea's Rajin-Sonbong Free Trade Economic Regions. Federation chairman Kim Ki-mun said at a policy forum in China on Thursday, that at the request of Korea's small-and-medium sized firms... the group is currently reviewing plans. The new complex would likely be similar to the inter-Korean industrial park located in Kaesong, which currently stands as the prototype for economic integration between the two Koreas... and a symbol of possible reunification. Chairman Kim said the project,... dubbed "the 2nd Kaesong Industrial Complex"... is looking to build on 3-point-3 million square meters of land at a suitable location near the Rajin-Sonbong development regions, since it is close to the borders of China and Russia. The business federation says it plans on making a trip to North Korea in the near future, to meet with officials and discuss further ideas on investment and developments for a potential deal. Ji Myung-kil, Arirang News.
Views: 80 ARIRANG NEWS
Next wave of India-Korea bilateral investment to be driven by SMEs
 
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Acknowledging that the bilateral trade between India and South Korea is below its potential, Citibank Korea CEO Jin-Hei Park said the next wave of investment will be driven by small and medium enterprises. Bilateral trade between India and South Korea in 2017 totalled USD 20 billion, and investments have shown an upward trend. Both sides have pledged to increase it to USD 50 billion by 2030. "Large corporates have significant resources to invest quickly and penetrate any market. The challenge is to ensure that these large investments attract SMEs from both sides to also participate in the growth cycle. The ripple effect needs to cascade down where SMEs from Korea collaborate with medium size enterprises from India on a great idea," he told PTI. Highlighting the importance, he said, half of the delegation that accompanied South Korean President Moon Jae-in last month to India were medium size enterprises from Korea looking to evaluate independent opportunities and not only just be a part of the supply-chain distribution for large companies. "The key to a flourishing Korea-India trade corridor is to ensure greater people and resource connectivity amongst SME's. This will move the partnership to the next level. It's not limited to large corporations," he said. To facilitate investment, Citi has already opened a Korea business desk. It provides services such as trade finance, corporate loans, cash management and investment banking. "As our clients move their capital around the region, we have emerged as the banker of choice that enables greater Asia-to-Asia flows. We have been instrumental in driving the growth of six to seven such large corridors in Asia for our clients. India - Korea is one of the big trade corridors along with China-India-Korea-Vietnam," he said. He expressed hope that the trade flows between Korea and India will be driven by large corporates setting up facilities across both markets primarily in the automotive and electronics sector. "While Samsung and Hyundai will set up manufacturing facilities in India, Mahindra and Tata would do so in Korea. These large corporations will then bring their supply-chain partners to support their growth needs. So, Hyundai and Kia will ensure that their ancillary partners also set up facilities along with them as part of the supply-chain process," he said. Citing example of Kia Motars, Park said, the company is investing around USD 1.2 billion, but the total FDI inflow will be around USD 2 billion when combined with the investment from its suppliers. Kia alone will employ around 3,000 to 4,000 employees and when combined with their vendor partners and the R&D centre, the employee base is expected to be around 11,000 individuals, he said. "Such investments have a significant impact on the local economy and we have seen this time and again in other markets too," he said. The Korea - Vietnam trade corridor is another example of such economic activity. Samsung alone employs more than 1,50,000 people in Vietnam, he said. Source :- economictimes.indiatimes Background Music :- bensound.com Disclaimer- This channel is for defence related news worldwide . We try to give you true news related to each and every aspects of defence . It is either country, defence weapon, air Force, army ,navy, military or anything we will try to fully explain . The content specially news we upload are taken from various news channels and media houses . we never claim it is 100 % on our behalf but we try to deliver you exact without rumours . our news is specially related to india . As India is a growing country specially in defence under narendra modi BJP government . Channel Link: https://www.youtube.com/DefenceTube Facebook Link: https://www.facebook.com/defencetube Twitter Link : https://twitter.com/DefenceTube Check my all playlist : https://www.youtube.com/defencetube/playlist
Views: 1294 Defence Tube
Business Daily(Ep.307) Korean SMEs & exports _ Full Episode
 
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Korean SMEs & exports As Korea's exports struggle to get back into the black, the government is supporting small and medium-sized businesses to help strengthen the country's growth potential. We meet some of those SMEs. Widening gap in education One of the first things to go when people's incomes drop is spending on education. There's a been a growing gap in the amount families can dedicate to their children's studies and experts say this disparity might have greater consequences down the line. 수출 날개 단 중소기업, 그 비결은? 우리 경제의 버팀목인 수출이 장기간 부진의 늪에 빠진 가운데, 최근 중소기업들이 수출 활로를 개척하고 있다. 그동안 내수에만 주력했던 중소기업이 다양하고 신선한 아이디어로 각국에 인기를 끌고 있는데~ 중소기업의 수출 비결은 무엇일까? 교육비 격차로 대물림되는 '금수저 흙수저' 소득이 많은 계층과 적은 계층 간의 교육비 지출 격차가 무려 8배에 이르렀다. 부의 대물림이 소득과 교육비 차이로 이어지고, 나아가 계층 이동을 가로막게 되는데... 금수저와 흙수저로 대표되는 현대판 계급사회, 과연 이대로 괜찮을까? Arirang's representative news program "Arirang NEWS" provide up-to-the-minute, objective and in-depth coverage of domestic and international news every 2 hours. Visit ‘Arirang News’ Official Pages Facebook(NEWS): http://www.facebook.com/newsarirang Homepage: http://www.arirang.com Facebook: http://www.facebook.com/arirangtv Twitter: http://twitter.com/arirangworld Instagram: http://instagram.com/arirangworld
Views: 146 ARIRANG TV
SME's in Korea to face growth struggles in 2018 due to factors home and abroad: IBK
 
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IBK "대내외 불확실성…내년 中企 생산•설비투자 정체" Small and medium sized businesses are expected to struggle to grow next year... due to uncertainties in the economy at home and abroad. According to a report released today by the Industrial Bank of Korea, increases in production at SME's will likely be limited due to factors such as a slowdown in the construction sector in Korea, and a possible renegotiation of the free trade agreement with the U.S. It also warns that investment in SME's will also likely take a hit... due to an expected cut in tax credits for capital investment by bigger businesses. However, it's not all bad news. The report also says the Moon administration's drive to raise the minimum wage and create jobs should push up household income and increase their spending power. Arirang News Facebook: http://www.facebook.com/arirangtvnews ------------------------------------------------------------ [Subscribe Arirang Official YouTube] ARIRANG TV: http://www.youtube.com/arirang ARIRANG RADIO: http://www.youtube.com/Music180Arirang ARIRANG NEWS: http://www.youtube.com/arirangnews ARIRANG K-POP: http://www.youtube.com/arirangworld ARIRANG ISSUE: http://www.youtube.com/arirangtoday ARIRANG CULTURE: http://www.youtube.com/arirangkorean ------------------------------------------------------------ [Visit Arirang TV Official Pages] Facebook: http://www.facebook.com/arirangtv Twitter: http://twitter.com/arirangworld Instagram: http://instagram.com/arirangworld Homepage: http://www.arirang.com ------------------------------------------------------------ [Arirang K-Pop] YouTube: http://www.youtube.com/arirangworld Facebook: http://www.facebook.com/arirangkpop Google+: http://plus.google.com/+arirangworld
Views: 185 ARIRANG NEWS
Top 20 Best Small Business Ideas for Beginners in 2017
 
