Korea Joongang Daily
Korea JoongAng Daily

SMEs with 'excellent' work-family balance to defer tax audits: Gov't

Korea seeks to allow small- and medium-sized enterprises (SMEs) designated with an "excellent" work-family balance to defer tax audits as part of efforts to tackle the country's chronic low birthrate, the presidential office said Sunday.

2024-10-27

Communication the key issue for SMEs employing foreign workers in Busan and Ulsan, survey finds

Communication has emerged as the most challenging issue in managing foreign laborers for small- and medium-sized enterprises (SME) in Busan and Ulsan, according to a recent survey by a small business support organization.

2024-10-23

Korean businesses talk innovation, digital strategy at Mekong business forum

The 12th Mekong-ROK Business Forum discussed strengthening SME partnerships in the Mekong region through digital transformation and environmentally friendly innovation.

2024-08-21

Korean conglomerates surpass 3 million employees as SMEs shrink

The number of employees at Korean conglomerates exceeded 3 million for the first time last year, reaching 11 percent of the overall employment at local companies, while the number of employees at SMEs fell to its lowest level.

2024-01-22

Small businesses are 'top priority,' Yoon tells business owners

President Yoon Suk Yeol promised to provide more financial support to small businesses in the form of low-interest loans and waivers for Covid-related loan repayments.

2023-11-03

Gov't announces new $1.5B won investment fund for startups

The Korean government created a 2 trillion won ($1.5 billion) investment fund to support startups, including startups with a focus on overseas expansion. Local startups founded by foreign entrepreneurs are also among the fund's main recipients.

2023-08-30

Outlook for Korean SMEs remains underwhelming

The business outlook for Korea's smaller firms remains below par for the second half of the year amid a sluggish economy, a poll showed Tuesday.

2023-07-11

Small Korean businesses dread the coming shorter work week

Extended working hours allowed for small companies in Korea will soon be ruled out of existence, drawing criticism from both the employers and employees.

2023-01-23

KAIST and NYU celebrate wide-ranging cooperation agreement

KAIST and New York University (NYU) celebrated a wide-ranging agreement between the two universities on Wednesday in New York. The two universities signed a memorandum of understanding in June. Cooperation will begin with a number of joint ...

2022-09-22

Welcome to Korea

Migrant workers wait at bus stops at Incheon International Airport on Thursday shortly after arriving in Korea with E-9 nonprofessional employment visas.

2022-07-07