This paper deals with the domestic and international environments for the growth of Korean small industries in the 80's. During the periods of the 1960's and 1970's Korean industries as a whole have played a great role in facilitating the rapid economic growth of the nation. The GNP has grown at real rate of an annual average of 10% and exports have expanded at real rate of 40% at current prices. But in the coming decade, the export-driven economy is expected to face many difficulties particularly in relation to rising wages and inflation, the increasing trend of nationalism in trade, the market of raw materials and technology. ... (이하 생략)

The socio-economic role which small and medium industry would play in a country encompasses almost all the sectors of its national economy. It has effects upon political stabilization by enhancing employment. The products which such industry produces supplies consummer goods thereby having a direct influence upon the national economic life. On the other hand, small and medium industry within the frame-work of the national economy plays a supplementary role for those big industries which in turn provide and make available for the former appropriate division of labour, there by contributing a great deal to both production and exportation. ... (이하 생략)

In Korea small business constitutes 96% of all of the mining and manufacturing industries, about 31% of the total production of value added business, an average of 40% of the actual export of industrial goods since 1976, and 45% of employment since 1975.
Now than, we have progressed advanced as a country with high growth economic development and small business contributed to increasing employment, the amount of exports, the practical use of domestic material resources, and improved economic balancing in rural society.
Small busines is a foundation stone for domestic economic safety, a basis for domestic industrial structure, but also small business contributes to the national economy and industrial development.
Small businesses have growing problems and bottle-necks in their physical condition. ... (이하 생략)

Managers may not be able to solve their firms' problems, but efforts in that direction are decidedly warranted. With the rapid development of the Korean economy the scale and size of business firms have increased considerablely. In this fast changing economic environment small and medium business firms have faced adaptability problems.
Morever, government economic policy has favored large business firms. This does not mean that small and medium business firms have to compete with large business firms. They have to complement each other. This situation simplly suggests that small and medium business firms must seek the solution through management reform tactics. Management reform is the controllable element for a self improving or surviving strategy formed to solve adaptability problems. ...(이하 생략)

The major target of technological development in the framework of a developed economy is to relieve the burden of producers to employ huge amounts of labor which are relatively scarce and expensive and to reduce the costs of production by lowering the demand for labor.
In developing nations, the so-called "redundant" or surplus labor force as well as chronic unemployment and underemployment are serious problems. Generation of new jobs for the rapidly growing population, therefore, an urgent issue. The objectives of employment generation and equitable income distribution can be achieved if locally available resources of manpower, skills, materials and capital are properly utilized in the industrialization process of the developing economy. ... (이하 생략)

Reviewing the five different kinds of small business promotion law enacted several months ago, the enacted and amended small business related laws have brought a more comprehensive and effective legal foundation to boost up the weak small businesses.
With the view of long term prospects, the consequence of the small business promotion law will include several important points as follow.
First, the enactment itself is one of the indication of small business development and can gain powerful small business supporting measures.
Second, in addition to the newly adopted small business promotion law, the revitalizing amendments of the existing law can settle reasonably the disputes between big business and small business. ...(이하 생략)

Most of today's major industries have evolved as a result of man'
s recent technological development, and are also based on the development of the construction industry. In Korea, the construction industry has played an important role in developing industries into heavy and chemical industries and achieved the high economic growth rate in recent years.
At an early and infant stage of our economic development, the government's economic policies have emphasized the enlargement of business enterprises in size to meet the demands of our industries to be competitive in the world market where large firms are dominating significant areas of inudstries. As a result, our economy has achieved great success in the growth of its productive capacity and in competition with foreign businesses for the past fifteen years. ... (이하 생략)