Product recall known as a kind of a product-harm crisis must be a tragic situation for a company recalling defected products because the company not only loses sales revenue, market share and investments but also suffer from the devaluation of their brand reputation and their investments in...

The Ministry of Knowledge Economy (MKE) and Korea Institute of Industrial Economics and Trade (KIET) have built an industrial statistical database for appropriate policy making in the midst of a rapidly changing economic climate. As a part of the project, a questionnaire survey has been...

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...

The KOSBIR program was introduced in 1998 by the Korean government. The year 1998 holds historical importance for SMEs in Korea. First, the Korean economy has faced the foreign exchange crisis from 1997. The strong movement of open economy since the mid-90s has become one of the main...

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...

Global hidden champions have grown continually in the global market without great difficulties, even though the global market has fluctuated violently after the global financial crisis in 2009. The Korean government observed that the growth of global hidden champions would be the key to remove...

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...