Since the establishment of the new Government in 1981, strenuous attempts have been made to relize the economic policy ideal for building a welfare nation, innovation of fundamental economic policies, and amendments of economic-related laws and stipulations.
Consequently, importance of small business sector in the Korean national economy has been recognized and viable and strong measures and actions for developing the small business sector have been effectively taken so far. These developments taken place in the Korean economy are expected to play vital roles in the 1980's in bringing about epochmaking events. Key future directions and policies, on which a heavy emphasis is placed are summarized as follows:

The development of the Korean economy in the last two decades is characterized by rapid industrialization and dramatic expansion of exports. Due to the scarcity of natural resources and the small size of the domestic market, industrialization in Korea has been prusued via exportation of domestically manfactured products. Thanks to the government's export-drive policy and the booming world economy, most Korean companies enjoyed tremendous growth in the 1960's and the early 1970's. ... (이하 생략)

Small business in our country is confronted with a lot of difficulties such as the international economic unstability and lag of domestic economy. Small business is also confronted with outward impediments as well as inward structural problems such as lack of ability to ensure capital, backwardness of facilities and unrational management of small entrepreneurs.
Besides these, small business suffers from unfavorable terms of transactions and contracts with large enterprises.
Notwithstanding the above problems, small business plays a profoundly important role in the national economy, but its competitive power lags for behind that of large business due to small scale of business, alck of stability to secure capital and lower level of business management and technicla know-how. ... (이하 생락)

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