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The evolutionary process of venture incubation in Korea

Kark Bum Lee

International Journal of Entrepreneurship and Innovation Management, 2003, vol. 3, issue 1/2, 78-86

Abstract: The emergence of the internet-based economic paradigm has come to play a crucial role in the restructuring of the Korean economic system. One of the main devices of economic restructuring, the Korean government attempts to nurture technology-intensive small and medium firms. As a result, the importance of incubating technology-centred venture firms emerged as a major issue in public in Korea's public and private sector. This paper investigates the mechanisms and characteristics of incubating start-ups in Korea during its evolutionary process from the end of the 1990s to the present day.

Keywords: incubating program; technology-intensive small and medium firms; incubation business; Korean economy; SMEs. (search for similar items in EconPapers)
Date: 2003
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