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You are here: Home YE Mapping Rep. of Korea's Small and Medium Business Administration (SMBA)

Rep. of Korea's Small and Medium Business Administration (SMBA)

— theme: Youth Employment, Youth Employment Policies and Programmes, Youth Enterprise, Skills for Youth, Entering the World of Work
— country: Asia, East Asia, Korea (The Republic of)

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.

 
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