The objective of the study was to test the effectiveness of financial
planning counseling for small and medium sized enterprises (SMEs) with an emphasis
on the role of financial specialists. The employers of the participants paid for the
counseling service, and the participants were ed on a voluntary basis. Among
the volunteers, 35 employees were ed, who subsequently underwent a one-to-one
interview, and two sets of data were collected before and after the interview. Indicators
were identified to measure the effect in terms of changes in the employees’ financial
wellness. The indicators of subjective financial wellness included financial management
attitude, financial management ability, and the level of financial satisfaction.
Indicators for objective financial wellness included simple indicators and proportion
indicators. The analysis of the collected data showed that the subjective financial
wellness of the participants improved at a statistically significant level for all aspects
of financial management attitude, financial management ability, and the level of
financial satisfaction. The results were the same for objective financial wellness. In
addition, flow indicators improved after the counseling service, supporting the finding
that objective financial wellness had improved at a statistically significant level.

Recently, Lotte Mart has been searching national wide for SMEs that
are potential to succeed in China Market, and successfully imported their products
to China Lotte Mart in large scale. This study adopted in-depth interview with senior
managers, officers in charge from both Lotte Mart and SMEs, and divided the
procedure of their entering China market into three stages. Firstly, the stage of Lotte
Mart screening and ing qualified partners domestically (①application and paper
submission, ②evaluation and ion). Second, stage of overcoming trade barriers
(③licensing in China, ④custom clearance and related process). Lastly, stage of
selling products in local market (⑤Test-Marketing, ⑥securing distribution channels).
The three major stages of entry can be further divided into six sub stages, and for
each stage, difficulties that Lotte Mart and SMEs face will be described and discussed
along with the contents and directions of government supporting policies in response.

This research attempts to analyze the impact of cooperative relationship
with large prime enterprises on the competitiveness of small and medium-sized
companies by focusing on strategic fit. For this, hypotheses were suggested and tested
for 90 top-tier suppliers of Samsung Electronics. According to the empirical analysis,
it was revealed that the intensity of cooperation including technology, manpower,
finance and sales, which reflects a behavioral aspect of cooperation, has a different
impact on the competitiveness depending on competitive strategies. Particularly,
cooperation in technology and manpower had positive relations with all competitive
strategies, which implicates that cooperation in technology and manpower is more
important for small supplier companies to implement competitive strategies effectively.
The quality of cooperation including future orientation and win-win relationships,
which reflects an attitudinal aspect of cooperation displayed a positive relationship
with all competitive strategies. Therefore, when it comes to the cooperation between
a large prime enterprise and small suppliers of it, it is important to consider both
behavioral and attitudinal aspects. Moreover, both environment-strategies fit and
strategies-cooperation fit appeared higher in the high performance group than that
in the low performance one.
This result shows that fit not only between environment and strategies but also
between strategies and cooperation has a positive influence on the performance of
small supplier companies. Accordingly, this study argues that in addition to employing
competitive strategies suitable to the environment, cooperation with a large prime
enterprise has a significant effect on the competitiveness of small and medium-sized
companies.

This study assesses the level of financial constraint on 16 regions in
Korea using a general equilibrium model which can be used to analyze the relationship
between occupational choice and financial constraint. The analysis shows that there
exists quite a difference in the level of financial constraint among the regions. This
study also analyzes the determinant factors for entrepreneurship by separating
entrepreneurs as the employer and the self-employed using panel regression model
which includes financial constraint level as one of the explanatory variables. It turns
out that the strength of financial constraint is negatively related with the ratio of
the employer to all occupation and is positively related with that of the self-employed.
These results are consistent with the explanation of a general equilibrium model
about those relations. This implies that easing the financial constraint can improve
the structure of entrepreneurship by increasing the employer and decreasing the
involuntary self-employed.

This study finds that manufacturing facilities, including SMEs in the
entire sample perceive the high regulatory compliance pressures and all respondents
of SMEs were nearly not used the best practices such as environmental management
system (EMS), pollution control technology, and pollution prevention (P2) as a program
of plant-level improvement. Using the survey data from 323 Korean manufacturing
firms, we examine the mediating effect of pollution control technology
on the relationship of legitimized environmental management system and P2, controlling
industries, firm size, and ISO 14001 certified. The survey results show that
the pollution control technology completely mediate the relationship of legitimized
environmental management system and P2.

Economic growth in the korea's mid-sized enterprises emerging as a
key economic player. However, mid-sized companies in Korea, including the management
and characterization study on financial transactions is a very unsatisfactory
level. This study is based on the legal definition of medium-sized companies were
divided into four groups. There are four groups of mid-sized businesses, general,
transition, associates, potential mid-sized companies to define and analyze the characteristics
of management To summarize the analysis, four groups were similar in Business
age and CEO age of the company, but the portion exports market and stock market
listing in the gap in the level of development, including management, respectively.
Compared to the large, four medium-sized business groups on everything from a
disadvantage. and Compared to SMEs, except for Safety, Growth, Profitability, Asset
quality was analyzed at low. Compared to general mid-sized companies in particular,
transition mid-sized companies's growth is high. However, Profitability, asset quality
and safety was analyzed in a disadvantage. Compared with general mid-sized companies,
the associates is somewhat less profitable businesses. However, this high growth
and asset quality and safety was analyzed in a similar. Potential was analyzed in
a similar with transition mid-sized companies in all aspects. On the other hand, characterized
by lower than associates, respectively in all. Characteristics of banks to trade,
high degree of transition mid-sized companies are intensifying with banking trades.
Growth mid-sized companies, the lower degree of deepening banking. Needs of
mid-sized companies to be differentiated from depending on the size and level of
development management. Mid-sized businesses need policy support and investment
needs and the needs of sustainability. Mid-sized companies should establish policy
principles that qualitative rather than quantitative criteria such as company size, with
plenty of growth potential of companies need to dig enough.

New Store Movement (NSM) is a university student field study that
has been implemented in Busan since 2012. This research has been conducted in
order to demonstrate the effects of NSM on the participating students’ entrepreneurial
intentions and small enterprise owners’ management performance.
Main findings of this research are as follows. First, NSM has shown to have positive
influence on university students’ entrepreneurial intention through parameters such
as entrepreneurial skills and entrepreneurship. Secondly, the relationship between
NSM and management performance also have been shown positive. Participating
in NSM with students has also increased business owners’ entrepreneurial skills
(management skills) and entrepreneurship. In particular, strengthened entrepreneurial
skills through NSM have shown to contribute largely to financial and non-financial
success of their businesses.
Small enterprises are critical components of South Korea’s economy, and contribute
largely to country’s basic economic growth. Therefore, the findings of this New
Store Movement study have positive implications to society as the movement proves
to help the owners of these small enterprises strengthen their business skills, explore
their entrepreneurship, and improve their management performance. Furthermore, New
Store Movement provides a high quality field experience through which university students can build and strengthen practical business skills while establishing mutually
beneficial economic relations with the aforementioned small enterprise owners. New
Store Movement can provide a virtuous cycle in which the entrepreneurial intentions
translate to real ventures that can support the economic growth and create employment
opportunities. Ultimately, the movement is meant to not only provide a sound solution
to the on-going unemployment crisis but also contribute to continuous and stable
economic growth.

This study proposes and attempts to test a model on the relationship
among external factors, CEO's willingness for the environmental management,
environmental management activities, environmental performance, and firm performance
of small-and-medium-sized manufacturing enterprises (SMEs). In addition,
this study examines the moderating effect of corporate capability on the relationship.
The results of empirical analysis for 162 SMEs suggests that both competitive
challenges and stakeholders' pressure are statistically signigicant external factors
enforcing SMEs' CEOs to adopt environmental management. It is also revealed that
there is an appropriate order of implementing environmental management activities
for SMEs, like this : spreading environmental awareness → reorganizing internal systems
→ utilizing external networks. Notably, it is found that environmental performance
of SMEs is closely linked to their corporate performance. Finally, the research result
shows that corporate capability has a moderating effect on the relationship among
environmental variables in SMEs. SMEs with higher capability try to adopt environment
management for the purpose of sustaining long-term relations with their stakeholders
and implement both spreading environmental awareness and reorganizing internal
systems, more than in the case of SMEs with lower capability. On the contrary,
SMEs with lower capability tend to adopt environment for the purpose of responding
competitive challenges and implement utilizing external networks for acquiring needed
knowledge and technology, more than in the case of SMCs with higher capability.