Fueling the next boom: Policies for promoting corporate spinoffs in Korea

Hyun Bong Yang ()
Additional contact information
Hyun Bong Yang: Korea Institute for Industrial Economics and Trade, Postal: Sejong National Research Complex, Korea Institute for Industrial Economics and Trade, 370 Sicheong Dae-ro C-dong 8-12F 30147, Republic of Korea, http://www.kiet.re.kr

No 21/5, i-KIET Issues and Analysis from Korea Institute for Industrial Economics and Trade

Abstract: As the global economic environment is evolving amid the protracted COVID-19 pandemic, minimizing the pandemic’s impact on the sluggish economy and boosting economic sustainability will require yet another boom of corporate spinoffs in Korea. This was the case in the early 2000s, when many venture companies were created. A survey of 202 spinoff companies conducted by KIET found that most of the founders of those early startups were people in their early 40s who leveraged their past work experience, but lacked access to private venture funds, and had limited knowledge of and low utilization of startup support programs. This analytical brief explores what policies the Korean government should pursue to address these issues to foster the next wave of corporate spinoffs and the creation of quality jobs.

Keywords: venture policy; venture capital; job creation; job growth; employment; employment growth; small and medium-sized enterprises; SMEs; SME policy; startup policy; startups; startup funding; COVID-19; spinoffs; Korea; industrial policy; entrepreneurship (search for similar items in EconPapers)
JEL-codes: L11 L24 L25 L26 L52 L53 M13 O25 O30 O34 O38 (search for similar items in EconPapers)
Pages: 15 pages
Date: 2021-04-26
New Economics Papers: this item is included in nep-sbm
References: Add references at CitEc
Citations:

Downloads: (external link)
https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4326689 Full text (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ris:kietia:2021_005

Access Statistics for this paper

More papers in i-KIET Issues and Analysis from Korea Institute for Industrial Economics and Trade Sejong National Research Complex, Korea Institute for Industrial Economics and Trade, 370 Sicheong Dae-ro C-dong 8-12F 30147, Republic of Korea. Contact information at EDIRC.
Bibliographic data for series maintained by Aaron Crossen ().