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Top 20 best small business ideas for beginners in 2017. Start a small business with low cost capital investment in 2017. Also, Subscribe our young entrepreneurs channel for more business ideas in future. Checkout our popular best small business ideas videos. Top 40 Small Business Ideas in India - https://www.youtube.com/watch?v=z_IvoZQkcgs Top 15 Best Small Business Ideas to Start your small business - https://www.youtube.com/watch?v=VlotQmjVork Top 10 Profitable Small Business ideas in 2016 - https://www.youtube.com/watch?v=07fsKAG5kZc If you're going to start a small business as new beginner then, you've to read this whole video description for understanding many important things before starting your own business. No doubt, already you've watched this full video and also, subscribed this channel, But, have you think one question! which business idea is best for your passion! Before choosing any business, you need to identify your passion. If you don't find your passion then, these all top 20 small business ideas for beginners are worth less. There are many filed you can choose for starting a small business as beginner. Agriculture, import & export, technology, arts & crafts, Internet, Traveling and many more field are evergreen in present market. If you're still confused then, comment your question. I'll give you answer. Well, I've some questions which might be cleared from your side. 1. What is your level of preparedness? Are you skilled in your business? 2. How much capital do you have? Do you have specific amount of money to run your small business? 3. Do you know about who is on your team? 4. Also, have you rectifed about how strong is your business plan? 5. What business idea and skills do you've in mind? Be cleared with these all 5 questions before selecting any business idea from these Top 20 Best Small Business Ideas for Beginners. Also, do subscribe our channel.
Views: 1615000 Young Entrepreneurs Forum
Half of Korea′s global No.1 companies are ventures 

세계시장 점유율 1위 기업 중 절반이 벤처
 
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Supporting start-ups and fostering small- and mid-sized companies as major exporters-that′s at the heart of President Park Geun-hye′s drive... to turn Korea into what she calls a creative economy. And already, there are more start-ups than large companies... as it pertains to securing the number one position in the global market. Our Song Ji-sun has this story. Scanning fingerprints is now a common way of keeping work-hour records for employees. This Korean company, called Suprema, has won global recognition for developing and marketing the widest range of products in biometrics and access security industries. As the only company in the world capable of rolling out all products by using its own technologies and parts, it grabbed a 16 percent share in the fingerprint recognition module market in less than 15 years since its founding. "Many come up with business ideas, but the key to success for startups is commercializing those ideas. We′ve proved our technical prowess by repeatedly winning in the industry′s most coveted competitions." Suprema is one of some 63 Korean startups that enjoy number-one market share in the global stage... according to Korea′s Small and Medium Business Administration. Although the Korean corporate sector is best known for the success of chaebols, or conglomerates, startups account for nearly half of Korea′s 130 companies that have grabbed the largest market share in the world. Large companies represent only a quarter of them. The startup stars range from manufacturers of juicers to vessel engine bearings. "Aggressive investment in research and development is key these startups could keep their lead in the global market. These leading startups are also actively diversifying their export markets... shipping their products to an average of 31-countries. " Even if Korean startups manage to develop competitive technologies, many of them need support in other areas. "These startup businesses venture overseas markets solely with their technologies... but they lack efficient means to gain access to global clients. The government can help them win recognition by arranging exhibitions and other international events. " Industry experts also point out educational reform is needed to foster entrepreneurship and creativity badly needed to turn Korea into a trendsetter from a fast follower. Song Ji-sun, Arirang News.
Views: 121 ARIRANG NEWS
Ecuador wants to learn from Korea's economic success: minister
 
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Ecuador wants to learn from Korea's economic success: minister. BUSINESS Ecuador wants to learn from South Korea's rapid economic development and expand trade and investment opportunities between small and medium enterprises of the two nations, a government policy....
Views: 3 Caribbean News
Korea Today - South Korea faced with saturation in small, privtely owned business 공급과잉에 빠진 대한민국 경제
 
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ON POINT Satistics Korea says every 3 out of 10 people in South Korea are running their own, small, fanchised businesses such as fried-chicken joints and coffee shops. It was reported that thses small businesses are located within 170meters from each other. Now the country is faced with oversaturation on small, privately owned businesses. 요즘 한국 거리에 특별한 풍경이 만들어지고 있다. 커피집, 성형외과, 치킨집 등 같은 업종들이 한 거리에 무수히 생겨나고 있는 것이다. 왜 같은 업종들이 우후죽순 늘어나는지 그 현상에 대해 취재했다
Views: 231 ARIRANG ISSUE
GL MORE Korea Traditional food company Introduction
 
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GL MORE is one of small and medium sized business in Korea. They are introducing their company.
Views: 8 Esellers Trade
GSBC(Gyeonggi Small & Medium Business Center)
 
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Gyeonggi Province established the Gyeonggi Small Business Center to support its small & medium-sized enterprises. With relocation to the new GSBC building, the GSBC is furnished an active supporting system for small and medium enterprises. With the completion of the GSBC building in iui-dong, Suwon City, the GSBC will be able to provide One-stop Service for small and medium businesses with the cooperation of small business support institutions, credit guarantee & financial institutions, authorized inspection agencies and many others. The center can play a important role in increasing competitiveness of these businesses by providing them a variety of supports. Our new supporting system(One-Roof, One-Stop Service System) helps small & medium-sized businesses solve their difficulties in a single location.
Views: 74 KOMPASS KOREA
Munseob Lee on enterprises in South Korea
 
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Professor Munseob Lee has conducted a research project on the growth of small and medium sized enterprises in South Korea. He found that cooperation with government and the use of big data allows researchers to understand business dynamics better.
Welcome to Namsun GTL. Korea Fruit Company
 
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NAMSUN GTL CO., LTD. We, NAMSUN GTL, are one of the leading companies in Korea. Trading, Global Logistics and Homeshopping Business are the parts which we are publishing the slogan - 'Global Trade & Link' with our customer's satisfaction. Today is the global network generation. We have smart social network skills with long term marketing know-how in these fields. NAMSUN GTL is exporting agricultural products with our special brand - 'SU MI SUN', 'SmartFarm' and Korean traditional processed foods to the world. For the maintenance of the high quality, we are doing our best with our farmers, developers and customers for more than 10 years. NAMSUN GTL is located in Chungcheongbuk-Do province where is the best agricultural area producing fresh farm products in Korea. We already have the favorable reputation of both brand and province from our abroad foods exposition and direct sales marketing events. Now we are moving forward with the mind - 'Global Top Leader' to make a win-win business between you and us with this all multi-network system and advanced plan. NAMSUN GTL has below certificates by reliable organizations. 1. Export Specialized Company (By Ministry of Knowledge and Economy & Korea Trade Association) 2. ISO 9001:2008 (By ISO Certificate Agency) 3. Main Biz (By Small and Medium Business Administration) 4. Export Promising Company (By Small and Medium Business Administration)
COUNTRY DIALOGUE RUSSIA - KOREA. BUSINESS FORUM, 5.09.2015 11:00
 
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Meetings of Russian and Korean businessmen within Business Dialogue is an excellent platform for better understanding of the condition of markets of the two countries. The participants’ interests are quite diverse: from energy, transport, machinery building to agriculture and aqua culture technologies. A circumstance of no small importance is constant search of prospective projects also in the level of small and medium entrepreneurship. The basic content of the Russian-Korean business dialogue – what is necessary for successful work of businessmen in Russia and Korea and what is done for this purpose in our countries. http://www.forumvostok.ru/en/delovaya-programma/2671/ Eastern Economic Forum September 3-5, Vladivostok http://www.forumvostok.ru http://www.facebook.com/forumvostok http://twitter.com/EastForum15 511 1 Dialog eng
Korea opens third stock market for smaller companies
 
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Click "CC" for Scripts Subscribe to arirang! http://www.youtube.com/subscription_center?add_user=arirangnews Stock traders got a brand new market at the start of the business day this morning. The Korea New Exchange, or KONEX, is now the place to go. to invest in the nation's small- to mid-sized businesses Yoo Li-an reports on the new financing vehicle. The Korea New Exchange, or KONEX,. Korea's third stock market,. is now up and running. The KONEX was created with the aim of helping start-ups and small- to mid-sized businesses with high growth potential finance themselves,. as they are too small to be listed on either the KOSPI, the main bourse, or the tech-heavy KOSDAQ. Visit us on Homepage http://www.arirang.co.kr Like us on Facebook http://www.facebook.com/arirangtv Follow us on Twitter https://twitter.com/arirangworld
Views: 496 ARIRANG NEWS
Social venture businesses in Korea on the rise
 
