smba head nominee vows to support startups
Last Updated : GMT 16:22:18
Arab Today, arab today
Arab Today, arab today

SMBA head nominee vows to support startups

Arab Today, arab today

Arab Today, arab today SMBA head nominee vows to support startups

Seoul - Yonhap

The nominee to head the government body in charge of small and medium enterprises vowed on Thursday to support startups by promising young South Koreans as Seoul seeks to create more jobs amid an economic slowdown. Han Jung-wha, President Park Geun-hye\'s choice to lead the Small and Medium Business Administration (SMBA), said he will strengthen assistance for entrepreneurs in raising funds and exploring overseas markets to facilitate startups and ensure their success. \"It is necessary to create conditions in which (entrepreneurs) can try again after a failure,\" the dean of Seoul\'s Hanyang University Business School told Yonhap News Agency by phone, noting that young and professional South Koreans are generally unwilling to take risks. Han, who earned a masters degree in business administration and a doctoral degree in business administration from the University of Georgia, said he will craft policies to encourage young people to set up businesses. His comments illustrated the challenges facing Asia\'s fourth-largest economy where many college graduates opt to join Samsung Electronics Co., Hyundai Motor Co. and other corporate giants over venture startups. A business failure carries a social stigma in South Korea, one of the factors that many say discourage promising people to take risks and start their own businesses. Out of the 74,162 firms created for the full year of 2012, South Koreans under the age of 30 set up 3,510 of them, accounting for 4.7 percent of the total, an official of the Small and Medium Business Administration said, citing court statistics. Han also vowed to ensure fair business practices between smaller firms and large companies. Small and medium companies account for 99 percent of all enterprises and 88 percent of all employees in South Korea where family-controlled conglomerates, known as chaebol, dominate net profits and market capitalization. The nomination came three days after the former nominee to head the Small and Medium Business Administration withdrew his nomination due to a law that required him to place his corporate holdings in a \"blind trust\" during his time in office.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

smba head nominee vows to support startups smba head nominee vows to support startups

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

smba head nominee vows to support startups smba head nominee vows to support startups

 



Arab Today, arab today
Arab Today, arab today Jordanian woman reveals her project

GMT 00:46 2017 Saturday ,11 November

Jordanian woman reveals her project
Arab Today, arab today Prince's vision spurs new Cornwall village

GMT 03:12 2017 Saturday ,18 November

Prince's vision spurs new Cornwall village
Arab Today, arab today Keep kids busy at Thanksgiving gatherings

GMT 11:14 2017 Friday ,10 November

Keep kids busy at Thanksgiving gatherings
Arab Today, arab today Israel ready to cooperate with Saudi

GMT 06:31 2017 Friday ,17 November

Israel ready to cooperate with Saudi
Arab Today, arab today Airbnb raided by Japan

GMT 01:55 2017 Saturday ,18 November

Airbnb raided by Japan
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Australian academic's book pulled

GMT 15:20 2017 Monday ,13 November

Australian academic's book pulled
Arab Today, arab today May under Brexit pressure at EU reform summit

GMT 02:14 2017 Saturday ,18 November

May under Brexit pressure at EU reform summit
Arab Today, arab today Delhi half-marathon to go ahead

GMT 03:51 2017 Saturday ,18 November

Delhi half-marathon to go ahead
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Tesla unveils its all-electric semi truck

GMT 02:59 2017 Saturday ,18 November

Tesla unveils its all-electric semi truck
Arab Today, arab today Baidu speeds up AI progress

GMT 11:46 2017 Friday ,17 November

Baidu speeds up AI progress
Arab Today, arab today Hanan Metawe denies apology for “Major Treason”

GMT 12:22 2017 Thursday ,16 November

Hanan Metawe denies apology for “Major Treason”
Arab Today, arab today paObama climate envoy slams Trump's rejection

GMT 16:04 2017 Friday ,17 November

paObama climate envoy slams Trump's rejection

GMT 08:06 2017 Wednesday ,15 November

Ayten Amer happy for “The Flood” success

GMT 11:15 2017 Thursday ,16 November

Angola oil boss sacked by father's protege

GMT 18:41 2017 Friday ,20 October

Designer Aql Faqih aspires to innovation

GMT 11:38 2017 Wednesday ,15 November

Unloved vultures fight for their survival

GMT 11:49 2017 Thursday ,17 August

Egyptian artist presents new collection of designs

GMT 06:13 2017 Friday ,17 November

Pope denounces healthcare inequality

GMT 05:18 2017 Thursday ,16 November

Boeing announces $27bn from flydubai

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday