This study examines the profile of Korean certified ventures based on a comprehensive survey research. The sample frame includes all the Korean ventures certified by the government. The number of those ventures was 4,008 in 1999. of which 3,592 ventures were sampled and analyzed.
On average, founders of the sample ventures are 39 years old with 10 years' experiences of related industries. They used to have technological or marketing experiences in the incubating organizations. The average sales volume and the average number of employees of the ventures are 5.1 bil. won and 38. respectively. The average growth rate exceeds 30% a year. The average ratio of technical manpower is more than 50%, and average R&D intensity is 46.4% more than 41.9% of sample ventures export their products or services. However, the average return on investment of the ventures is not more than 1.5% and the average debt ratio reaches 270%.
Based on the results of the survey, this study offers several policy implications for the venture certification system and for nurturing support to promote the ventures.

This study explores the current status and characteristics of Business Incubators in Korea and suggests some directions for effective management of Business Incubators. Numerous countries promote Business Incubator program to revitalize local economy, increase employment, and nurture high-tech industries. Recently, a number of Business Incubators have been established and operated with aims to adapt to changing environment and increase economic competitiveness in Korea. This study based on the survey shows that Business Incubators in Korea have some characteristics: government oriented programs, financial weakness, lack of specialists in the operation of Business Incubators, and limited services for tenant companies.

Nowadays in Korea, many business incubators are founded to promote the creation of small firms by government, communities, or universities. But the firms which dwelled in these business incubators are not known much to us.
This study explores the realities and characteristics of the firms in business incubators. Especially this study focuses on three aspects of the firms in business incubators : 1) the characteristics of founder, creation background, and creation process, 2) the characteristics of product, technology, and market environment of the firms in business incubators, 3) the perception of the firms in business incubators about the management of business incubators. Some suggestions are proposed on the basement of the finding of this study.

This paper examines the financial characteristics of venture businesses listed on KOSDAQ. We compares the financial features of 94 venture businesses with 94 matching firms listed on KOSDAQ, focusing on profitability, growth, activity and productivity of both groups. The difference analysis of the financial ratios between venture and nonventure enterprises will be tested through t-test.
The return on asset, the return on equity, and the growth rate of total asset of venture businesses are higher than nonventure businesses. This evidence is consistent with the existing result which the venture businesses show higher performance in the profitability. We found that venture businesses show lower debt ratio and liquidity than nonventure businesses. This suggests that venture enterprises should raise new funds from venture capital firms or other financial institutions in order to avoid the sudden default risk.