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http://www.arirang.co.kr/News/News_Index.asp Subscribe:http://www.youtube.com/subscription_center?add_user=arirangnews Social ventures, or businesses that devote themselves to helping society, are a relatively new concept in Korea, but it's one that is catching on. Around 1-thousand of these companies exist today nationwide, and the number is on a steady climb. Kwon Soa takes a look at what some of these social ventures do. The pursuit of profits is not the main focus of social ventures. Their aim is to contribute to society by providing people in need with services or jobs. This small enterprise, based in Seoul, makes creative hangers with the help of 50 employees who are homeless people. "Contrary to our biases, these people have a strong will to support themselves. While thinking about how to help them, we came up with the idea of starting a business to provide them with jobs." This business gives back to society in a different way. These may look like ordinary flower print products, but they contain stories of Korean comfort women, victims of sexual slavery during Japan's colonial rule of the Korean peninsula. The flower cushions and cell phone cases are born of pressed flowers and are made by former comfort women Shim Dal-yeon and Kim Soon-ak during psychological therapy. The company plans to donate 70 percent of its net profits toward the construction of a comfort women history museum. "We never want people to forget the story of the comfort women. We also want to inform people about their stories who don't know much about them." To boost the trend in social ventures, the Korean government supports start-ups that are in their early stages with up to 28-thousand dollars for management and equipment costs. Kwon Soa, Arirang News.
Views: 342 ARIRANG NEWS
S. Korea's small firms bid to create blockbuster products
 
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S. Korea's small firms bid to create blockbuster products [Anchor] Small and medium firms account for 99 percent of South Korea's businesses and 88 percent of the nation's workforce. With these figures highlighting the importance of enhancing the health of small and medium businesses, an exposition took place bringing together some of their most popular products. Let's take a look. [Reporting] This clay product made in silicon is popular among children. Unlike other clay products, this silicon-based clay can be recycled several times. This company patented the technology that prevents the silicon from stiffening. Also, this vacuum cleaner is very useful when cleaning the bed or couch. It exterminates germs through the ultraviolet ray lamp that functions as a sterilizer and with its honey bee-looking design, it gained popularity not only in the domestic market but also in overseas countries. These products were all selected as the year's most successful products by small and medium firms. The 2011 Small & Medium Firms Hit Product Festival kicked off on Nov. 21st for a two day run, bringing together 230 small and medium businesses at the Coex mall. The event provided an opportunity for startups less than 3 years old listed in the HIT500 project, to promote their products [Interview - Ko Jeong-eun, employee /'L' lamp maker] ~ We hope to receive more support in marketing. Because retail channels are very difficult to penetrate for small companies, if the government put more focus on that area, it would be very helpful for small and medium businesses. Buyers' meetings were attended by around 50 officials from major retailers including Hyundai Home Shopping, and about 600 consulting sessions were held. Another highlight of the event was an SNS writing contest, which invited visitors and college reporters to tour the booth and submit a review of companies and their products. [Interview - Ko Eun-bin / College reporter, Junior student at Inha University] ~ I found out that, with their IT technologies and high technological concentrations, small and medium companies had more to offer than I previously thought and I think small and medium firms can consider us as a new way for promoting and marketing their products. Such events took into account that communication with consumers is becoming increasingly important for companies to make inroads into various markets. The latest exposition is expected to have expanded sales and retail channels for small and medium firms, especially young startups.
Views: 54 itstvnz
Tight regulations continue to discourage business growth in South Korea
 
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경기 침체 및 규제로 인한 중소기업들에게 나타난 '피터팬 증후군' "Peter Pan Syndrome" is a psychological concept where adults do not want or feel unprepared to grow up. Experts say this trend can be seen in South Korea's business sector as there's a tendency for some small-and-medium sized companies to actively avoid growing due to the extra regulations and taxes they will be hit with when they make the step up. Won Jung-hwan reports. Despite years of government efforts to remove red tape that hinders investment and employment,… a web of regulations continues to hamper business activities in South Korea, some even discouraging local firms from expanding. When smaller enterprises grow to become mid-sized enterprises they face some difficulties in terms of losing state support and face increased regulations,... prompting some to actively take steps to avoid expanding. According to the CEO of a local company, which became a mid-sized enterprise in April,… government support has dried up, tax breaks have evaporated and regulations have become much more restrictive. "Tax benefits for investment in equipment and R&D expenditure have changed... and the amount of state support we receive has dropped sharply. It has also become more difficult to hire new people as we're no longer allowed to hire more replaced-duty military personnel who work for a specific industry." Data indicates it takes an average of 20 years for domestic SMEs to grow into mid-standing companies,… but due to various regulations related to job creation, R&D and investment,... some either self-downsize or resist the temptation to grow at all. "According to our annual survey, five-point-nine-percent of mid-sized enterprises said they've looked into downsizing to an SME. Most of them said they were considering it due to the sharp reduction in tax benefits." While Peter Pan Syndrome in the economic sphere indicates there's plenty of foundational support measures for SMEs,… experts say measures should be drawn up to help small businesses grow into mid-sized firms and for medium-sized companies to become conglomerates under a new tax break system as well as further government-led R&D support. To this end,... Korea's trade ministry has announced a five-year policy plan to nurture more than 80 mid-sized firms. However, experts say the government needs to seriously consider softening the level of regulations that stifle smaller firms and discourage them from growing,... and thus hiring more people. Won Jung-hwan, Arirang News. Arirang News Facebook: http://www.facebook.com/arirangtvnews ------------------------------------------------------------ [Subscribe Arirang Official YouTube] ARIRANG TV: http://www.youtube.com/arirang ARIRANG RADIO: http://www.youtube.com/Music180Arirang ARIRANG NEWS: http://www.youtube.com/arirangnews ARIRANG K-POP: http://www.youtube.com/arirangworld ARIRANG ISSUE: http://www.youtube.com/arirangtoday ARIRANG CULTURE: http://www.youtube.com/arirangkorean ARIRANG FOOD & TRAVEL : http://www.youtube.com/ArirangFoodTravel ------------------------------------------------------------ [Visit Arirang TV Official Pages] Facebook: http://www.facebook.com/arirangtv Twitter: http://twitter.com/arirangworld Instagram: http://instagram.com/arirangworld Homepage: http://www.arirang.com ------------------------------------------------------------ [Arirang K-Pop] YouTube: http://www.youtube.com/arirangworld Facebook: http://www.facebook.com/arirangkpop Google+: http://plus.google.com/+arirangworld
Views: 81 ARIRANG NEWS
Tight regulations continue to discourage business growth in South Korea
 
