Rep. of Korea's Small and Medium Business Administration (SMBA)
SMBA provides a portfolio of initiatives to support the creation and growth of small and medium businesses. Among other initiatives, SMBA works to promote the employment of young people.
- Affiliation
- Government
- Contact No.
- (+82) 42 481 4365
- Address
Jong-Ho Song, Administrator, Small and Medium Business Administration, Government Complex Daejeon, 189 Cheonsa-ro,Dunsan-dong, Seo-gu, Daejeon, 302-701, Republic of Korea
- Email Address
- 1357@smba.go.kr
- Website
- http://www.smba.go.kr
1. Source of funding
Government of the Republic of Korea
2. Mission and objectives
Our policy goal is also incorporates the grooming of one-person creative enterprises to meet the new industrial paradigm of the emerging knowledge economy.
1. Invigorate start-ups and generate entrepreneurship
2. Develop pool of skilled human resources as the fuel for Small and Medium Enterprise (SME) innovation
3. Maximize the SME financial pipeline and bridge the financing gap
4. Pave the way for SME access to markets at home and abroad
5. Revitalize and globalize SMEs as new growth engine
6. Valuing the importance of balanced and sustainable growth
7. Provide recognized certifications
3. Areas of work relating to youth employment
Enterprise development, Skills and employability
4. Partners and areas of partnerships
Government of the Republic of Korea
5. Existing or potential partnerships with the ILO
Constituent
6. Successful youth employment interventions
Entrepreneur Club : The SMBA provides
financial support and training for entrepreneur clubs at universities to
expand their start-up mind-set and inspire their entrepreneurship. This
program is designed to train college students as
future entrepreneurs with
creativity and pioneer spirit.
Entrepreneur Graduate School : In order to foster start-up specialists through systematic and professional education, 5 universities,and colleges have run pilot programs for entrepreneur graduate schools since 2004.
Biz-Cool for Teenagers : To inspire teenagers'
pioneering spirit and business mentality, 80 middle and high schools have
implemented Biz-Cool pilot programs. About 20,000 students have participated
in the program and in a variety of
financial education courses that conduct
case studies on self-management, business start-up, business administration,
and finance. The purpose of the program is to help them find their career
and revitalize start-up activities.
SMEs Experiencing Program for College Students : This program
aims to change the way college students perceive SMEs and encourage
their employment by providing them with lectures on the role and status
of SMEs; enabling them to attend a field trip to SMEs; enabling them to
have
exchanges with CEOs who possess excellent managerial philosophy; and
creating the SME
vision. This program is conducted at as many as 200
universities across the nation every year.
Youth Employment Package Program : Youth Employment Package
Program: Under this program, the SMBA identifies the employment needs of
member companies through cooperative association in each sector and by
business group, and then provides training for the young jobless aged 29
or below according to the scope of employment. The five-month training
includes
two-month assembly training and three-month on site training.