The Korean economy faces serious difficulties in the global economic recession due to the COVID-19 pandemic (a global pandemic). The government is actively responding to COVID-19, including supporting emergency disaster subsidies for all citizens and promoting a Korean-style New Deal.In order to...

The Korean economy has seen a prolonged low-growth trend since 2000, and the employment elasticity of growth is slowing down as the industrial structure advances. As a result, the existing companies are not creating sufficient jobs while their restructuring has become frequent. There is a...

In Western countries, the monopoly of large companies has been deemed as posing a serious problem. The countries, however, have seldom encountered the friction between big corporations and SMEs. The issue has plagued South Korea throughout its economic advance during the past five decades. South...

SMEs are key growth engines for the Korean economy, as they account for the majority of firms and employment and can generate earnings in the global market. The Korean government has concentrated its attention on the development of policy measures aimed at the global market, which have prompted...

An online export market is growing rapidly around the world. Global consulting agencies estimate that the cross-border e-commerce market reached 578.5 billion USD in 2019 and will continue to record breakneck growth, potentially reaching 4.8 trillion USD by 2026. Driving this rapid growth is the...

The purpose of this study is to determine the business conditions of Korean companies in China. For this, a business survey was conducted from October to November 2020 by the Korean Institute for Industrial Economics and Trade (KIET) and the Korean Chamber of Commerce in China. The scale of...

The BSIs for the 3rd quarter of 2014 suggest that the weakness in manufacturers’ business conditions has continued. The BSIs of sales and domestic demand have worsened since last year. Furthermore, the BSIs on facilities investment, operation ratio of facilities, employment, and financial...

The BSIs for the 3rd quarter of 2015 suggest that manufacturers’ economic sentiment is far from bright. A majority of BSIs are in a recession, showing below the baseline (100). However, the BSIs on inventory have improved since the 1st quarter 2015