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경기 침체 및 규제로 인한 중소기업들에게 나타난 '피터팬 증후군' "Peter Pan Syndrome" is a psychological concept where adults don't want to grow up. Experts say this trend can be seen in South Korea's *business sector... as some small-and-medium sized companies tend to avoid growing. Our Won Jung-hwan tells us why. Despite years of government efforts to remove red tape that hinders investment and employment,… a web of regulations continues to hamper business activities in South Korea, some even discouraging local firms from expanding. When smaller enterprises grow to become mid-sized enterprises they face some difficulties in terms of losing state support and face increased regulations,... prompting some to actively take steps to avoid expanding. According to the CEO of a local company, which became a mid-sized enterprise in April,… government support has dried up, tax breaks have evaporated and regulations have become much more restrictive. "Tax benefits for investment in equipment and R&D expenditure have changed... and the amount of state support we receive has dropped sharply. It has also become more difficult to hire new people as we're no longer allowed to hire more replaced-duty military personnel who work for a specific industry." Data indicates it takes an average of 20 years for domestic SMEs to grow into mid-standing companies,… but due to various regulations related to job creation, R&D and investment,... some either self-downsize or resist the temptation to grow at all. "According to our annual survey, five-point-nine-percent of mid-sized enterprises said they've looked into downsizing to an SME. Most of them said they were considering it due to the sharp reduction in tax benefits." While Peter Pan Syndrome in the economic sphere indicates there's plenty of foundational support measures for SMEs,… experts say measures should be drawn up to help small businesses grow into mid-sized firms and for medium-sized companies to become conglomerates under a new tax break system as well as further government-led R&D support. To this end,... Korea's trade ministry has announced a five-year policy plan to nurture more than 80 mid-sized firms. However, experts say the government needs to seriously consider softening the level of regulations that stifle smaller firms and discourage them from growing,... and thus hiring more people. Won Jung-hwan, Arirang News. Arirang News Facebook: http://www.facebook.com/arirangtvnews ------------------------------------------------------------ [Subscribe Arirang Official YouTube] ARIRANG TV: http://www.youtube.com/arirang ARIRANG RADIO: http://www.youtube.com/Music180Arirang ARIRANG NEWS: http://www.youtube.com/arirangnews ARIRANG K-POP: http://www.youtube.com/arirangworld ARIRANG ISSUE: http://www.youtube.com/arirangtoday ARIRANG CULTURE: http://www.youtube.com/arirangkorean ARIRANG FOOD & TRAVEL : http://www.youtube.com/ArirangFoodTravel ------------------------------------------------------------ [Visit Arirang TV Official Pages] Facebook: http://www.facebook.com/arirangtv Twitter: http://twitter.com/arirangworld Instagram: http://instagram.com/arirangworld Homepage: http://www.arirang.com ------------------------------------------------------------ [Arirang K-Pop] YouTube: http://www.youtube.com/arirangworld Facebook: http://www.facebook.com/arirangkpop Google+: http://plus.google.com/+arirangworld
Views: 59 ARIRANG NEWS
Tight regulations continue to discourage business growth in South Korea
 
02:50
경기 침체 및 규제로 인한 중소기업들에게 나타난 '피터팬 증후군' "Peter Pan Syndrome" is a psychological concept where adults do not want or feel unprepared to grow up. Experts say this trend can be seen in South Korea's business sector as there's a tendency for some small-and-medium sized companies to actively avoid growing due to the extra regulations and taxes they will be hit with when they make the step up. Won Jung-hwan reports. Despite years of government efforts to remove red tape that hinders investment and employment,… a web of regulations continues to hamper business activities in South Korea, some even discouraging local firms from expanding. When smaller enterprises grow to become mid-sized enterprises they face some difficulties in terms of losing state support and face increased regulations,... prompting some to actively take steps to avoid expanding. According to the CEO of a local company, which became a mid-sized enterprise in April,… government support has dried up, tax breaks have evaporated and regulations have become much more restrictive. "Tax benefits for investment in equipment and R&D expenditure have changed... and the amount of state support we receive has dropped sharply. It has also become more difficult to hire new people as we're no longer allowed to hire more replaced-duty military personnel who work for a specific industry." Data indicates it takes an average of 20 years for domestic SMEs to grow into mid-standing companies,… but due to various regulations related to job creation, R&D and investment,... some either self-downsize or resist the temptation to grow at all. "According to our annual survey, five-point-nine-percent of mid-sized enterprises said they've looked into downsizing to an SME. Most of them said they were considering it due to the sharp reduction in tax benefits." While Peter Pan Syndrome in the economic sphere indicates there's plenty of foundational support measures for SMEs,… experts say measures should be drawn up to help small businesses grow into mid-sized firms and for medium-sized companies to become conglomerates under a new tax break system as well as further government-led R&D support. To this end,... Korea's trade ministry has announced a five-year policy plan to nurture more than 80 mid-sized firms. However, experts say the government needs to seriously consider softening the level of regulations that stifle smaller firms and discourage them from growing,... and thus hiring more people. Won Jung-hwan, Arirang News. Arirang News Facebook: http://www.facebook.com/arirangtvnews ------------------------------------------------------------ [Subscribe Arirang Official YouTube] ARIRANG TV: http://www.youtube.com/arirang ARIRANG RADIO: http://www.youtube.com/Music180Arirang ARIRANG NEWS: http://www.youtube.com/arirangnews ARIRANG K-POP: http://www.youtube.com/arirangworld ARIRANG ISSUE: http://www.youtube.com/arirangtoday ARIRANG CULTURE: http://www.youtube.com/arirangkorean ARIRANG FOOD & TRAVEL : http://www.youtube.com/ArirangFoodTravel ------------------------------------------------------------ [Visit Arirang TV Official Pages] Facebook: http://www.facebook.com/arirangtv Twitter: http://twitter.com/arirangworld Instagram: http://instagram.com/arirangworld Homepage: http://www.arirang.com ------------------------------------------------------------ [Arirang K-Pop] YouTube: http://www.youtube.com/arirangworld Facebook: http://www.facebook.com/arirangkpop Google+: http://plus.google.com/+arirangworld
Views: 37 ARIRANG NEWS
South Korea - small business at home 2018
 
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http://www.chinee.net Open your own store of making customized mobile case for any brand mobile phone such as Samsung, iPhone, LG, HTC, Huawei, Coolpad, Lenovo, Lumia, Xiaomi, Smartisan, ZTE, Blackberry...etc. Machine for Manufacturing custom mobile case sticker. (DAQIN Mobile Phone Case Machine) Start your own small business with this machine easily. DAQIN, Global Leader of mobile phone case machine, sell well in 135 countries since 2002. Web: http://www.chinee.net Email: [email protected] Tel: 0086 10 51606566 Facebook: https://www.facebook.com/cellphoneskin Twitter: https://twitter.com/diyskin Instagram:https://instagram.com/idskin
Views: 833 Yan Li
Korea's SMEs in IT and petroleum sectors to see rising demand: think tank
 
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하반기 中企, 반도체•석유화학 중심 생산회복세 지속' Good times are forecast to be on the horizon for Korea's small-and-medium sized companies in the IT and petroleum sectors. A report released by the Seoul-based IBK Economic Research Institute indicates that a recovery in Korea's domestic exports and consumption will lead to more orders for chipmakers-- which are then likely to benefit from the demand-driven rise of unit prices. The upward trend of global oil prices is also expected to boost demand for petroleum products this year. However, the think tank found the automobile and shipping industries may see a slower pace of recovery. Visit ‘Arirang News’ Official Pages Facebook(NEWS): http://www.facebook.com/newsarirang Homepage: http://www.arirang.com Facebook: http://www.facebook.com/arirangtv Twitter: http://twitter.com/arirangworld Instagram: http://instagram.com/arirangworld
Views: 46 ARIRANG NEWS
[Smart A+] How 52-hour working week system changed S. Koreans' lives since July 1st
 
