Hidayati, R. dan Rachman, N.M. 2020. Respon Kebijakan Pemerintah dan Strategi Bisnis Usaha Kecil Menengah Korea Selatan Di Tengah Pandemi Covid-19 Prosiding Seminar Nasional Manajemen 5 Jurusan Manajemen Fakultas Ekonomi Universitas Negeri Surabaya. (1542). http://senima.conference.unesa.ac.id/ocs/index.php/senima2018/SenimaUnesa/paper/view/324/200

Ratnaningsih Hidayati and Nadya Megawati Rachman

No 75wjt, OSF Preprints from Center for Open Science

Abstract: The COVID-19 pandemic has disrupted most of the economy in many countries, including Republic of Korea, which is currently experiencing a recession. The purpose of writing this paper is to provide an overview of government policies and business strategies for The Republic of Korea SMEs amid the COVID- 19 pandemic. This study adopted a qualitative approach with data sources of literature reviews and interviews with the Head of the Indonesian Trade Promotion Center in Busan, The Republic of Korea. The results of the study indicate that there are at least five policies related to SMEs issued by the Government of The Republic of Korea in response to the pandemic, namely (1) Reduction and suspension of operational costs; (2) financial support package to increase liquidity; (3) Tax incentives to increase demand; (4) Fiscal support program to maintain employment; (5) Efficient and expedited administrative procedures. On the other hand, the SME business strategy implemented are (1) increasing effectivity in their business process; (2) consistency in Standard Operational Procedures;(3) utilization of information and technology;(4) strategic agility;(5) excellent customer service.

Date: 2020-10-02
New Economics Papers: this item is included in nep-isf and nep-sea
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Persistent link: https://EconPapers.repec.org/RePEc:osf:osfxxx:75wjt

DOI: 10.31219/osf.io/75wjt

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