Is Sustainable Korean Economic Growth Centered on Small-Sized and Medium-Sized Companies Possible? Focused on Innovative Small and Medium Companies

Abstract

Korea should grow small-sized and medium-sized companies and promote the development of the Korean economy in order to respond appropriately to the environment such as the fourth industrial revolution, COVID-19, and rapid changes in the international market. Under these circumstances, it is necessary to categorize innovative small and medium companies to establish hypotheses, compare, and validate their performance in order to consider the possibility of a small and medium-sized business-oriented economy. Among the policies for supporting small and medium companies, the government focused on the economic and technical performance of the small and medium companies, focusing on the certified small and medium companies. Through this, not only South Korea but also other countries want to provide insights to consider one of the various measures for economic growth.