02:17
'주 52시간 근로제' 시행 한 달...명과 암은? A month ago the maximum weekly working hours has been reduced to 52 from 68. The government measure currently only applies to public and private firms, with 300 or more employees. Already the pros and cons of the sudden change are becoming clearly visible. Ko Roon-hee went out to hear about the impact, straight from the horses mouth. Here at a large cable manufacturing company in Anyang, south of Seoul, employees get ready to leave work every day at 5:20 p.m. In big companies, some employees like Lee Seoung-o are making the most of the 52-hour working week. "Now that I have more time, I looked for new activities I can do after work. Recently, I became interested in table tennis." The biggest change for people who work at big firms is a better work-life balance. This has also helped leisure businesses... which are benefiting from an increase of customers. "I've seen more office workers coming in after work since July. I think it's because they can leave work earlier. I've seen four to five new people coming in to play per week." Although the new system might have helped big companies and their workers... its quite a different story for smaller firms. "Many think companies with fewer than 300 people are not affected by the reduced working hours, but small and medium sized businesses say they face their own hardships." "Many large companies use small businesses as subcontractors. So SMEs are directly affected. For instance, some small businesses experienced a decrease in workload due to fewer orders in July. I think this is because many big companies are reluctant to jump into new industries after the reduced working hours." Meanwhile, for small businesses preparing to implement the new work system in the coming years... a professor of sociology says the government's role is crucial. "For small and medium sized businesses, it is difficult to keep track of when their employees show up or leave work. The government should provide consulting or funding in regards to this system." Ko Roon-hee, Arirang News. Arirang News Facebook: http://www.facebook.com/arirangtvnews ------------------------------------------------------------ [Subscribe Arirang Official YouTube] ARIRANG TV: http://www.youtube.com/arirang ARIRANG RADIO: http://www.youtube.com/Music180Arirang ARIRANG NEWS: http://www.youtube.com/arirangnews ARIRANG K-POP: http://www.youtube.com/arirangworld ARIRANG ISSUE: http://www.youtube.com/arirangtoday ARIRANG CULTURE: http://www.youtube.com/arirangkorean ARIRANG FOOD & TRAVEL : http://www.youtube.com/ArirangFoodTravel ------------------------------------------------------------ [Visit Arirang TV Official Pages] Facebook: http://www.facebook.com/arirangtv Twitter: http://twitter.com/arirangworld Instagram: http://instagram.com/arirangworld Homepage: http://www.arirang.com ------------------------------------------------------------ [Arirang K-Pop] YouTube: http://www.youtube.com/arirangworld Facebook: http://www.facebook.com/arirangkpop Google+: http://plus.google.com/+arirangworld
Views: 448 ARIRANG NEWS
Korea business idea with small capital
 
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Small machine for producing mobile skin for any mobile phone. http://www.chinee.net Start own small business of making mobile skin for any brand mobile phone such as Samsung, iPhone, LG, HTC, Huawei, Coolpad, Lenovo, Lumia, Xiaomi, Smartisan, ZTE, Blackberry...etc. Start your own small business with this machine easily. DAQIN, Poineer and leader of custom mobile case business, sell well in 135 countries since 2002. Web: http://www.chinee.net Email: [email protected] [email protected] Tel: +86 10 62494131 Facebook: https://www.facebook.com/cellphoneskin Twitter: https://twitter.com/diyskin Instagram: https://www.instagram.com/idskin Wechat: phoneskin
20 Second Korea: Small Business Restrooms (두러운 화장실)
 
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Most small business/restaurants in Korea don't have a restroom directly connected to their place of business. Instead, often there is one restroom for all of the businesses in a particular area or building. This means that nobody really takes care of it, and too often you see places like this in Korea!
Views: 240 HowtoStudyKorean
Advisory committee lays out views on new SME ministry
 
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President Moon Jae-in's advisory committee on Wednesday discussed ways to enhance the competitiveness of Korea's small and medium-sized enterprises. The new administration plans to raise the status of the Small and Medium Business Administration... by turning it into the tentatively named *Ministry of Small and Medium Venture Business. The advisory committee suggested giving the new ministry broader powers... by enabling it to formulate industrial policies. The panel said there needs to be a two-track approach -- having the new ministry manage day-to-day developments in business world... while the trade ministry handles broader policies.
Views: 38 ARIRANG NEWS
Asian Council for Small Business Conference 2013 (Seoul, Korea)
 
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Asia SME Conference 2013 - Prestigious SME Conference.
Views: 145 khairul dannish
Nearly all S. Korean companies in Kaesong Industrial Complex positive about reopening
 
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개성공단 입주기업 96% "공단 재개 시 입주" The majority of South Korean firms that had operated at the Kaesong Industrial Complex in North Korea say they expect the complex to reopen... and are willing to restart operations there. In a survey by the Korea Federation of Small and Medium Businesses last March, ninety-six percent of all firms at the jointly-run complex said they would resume operations should it reopen. Eight out of ten companies said the complex has a competitive advantage, pointing to low-cost, highly-skilled labor. The firms anticipate that Kaesong will reopen during the Moon administration. In 2016, the Park Geun-hye administration closed the industrial park due to North Korea's nuclear and missile tests. Arirang News Facebook: http://www.facebook.com/arirangtvnews ------------------------------------------------------------ [Subscribe Arirang Official YouTube] ARIRANG TV: http://www.youtube.com/arirang ARIRANG RADIO: http://www.youtube.com/Music180Arirang ARIRANG NEWS: http://www.youtube.com/arirangnews ARIRANG K-POP: http://www.youtube.com/arirangworld ARIRANG ISSUE: http://www.youtube.com/arirangtoday ARIRANG CULTURE: http://www.youtube.com/arirangkorean ARIRANG FOOD & TRAVEL : http://www.youtube.com/ArirangFoodTravel ------------------------------------------------------------ [Visit Arirang TV Official Pages] Facebook: http://www.facebook.com/arirangtv Twitter: http://twitter.com/arirangworld Instagram: http://instagram.com/arirangworld Homepage: http://www.arirang.com ------------------------------------------------------------ [Arirang K-Pop] YouTube: http://www.youtube.com/arirangworld Facebook: http://www.facebook.com/arirangkpop Google+: http://plus.google.com/+arirangworld
Views: 297 ARIRANG NEWS
SME's in Korea to face growth struggles in 2018 due to factors home and abroad: IBK
 
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IBK "대내외 불확실성…내년 中企 생산·설비투자 정체" Small and medium sized businesses are expected to struggle to grow next year... due to uncertainties in the economy at home and abroad. According to a report by the Industrial Bank of Korea,... increases in production at SME's will likely be limited due to factors such as a slowdown in the domestic construction sector,... and a possible renegotiation of the free trade deal with the U.S. It also warns that investment in SME's will likely take a hit... due to an expected cut in tax credits for capital investment by bigger businesses. In a glint of light, though -- the report says the Moon administration's drive to raise the minimum wage and create jobs should push up household income and boost spending power -- which in turn could help lift SME production. . Arirang News Facebook: http://www.facebook.com/arirangtvnews ------------------------------------------------------------ [Subscribe Arirang Official YouTube] ARIRANG TV: http://www.youtube.com/arirang ARIRANG RADIO: http://www.youtube.com/Music180Arirang ARIRANG NEWS: http://www.youtube.com/arirangnews ARIRANG K-POP: http://www.youtube.com/arirangworld ARIRANG ISSUE: http://www.youtube.com/arirangtoday ARIRANG CULTURE: http://www.youtube.com/arirangkorean ------------------------------------------------------------ [Visit Arirang TV Official Pages] Facebook: http://www.facebook.com/arirangtv Twitter: http://twitter.com/arirangworld Instagram: http://instagram.com/arirangworld Homepage: http://www.arirang.com ------------------------------------------------------------ [Arirang K-Pop] YouTube: http://www.youtube.com/arirangworld Facebook: http://www.facebook.com/arirangkpop Google+: http://plus.google.com/+arirangworld
Views: 191 ARIRANG NEWS
Korean SMEs largely dependent on China-bound exports
 
