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SMBA's policy to help strengthen of S. Korean SMEs' export capacity in global market comes out with specific outcomes
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Among numerous contributors, small- and medium-sized enterprises’- which have been played pivotal roles in the national economy accounting for 99.9% of all enterprises (3 million SMEs), 87.7% of all employees (10.8 million employees), and 47.6% of production - contributions for the outcome deserve to be especially esteemed in spite of their comparatively low ratio of entire performance compared to many conglomerates including Samsung Electronics, Hyundai Motor, etc.
With their independent consistent utmost efforts for expanding their presence in the global market and favorable export conditions mainly by FTAs made with South Korea, Korean SMEs are witnessed slightly expanded volume of export to foreign markets amid global recession in consumption - especially in the area of automotive parts.
South Korean SMEs are played their importing role for the performance through directly exporting their flagship export items to global market and helping export of the finished goods of the larger-sized Korean enterprises by supplying parts products to them.
There is remarkable government-level policy behind SMEs’apparent contribution to the nation’s such stride. The Small and Medium Business Administration (SMBA) executed a policy that is designed with an aim to help strengthen the export capacity of South Korean SMEs. This policy is focused on boosting the gradual increase of SMBs’ export volume by supplying various kinds of specific services promoting exports of SMEs including education, design, global market information supply, marketing, market research, strategy consulting, global brand development, etc.
Under this support policy, last year, more than 1,600 Korean SMEs could enjoy direct and indirect effect in expanding their presence in global markets through being intensively, frequently, effectively, and strategically exposed to global business partners by supported export-boosting services.
For contributing to the further increase of the global presence of those selected items in 2013 again, Korea Buyers Guide covers 56 companies’products based upon their comparatively superior quality among more than 1,600 companies’ items.
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Highly Functional Auto Parts
A car looks simple from outside, yet it is not a simple matter inside; thousands of mechanical parts are constituted to run a vehicle. Without a hiccup, they need to perform up to expectation. Thus, each automotive part must be qualified with
above-average durability and efficiency. Korea’s precision part maker, Winner Tech, responds well to demand.
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Introducing Reliable CNC Machine Tools
Machine tools are used to make things. They typically perform, for example, cutting, shearing, grinding, etc., on raw materials. Such manufactured parts play vital roles for many different industries. Since 1987, EM KOREA has been betting on years of accumulated technologies and expertise, when it comes to developing and supplying machine tool products like all 35 different types of CNC machine tools and components.
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Precision Rubber Maker
Due to its unique elasticity, rubber is one of the most widely used materials for a few different industrial sectors; its applications are ranging from simple household items to sophisticated machines. We can easily see rubber products
everywhere: tires and tubes. In particular, the automotive industry takes advantage of the specific property of rubber for anti-vibration.
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Propellers For Your Cruising Experience
For driving, a car relies on an engine. For a motor boat, a propeller comes in. Just like driving experiences can be determined by the condition of its engine, a boat may sail well or loses its way on the river or sea depending on how the propeller performs. And a Korean propeller maker, BaekSan Propeller, showcases a few outstanding propellers.
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Clean Room Monitoring Systems
Future technology unfolds depending on how we make of it and what we can make out of it. More than anything, tech
firms and engineers probably will pay more attention to environmental solutions. Korea’s Sudo Premium Engineering exactly aims its goal in such directions under several divisions : semiconductor, automobile, IAQC, anti-freezing solution, and SPE technical R&D institute.
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Experimental Equipment
Entering the 21st century, technology sped up. Its advancement has been rapid and extensive; every aspect of people’s daily life continues to change, making it more convenient and more enhanced.
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