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Han Jeong-ae, Policy Committee Chair of the Democratic Party of Korea announces the results of the 3rd high-level party–government council and the government reorganization plan on September 7. | Yonhap

Korea Creates Vice Minister for Small Businesses: A Structural Shift in SME Policy and Ecosystem Growth

by Richard Park

September 8, 2025

South Korea has elevated its small business policy to the vice-ministerial level, signaling a turning point in how the country ...

AI-generated illustration of KOSME shielding Korean SMEs from U.S. Tariff and global challenges.

Korea Shields Export SMEs with Three-Tier Support Amid U.S. Tariff Challenges

by Dae-jung Park

August 24, 2025

As global trade headwinds intensify, Korea is moving quickly to shield its export-driven small and medium-sized enterprises (SMEs) from the ...

Korea’s SME Debt Reform Policies: Boost Credit Soundness and Recovery with Broader Market Implications

by Daehyun Song

August 23, 2025

Korea is moving to overhaul how small business debt is managed, ending the long-standing practice of extending virtually uncollectible loans. ...

Korea Expands Startup Policy 2025 with Joint Liability Reforms, Aiming for Global Top Four Venture Ecosystem

August 21, 2025

For years, Korean founders have pointed to joint liability in venture investment as a barrier to second attempts. Hence, the ...

Korea Eyes Stronger Regulatory Reform as SME Ombudsman Pushes for Presidential Office Role

by Daehyun Song

August 19, 2025

Regulation remains one of the most persistent hurdles for Korea’s small and medium enterprises. At the one-year mark of his ...

From R&D to Global Markets: Korea Refines SME Growth Policy for Biohealth Sector

by Dae-jung Park

South Korea is accelerating its SME growth policy in 2025, with a particular focus on the biohealth sector’s global competitiveness. ...