02:05
중소기업 수출, 中 의존도••• 의류 82%, 화장품 69%, 생활용품 61% Many of Korea's small and mid-sized businesses have targeted the Chinese market over the years,... riding on the popularity of the Korean Wave. But with China putting the squeeze on Korean products and services,... many SMEs are growing concerned. Oh Soo-young shows how Seoul's over-reliance on Beijing is backfiring. Putting all their eggs in the China basket is something Korea's small and medium enterprises are beginning to regret,... as they brace for the impact of China's unofficial sanctions on their goods. According to the Korea Customs Service, China was the number one market for SME exports last year,... thanks to the continued popularity of Korean cultural content. Small and mid-sized clothing and cosmetics companies saw most of their exports bound for China,.. or 81-point-seven percent and 69-point-three percent, respectively. Smaller firms that produce agricultural and household products have also become highly dependent on the Chinese market, where more than 60 percent of their goods are headed. On the whole, Korean SMEs' exports to China grew one-point-nine percent last year from the previous year,... amounting to 22-point-five billion U.S. dollars worth of goods. Given the high dependency on China,... experts say swift action must be taken. "If China's retaliatory action against THAAD continues,... then we can expect a difficult business environment... due to rigorous inspections and standards for safety, hygiene and finance. So Korean businesses must monitor those changes very closely. They should also lay out localization strategies, including corporate social responsibility programs and employing Chinese personnel in management. It would also be wise for them to diversify their markets to include other countries such Russia and those in Southeast Asia." However, experts also say there's only so much businesses can do, as the situation is akin to a boycott by China. To clear the air, they hope to see diplomatic solutions initiated soon. Oh Sooyoung, Arirang News. Visit ‘Arirang News’ Official Pages Facebook(NEWS): http://www.facebook.com/newsarirang Homepage: http://www.arirang.com Facebook: http://www.facebook.com/arirangtv Twitter: http://twitter.com/arirangworld Instagram: http://instagram.com/arirangworld
Views: 319 ARIRANG NEWS
Korea signs MOUs with France's Ecole 24 and Bpifrance on Monday
 
00:42
중소기업진흥공단 프랑스 중소기업지원기관과 업무협력 강화 Korea's Small & Medium Business Corporation has signed MOUs with Ecole 24, the leading French institution in nurturing IT startups... and with state investment bank: Bpifrance at the two countries' 2018 startup summit held in Paris on Monday. An official from Korea's Ministry of SMEs and Startups said... as France has the highest level of venture capital investment fund in Europe... more local companies should eye the country for assistance... through its La French Tech policy. France is also home to the world's largest startup campus, Station F... which hosts some one-thousand startups... that receive support from world-renown accelerators including Korea's largest internet portal operator Naver. Arirang News Facebook: http://www.facebook.com/arirangtvnews ------------------------------------------------------------ [Subscribe Arirang Official YouTube] ARIRANG TV: http://www.youtube.com/arirang ARIRANG RADIO: http://www.youtube.com/Music180Arirang ARIRANG NEWS: http://www.youtube.com/arirangnews ARIRANG K-POP: http://www.youtube.com/arirangworld ARIRANG ISSUE: http://www.youtube.com/arirangtoday ARIRANG CULTURE: http://www.youtube.com/arirangkorean ARIRANG FOOD & TRAVEL : http://www.youtube.com/ArirangFoodTravel ------------------------------------------------------------ [Visit Arirang TV Official Pages] Facebook: http://www.facebook.com/arirangtv Twitter: http://twitter.com/arirangworld Instagram: http://instagram.com/arirangworld Homepage: http://www.arirang.com ------------------------------------------------------------ [Arirang K-Pop] YouTube: http://www.youtube.com/arirangworld Facebook: http://www.facebook.com/arirangkpop Google+: http://plus.google.com/+arirangworld
Views: 42 ARIRANG NEWS
S. Korea's small firms bid to create blockbuster products
 
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[Anchor] Small and medium firms account for 99 percent of South Korea's businesses and 88 percent of the nation's workforce. With these figures highlighting the importance of enhancing the health of small and medium businesses, an exposition took place bringing together some of their most popular products. Let's take a look. [Reporting] This clay product made in silicon is popular among children. Unlike other clay products, this silicon-based clay can be recycled several times. This company patented the technology that prevents the silicon from stiffening. Also, this vacuum cleaner is very useful when cleaning the bed or couch. It exterminates germs through the ultraviolet ray lamp that functions as a sterilizer and with its honey bee-looking design, it gained popularity not only in the domestic market but also in overseas countries. These products were all selected as the year's most successful products by small and medium firms. The 2011 Small & Medium Firms Hit Product Festival kicked off on Nov. 21st for a two day run, bringing together 230 small and medium businesses at the Coex mall. The event provided an opportunity for startups less than 3 years old listed in the HIT500 project, to promote their products [Interview - Ko Jeong-eun, employee /'L' lamp maker] ~ We hope to receive more support in marketing. Because retail channels are very difficult to penetrate for small companies, if the government put more focus on that area, it would be very helpful for small and medium businesses. Buyers' meetings were attended by around 50 officials from major retailers including Hyundai Home Shopping, and about 600 consulting sessions were held. Another highlight of the event was an SNS writing contest, which invited visitors and college reporters to tour the booth and submit a review of companies and their products. [Interview - Ko Eun-bin / College reporter, Junior student at Inha University] ~ I found out that, with their IT technologies and high technological concentrations, small and medium companies had more to offer than I previously thought and I think small and medium firms can consider us as a new way for promoting and marketing their products. Such events took into account that communication with consumers is becoming increasingly important for companies to make inroads into various markets. The latest exposition is expected to have expanded sales and retail channels for small and medium firms, especially young startups. Industry professional news channel itsTV http://www.itstv.net
Views: 63 kimacamerica
Korea signs MOUs with France's Ecole 24 and Bpifrance on Monday
 
00:39
중소기업진흥공단 프랑스 중소기업지원기관과 업무협력 강화 Korea's Small & Medium Business Corporation has signed MOUs with Ecole 24, the leading French institution in nurturing IT startups... and with state investment bank: Bpifrance at the two countries' 2018 startup summit held in Paris on Monday. An official from Korea's Ministry of SMEs and Startups said... as France has the highest level of venture capital investment fund in Europe... more local companies should eye the country for assistance... through its La French Tech policy. France is also home to the world's largest startup campus, Station F... which hosts some one-thousand startups... that receive support from world-renown accelerators including Korea's largest internet portal operator Naver. Arirang News Facebook: http://www.facebook.com/arirangtvnews ------------------------------------------------------------ [Subscribe Arirang Official YouTube] ARIRANG TV: http://www.youtube.com/arirang ARIRANG RADIO: http://www.youtube.com/Music180Arirang ARIRANG NEWS: http://www.youtube.com/arirangnews ARIRANG K-POP: http://www.youtube.com/arirangworld ARIRANG ISSUE: http://www.youtube.com/arirangtoday ARIRANG CULTURE: http://www.youtube.com/arirangkorean ARIRANG FOOD & TRAVEL : http://www.youtube.com/ArirangFoodTravel ------------------------------------------------------------ [Visit Arirang TV Official Pages] Facebook: http://www.facebook.com/arirangtv Twitter: http://twitter.com/arirangworld Instagram: http://instagram.com/arirangworld Homepage: http://www.arirang.com ------------------------------------------------------------ [Arirang K-Pop] YouTube: http://www.youtube.com/arirangworld Facebook: http://www.facebook.com/arirangkpop Google+: http://plus.google.com/+arirangworld
Views: 23 ARIRANG NEWS
Korea simplifies online shopping, pledges help for smaller firms 

