Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/309587 
Authors: 
Year of Publication: 
2024
Series/Report no.: 
KDI Focus No. 138
Publisher: 
Korea Development Institute (KDI), Sejong
Abstract: 
South Korea's 'national champion policy,' designed to foster global enterprises, has yet to deliver measurable outcomes in sales and productivity, suggesting inefficiencies in resource allocation linked to 'the risk of picking winners.' Accordingly, the incentive structure of growth policies for Small- and Medium-Sized Enterprises (SMEs) needs an operational shift, moving away from conventional subsidy assistance toward a bespoke model that integrates private investment, consulting, and networks to address their business challenges collaboratively. Furthermore, in order to enhance policy accountability and effectiveness, it is crucial to consolidate support details and performance outcomes while ensuring transparency through public disclosure.
Persistent Identifier of the first edition: 
Document Type: 
Research Report

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