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Competitiveness of Korean Small and Medium Enterprise (SMEs) in ASEAN Region

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Rising Asia and American Hegemony

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Abstract

This chapter identifies competitiveness of Korean Small and Medium Enterprises (SMEs) in ASEAN Region. Emerging markets invite opportunities and challenges for both global local small and medium enterprises (SMEs). Particularly, the rapid growth in the Southeast Asian countries including India, Thailand, Vietnam, Malaysia and Indonesia, requires effective innovation strategy. The nature of these emerging Southeast Asian markets is somewhat different from the other markets in North America, Europe and North East Asia. Emerging markets in southeastern countries deserve adequate research attention. We summarize the globalization trend of Korean SMEs through case study.

…..since firms with relatively small volumes of trade are usually small and medium-size enterprises (SMEs), policy assistance for reducing administrative costs should be geared toward SMEs. Our results further indicate that policymakers should also try to negotiate more extensive tariff reductions on products not only where MFN rates are high but also where shipments are large. (Hayakawa et al. 2014).

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Authors and Affiliations

  1. College of Business Innovation, University of Toledo, Toledo, OH, USA

    Prof. Paul Hong

  2. Faculty of Economics, Graduate School of Humanities and Social Sciences, Saitama University, Saitama, Japan

    Prof. Young Won Park

Authors
  1. Prof. Paul Hong
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  2. Prof. Young Won Park
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Correspondence to Paul Hong .

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Hong, P., Park, Y.W. (2020). Competitiveness of Korean Small and Medium Enterprise (SMEs) in ASEAN Region. In: Rising Asia and American Hegemony. Springer, Singapore. https://doi.org/10.1007/978-981-13-7635-1_13

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