온라인쇼핑시 액티브X 없
 
01:55
To help Korea′s small and mid-sized companies sell their products to foreign customers online,... the government is developing strategies for targeting specific overseas markets. Online transactions will be simplified too, after credit card companies scrap ActiveX - a mandatory authentication program - by the end of March. Kim Min-ji has more. Online shoppers in the U.S., China, Japan, Vietnam and Indonesia are the targets in a new government strategy to increase foreign spending on Korean shopping websites. The countries were selected based on their number of online transactions as well as their market size. Under the plan, products, marketing campaigns, payment and delivery methods will be shaped to meet the preferences of each international market. This comes as the online transactions market has been growing... but small and medium sized companies have not been able to take full advantage of the growth, as they lack the ability to customize sales for specific overseas groups. And,... in a long-awaited move that will make online shopping a lot easier overall,... major local card companies will discontinue the ActiveX plug-in starting this week. Until now, it′s been a must-have for shoppers making a purchase of over three-hundred thousand won,... or roughly 270 U.S. dollars. ActiveX was initially implemented to enhance internet security,... but was often criticized for being slow and having poor web compatibility, limiting access to online shopping. The changes will make buying online much simpler and let online shoppers use internet browsers other than Internet Explorer, such as Chrome or Safari Card companies will replace the ActiveX software with an ′exe′ file.... which users will only have to download once regardless of the browser they use,... or launch alternative payment programs. Kim Min-ji, Arirang News.
Views: 41 ARIRANG NEWS
Everything Korea, February 6, Korea, Market Entry, and Opportunities 2017
 
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With the start of every new year I am approached to consult on market entry and new business development projects that range in size and scale. In addition to longtime and ongoing international support of major Korea Groups and their branding, marketing, sales, and manufacturing subsidiaries, I work with companies to secured overseas partnerships. This includes both Korean SME (Small to Medium size Enterprises) firms entering other countries (the U.S. for example) as well as foreign firms seeking opportunities into Korea. Particularly for smaller Korean firms hoping to expand globally the challenges are many. In fact a recent Korea Times article Korea seeks to boost SME exports http://www.koreaherald.com/view.php?ud=20170130000253 points out SME struggle considerably more than the large group companies. I concur. Why? Frankly, my experience is that global companies, even SME looking at Korea, recognize the considerable upfront investment required to enter the market. The companies invest time and resources in Discovery and hire experts to assist in the local market. As a benchmark based on recent projects this cost is easily a minimum of US$30,000- $50, 000…. just to accomplish an MOU with NO contingencies on fees for first securing a partnership. There are, of course, additional costs after an agreement is signed. In contrast, Korean firms entering overseas markets prefer to take a different, more reserved approach. Sadly the success rate for Korea firms entering overseas markets is poor—even with the support of highly dedicated Korean government agencies such as KOTRA . I can elaborate in more detail, but basically Korea companies tend to be very direct and want someone to focus on finding them a solid, committed overseas partner or client with little investment and upfront payment of fees to local experts in market entry -- all compensation contingent upon first finding a potential partner. This rarely (never!) works. More so, although Korean companies have websites, product, and company information (often in need of editing), they lack what is commonly accepted content for meeting presentations with potential partners, including, but not limited to, a detailed localized, savvy Go to Market Plan—often a high content 20-30 pages and a competitive market analysis. These western expectations are not options. Even with adequate funding and preparation, getting in front of the right people is probably the greatest challenge in market entry. This is the same for Korean market entry or overseas market entry. For highly recognized U.S. or global brands, there is less a barrier in setting up meetings because of the strong desire for a top brand. For Korean brands entering an overseas market there is considerable more effort. In fact, I most often have to rely on my credentials to begin a dialogue with a potential partner vs. the Korean brand itself, which typically is little known outside Korea and East Asia. All said, I am a strong advocate of Korean global business. I see great opportunity and am passionate about seeing Korean brands succeed overseas. However, as I have shared, this does require an upfront investment. ###
Views: 42 Don Southerton
South Korean President Moon Jae-in dines with small and medium business leaders at the Blue House
 
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문 대통령, 청와대서 중소기업 소상공인 초청 만찬 The president is meeting a group of small and mid-sized business leaders at Cheongwadae this evening. Some 50 top executives of SMEs and venture firms, including the head of the Korean Federation of Small and Medium-Sized Enterprises, have been invited to the gathering. They will discuss a wide range of issues with the liberal leader and his top economic aides over dinner served by the top office. This is the first gathering between the nation's smaller firms and the president since Moon took office in May 2017. He held similar meeting with leaders of the big conglomerates and labor organizations last year, but one with heads of small businesses and venture firms had been delayed due to setbacks in naming a new venture minister. We'll go live to our Blue House correspondent for more details in our later newscast. Arirang News Facebook: http://www.facebook.com/arirangtvnews ------------------------------------------------------------ [Subscribe Arirang Official YouTube] ARIRANG TV: http://www.youtube.com/arirang ARIRANG RADIO: http://www.youtube.com/Music180Arirang ARIRANG NEWS: http://www.youtube.com/arirangnews ARIRANG K-POP: http://www.youtube.com/arirangworld ARIRANG ISSUE: http://www.youtube.com/arirangtoday ARIRANG CULTURE: http://www.youtube.com/arirangkorean ------------------------------------------------------------ [Visit Arirang TV Official Pages] Facebook: http://www.facebook.com/arirangtv Twitter: http://twitter.com/arirangworld Instagram: http://instagram.com/arirangworld Homepage: http://www.arirang.com ------------------------------------------------------------ [Arirang K-Pop] YouTube: http://www.youtube.com/arirangworld Facebook: http://www.facebook.com/arirangkpop Google+: http://plus.google.com/+arirangworld
Views: 87 ARIRANG NEWS
South Korean delegation in Thailand to continue joint SME development
 
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A delegation from South Korea's government dealing with small and medium enterprises (SMEs) has traveled to Thailand to follow up on negotiations initiated by Deputy Prime Minister Somkid Jatusripitak during his recent visit to the country
Views: 14 NBT WORLD
Meeting and Luncheon with the Korean Business Community, Republic of Korea 10/18/2013
 
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Grand Hyatt Hotel, Seoul 18 October 2013 President Benigno S. Aquino III invited Korea's investment heavyweights to ride the wave of growing economic success by investing in the Philippines and becoming part of the country's continued success during a luncheon with the Korean business community at the Grand Hyatt Hotel in Seoul. In his speech, the President told at least 200 Korean executives that the Philippines has made a big turnaround from being the Sick Man of Asia to being referred now as the New Asian Tiger or Asia's Bright Spot because the drastic transformation is anchored on just one simple idea -- eliminate corruption, end poverty. He also said that the Philippines as an investment destination is looking forward to sustaining its economic momentum. "In 2015, the Philippines will enter a demographic sweet spot, with the bulk of our people hitting working age — a professional, loyal, English-speaking working force that can surely contribute to the growth of investors. This situation, one that is conducive to business, will remain for the next 40 years. By 2019, we will enter another sweet spot: GDP per capita will hit around 6000 dollars," according to President Aquino. The luncheon was hosted by Mr. Han Duck-Soo, chairman & CEO of Korea International Trading Association (KITA); Mr. Dong-Geun Lee, executive vice chairman of Korea Chamber of Commerce and Industry; Mr. Jae Hee Song, executive vice chairman of Korea Federation of Small and Medium Business; and Jin Ray Ryu, vice chairman of the Federations of Korean Industries. Over 90% of the Korean business community comprises membership of the above organizations and it covers the Philippines' target sectors for investments in auto parts manufacturing, information technology, construction, mining, tourism, automobile, energy, food and agriculture, SME business, electronics, telecommunications and shipbuilding. * * * Connect with RTVM Website: http://rtvm.gov.ph Facebook: https://www.facebook.com/rtvm.gov.ph Twitter: @RTVMalacanang Google+:http://gplus.to/RTVMalacanang
Views: 1554 RTVMalacanang
Korea′s SME will be able to report unfair business practices anonymously soon: F
 
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Korea′s Fair Trade Commission is rolling up its sleeves to stop large conglomerates engaging in unfair business practices against their subcontractors. The anti-trust watchdog says... it is in the final stages of setting up a section on its website,... where small and medium-sized companies will be able to anonymously report such practices. Until now, companies had to reveal their name as well as other personal information, such as their contact number and email address, when filing a complaint. The commission says... conglomerates′ unfair business practices are rarely reported,... as subcontractors fear being shunned, including having their contracts terminated.
Views: 47 ARIRANG NEWS
Royce on Passage of the Korea Trade Bill
 
