IDEAS home Printed from https://ideas.repec.org/p/ris/kieter/2022_006.html
   My bibliography  Save this paper

Strategic Issues and Policy Implications on Korean SMEs’ Online Exports

Author

Listed:
  • Lee, Youngjoo

    (Korea Institute for Industrial Economics and Trade)

Abstract

An online export market is growing rapidly around the world. Global consulting agencies estimate that the cross-border e-commerce market reached 578.5 billion USD in 2019 and will continue to record breakneck growth, potentially reaching 4.8 trillion USD by 2026. Driving this rapid growth is the development of Fourth Industrial Revolution (4IR) technologies. The purpose of this study is to analyze strategic and policy issues for strengthening Korea’s status as an export powerhouse and improving SMEs’ online export competence. After identifying relevant strategic and policy issues through a review of the existing literature, this paper analyzes those issues from an SME perspective. Configuring and coordinating an online export policy tailored to SMEs is the most important challenge facing policy authorities. To help the government better understand SMEs’ needs, this paper aims to clarify the discriminatory characteristics of SMEs online exports, and proposes policies for activating SME online exports. The study surveyed Korean SMEs engages in online export activities to investigate research issues in October 2020.1 The paper is expected to contribute not only to the expansion of online exports but also to the creation of an environment that facilitates sustainable online exports for Korean SMEs.

Suggested Citation

  • Lee, Youngjoo, 2020. "Strategic Issues and Policy Implications on Korean SMEs’ Online Exports," Industrial Economic Review 22-6, Korea Institute for Industrial Economics and Trade.
    • Handle: RePEc:ris:kieter:2022_006
    as

    Download full text from publisher

    File URL: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4190712
    File Function: Full text
    Download Restriction: no
    ---><---

    More about this item

    Keywords

    SMEs; Korea; small and medium-sized enterprises; SME policy; online exports; export policy; COVID-19; 4IR; Fourth Industrial Revolution; SME exports; SME innovation;
    All these keywords.

    JEL classification:

    • F18 - International Economics - - Trade - - - Trade and Environment
    • F43 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Economic Growth of Open Economies
    • L11 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Production, Pricing, and Market Structure; Size Distribution of Firms
    • L22 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Firm Organization and Market Structure
    • L25 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Firm Performance

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ris:kieter:2022_006. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Aaron Crossen (email available below). General contact details of provider: https://edirc.repec.org/data/kiettkr.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.