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Small exporters' difficulties

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Various supports needed to increase SMEs' foreign shipments

Korea's exports totaled $512.5 billion last year, up 9.9 percent from 2010, according to recent data released by the Ministry of SMEs and Startups. Large businesses' shipments increased 5.8 percent to $321.1 billion, and those by mid-market companies ― with total assets of 500 billion won or more ― soared 42.6 percent to $89.3 billion. However, overseas shipments by small- and medium-sized enterprises (SMEs) climbed only 2.1 percent to $100.7 billion.

The data show that the export growth rate of SMEs lagged far behind that of large........

© The Korea Times

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