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On the House floor, Rep. Ed Royce speaks out in support for the bilateral free trade agreement between the U.S. and South Korea. This legislation breaks down trade barriers for 19,000 small and medium sized U.S. businesses to create up to 280,000 new American jobs.
Deregulation drive on track says Korea's acting president PM Hwang
 
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The Korean government has announced more deregulation measures to boost the flagging economy. As part of the new measures,... small and mid sized businesses are to be encouraged to take part in state-wide projects. Devin Whiting has more. Local food trucks can now advertise outdoors and beauty salons and nail shops can operate in one space. Applying for credit cards will also become easier. These are just some of the 3-hundred-20 regulations that the Korean government vowed to abolish from here on. For the first time in 21 years, Korea will change public procurement policies and ease regulation on small and medium-sized businesses in order to spur economic growth. Prime Minister Hwang Kyo-ahn currently serving as acting president of Korea announced the measures on Wednesday aimed at creating a more business-friendly environment for local stores and startups... stressing the importance of regulatory reform. "We have continuously been monitoring the effectiveness of the government's deregulation efforts on the ground. What I learned from these field inspections is that there just cannot be an end to the regulatory reform drive." The meeting was the first of such kind to be hosted by Hwang since the Korean parliament passed an impeachment motion against President Park Geun-hye earlier this month. The Korean government expects the new reform measures to create roughly 17-thousand new jobs. Devin Whiting, Arirang News. Visit ‘Arirang News’ Official Pages Facebook(NEWS): http://www.facebook.com/newsarirang Homepage: http://www.arirang.com Facebook: http://www.facebook.com/arirangtv Twitter: http://twitter.com/arirangworld
Views: 82 ARIRANG NEWS
Policy Lessons from Korea’s Economic Growth and Development | WBGx on edX
 
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Learn about South Korea’s remarkable transformation from a low to high-income, growth economy. Take this course free on edX: https://www.edx.org/course/kee01x-korea-economic-development-wbgx#! ABOUT THIS COURSE South Korea presents a compelling story of economic growth. It’s one of few countries that have made the transition from a resource-poor, low-income nation to a high-income economy in only three decades. It serves as a model for developing countries and in this MOOC you’ll learn, from experts of South Korea’s research and academic institutions, how economic policies and strategies transformed the nation. This economics and finance course examines South Korea’s past developmental experience as well as its current policy and economic strategies for overcoming global and domestic challenges, and for sustaining economic growth into the 21st century. You’ll have an opportunity to consider and discuss institutional and policy lessons that have practical applications to development and economic challenges countries are facing today. The course will be of interest to anyone wanting to learn how South Korea transformed into a high-income, export-driven country with a highly skilled workforce, high-end manufacturing, service and technology sectors, and developed its own ‘smart city’ Songdo, equipped with smart and green technologies. This MOOC will also be of particular interest to policy makers involved in economic development. The course has been developed by the World Bank Group in collaboration with Korea Development Institute, and is taught by prominent representatives of academic and research institutions in South Korea and the United States. WHAT YOU'LL LEARN - The factors that contributed to South Korea’s remarkable performance from the 1960s to the 1990s and how policies could be applied to similar effect today - The strategies used to build a system of innovation and innovative capability in science and technology - The forward looking developments promoting diversification into advanced manufacturing, tradable services and digital/green technologies - Current efforts to upgrade skills and productivity of an ageing workforce and the strengthening of a social safety net - The city of Songdo; the effectiveness, scalability and applicability of its green and smart technologies
Views: 6670 edX
President Moon to meet Korea's top business leaders this week
 
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문재인 대통령, 27∼28일 첫 '기업인과 대화'…14대 그룹+오뚜기 President Moon Jae-in is planning to meet with South Korea's top business leaders this week,... to discuss various economic issues. President Moon will hold discussions... with the heads of 15 business groups on Thursday and Friday,... in his first official meeting with them since taking office in mid-May. They are expected to exchange views,... on job creation and shared growth between large corporations and small and medium-sized businesses. The heads or senior officials from the country's 14 largest conglomerates... including Samsung, Hyundai and LG,... have been invited, along with medium-sized food producer Ottogi . Visit ‘Arirang News’ Official Pages Facebook(NEWS): http://www.facebook.com/newsarirang Homepage: http://www.arirang.com Facebook: http://www.facebook.com/arirangtv Twitter: http://twitter.com/arirangworld Instagram: http://instagram.com/arirangworld
Views: 33 ARIRANG NEWS
Korea′s SME will be able to report unfair business practices anonymously soon: F
 
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Korea′s Fair Trade Commission is rolling up its sleeves to stop large conglomerates... engaging in unfair business practices against their subcontractors. The anti-trust watchdog says... it is in the final stages of setting up a section on its website,... where small and medium-sized companies will be able to anonymously report such practices. Until now, companies had to reveal their name as well as other information including their contact number and email address, when filing a complaint. The commission says... conglomerates′ unfair business practices are rarely reported,... as subcontractors fear that they might be shunned and have their contracts terminated.
Views: 24 ARIRANG NEWS
Operating ratio of Korea′s SME manufacturers hits 6-year low 

수출•내수 부진에 중소제조업 8
 
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Operations at Korea′s small and medium-sized manufacturing firms have slumped to a six-year low on the back of low domestic demand and exports. According to a survey by the IBK Economic Research Institute, the operating rate of local manufacturing firms with fewer than three-hundred employees was at 70-point-two-percent in August, down one-point-two-percent from the same time last year. Excluding figures for the shorter month of February, this is the lowest rate of operations since August 2009. However, a recent finance ministry report says that despite the uncertain global economic outlook, domestic demand is picking up due to government-led sales events and lower consumption taxes.
Views: 52 ARIRANG NEWS
Korea's business sentiment for Q3 worsens 3분기 기업체감 경기하락 + 소비자 심리 두달 연속개선
 
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Click "CC" for Scripts Subscribe to arirang! http://www.youtube.com/subscription_center?add_user=arirangnews Despite the Korean government's positive outlook for the economy in the second half of this year,... Korean companies' business confidence has worsened,... with many of them expecting their business to get bearish in the third quarter of the year. Hwang Ji-hye has the details. The Korean government has given out rosy outlooks for the economy,... saying that the nation could achieve a growth rate in the three percent range during the second half of this year. But a new survey of Korean manufacturers has cast a shadow on the prediction. The survey of 25-hundred companies by the Korea Chamber of Commerce and Industry released on Tuesday shows... that most manufacturers expect their business to go downhill in the third quarter of this year. The Business Survey Index stood at 97 for the July-September period,... down from 99 for the second quarter. A reading below the benchmark 1-hundred means pessimists outnumber optimists. The chamber cited the continued depreciation of the Japanese yen against the U.S. dollar, the planned scaling back of the Fed's quantitative easing policy... and signs of a slowdown in the Chinese economy.. as reasons for the bleak outlook. It went on to say... that it will not be easy for the Korean economy to achieve the kind of growth forecast by the government. However, the business sentiment... turned out to be more optimistic among large companies and exporters... than small and medium-sized enterprises and companies relying heavily on local consumption. Meanwhile,... the Bank of Korea said Tuesday... that the nation's consumer confidence rose to its highest level in 13 months in June... coming in at 1-hundred-05. A reading above the benchmark 1-hundred indicates that optimists outnumber pessimists. The central bank said... that the government's stimulus package and the latest rate cut raised hopes for a recovery... but added that the upbeat sentiment did not reflect the Fed's recent announcement that it may taper its monetary stimulus program.. because the survey was conducted before the announcement. Hwang Ji-hye, Arirang News. Visit us on Homepage http://www.arirang.co.kr Like us on Facebook http://www.facebook.com/arirangtv Follow us on Twitter https://twitter.com/arirangworld
Views: 134 ARIRANG NEWS

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