The Experience of Korea Ms Christy Lee President amp CEO Daewon Advisory Services Contents How Korea Made it Developing Globally Competitive Human Capital Fostering SMEs via Effective Training ID: 149200
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Slide1
Fostering SMEs via Developing the Globally Competitive Human Capital
-The Experience of Korea
Ms. Christy Lee
President & CEO
Daewon
Advisory ServicesSlide2
Contents
How Korea Made it?
- Developing Globally Competitive Human Capital
Fostering SMEs via Effective Training
Key Lessons Learned & Implications to KSA
Why Korea?
Contents
Fostering SMEs via Developing the Globally Competitive Human Capital
Ms. Christy LeeSlide3
Why, on earth, KOREA?
Aerial
v
iew of Seoul in 1950’s
Aerial
v
iew of Seoul TodaySlide4
2
. How Korea Made it?
3. Korean SMEs
4. Key Lessons Learned &
Implications to KSA
1
. Why Korea?
Why Korea? Industrial Base was T
otally
D
estroyed
D
uring the War
- Korean War (1950 - 1953)
Average annual growth rate during the war : -19%
Amount of damage : US$ 5.5 billion
Total Civilian Casualties:
2.5 Million
Seoul during the Korean WarSlide5
Over 500 times GDP growth, 300 times trade volume growth
(KRW BN, 1USD=1100KRW)
GDP Growth (Nominal)
USD 2BN
(1970)
USD 1,007BN
(2010)
(USD MN)
Trade Volume
(Source: www.investkorea.org)
Peter
Drucker
, 『 Post-Capitalist Society 』
‘Korea provides us a key example of an undeveloped nation without natural resources jumped into an industrial society, that we cannot discuss
the history
of
20
th
century economic
development
excluding
Korea’s amazing economic development.’
USD 3BN
(1970)
USD 900BN
(2010)
Copyright
ⓒ
Daewon
Advisory Services,
2013
Why Korea?Slide6
Small but Strong Economy
Copyright
ⓒ
Daewon
Advisory Services,
2013
Ship-building
Memory
Chip
Lithium
Battery
Auto
Steel
World
Rank
1
1
1
5
6
Market
Share
48%
55%
40%
6%
5%
Korean
Companies
Hyundai
Heavy Ind., DSME
Samsung,
Hynix
Samsung
SDI
,
LG
Chem
Hyundai,
KIA
POSCO,
Hyundai
Steel
Korea’s World-Class
Products (2011)Slide7
Emphasis on patriotism and self-sacrifice
Determined leadership by suggesting clear visions “My life for my country and for the people”Thrift
How Korea Made it?
H.E. Late President Park, Chung-
Hee
(1917 – 1979 )
2
. How Korea Made it?
3. Fostering SMEs
4. Key Lessons Learned &
Implications to KSA
1
. Why Korea?
President of Korea 1963-1979 (16
yrs
)Slide8
How Korea Made It?
Instilling Pride & Honor
•
Excelled in the Int’l Youth Skill Olympics
- Korea Wins Gold Medal 17 times
(1977-2011)
•
Promoting Engineers and Skilled
Technicians• Promotion of Science & Technology – KIST, KAIST, Daeduck Science ParkSlide9
How Korea Made It?
Monthly Export Promotion Meeting Presided
by the H.E. Late President Park, Chung-
Hee
Close Partnership: Government & Private Sector Slide10
SAMSUNG GROUP Founder & Chairman: Lee,
Byung
Chul ( 1910 - 1987 )
Samsung Group’s Opening of
Shared IT system: 1974
“Samsung has clear standards when deciding a new business ;
national needs,
sympathy of Korean people and potential for global competitiveness. Considering this, we will develop a semiconductor business.”Slide11
Korean Education
President Obama’s View on Korean Education
"In South Korea
, teachers are known as nation builders. I think it's time we treated our teachers with the same level of respect right here in the United States of America."
“In the space of a little more than a generation, [South] Korea has developed one of the world’s best-educated workforces and fastest-growing economies.”Slide12
Small and Medium Enterprises
Affiliated government organization
Guarantee agencies
Financial Institution
Execution of SME policies
Financial support
Consulting & Training
Financial support
Management
consulting
Provision of guarantee
Management consulting
Overview
of
Korean SME Organizations
Investment of Venture capital
Education
Financial support for Micro Enterprise
Start up fund
Start up consulting
Training for Micro EnterprisesSlide13
Status of Korean SMEs
Copyright
ⓒ
Daewon
Advisory Services,
2013
“99-88” SMEs
2
. How Korea Made it?
3. Fostering SMEs
4. Key Lessons Learned &
Implications to KSA
1
. Why Korea?Slide14
New Government’s Policy Goals for SME
New Government’s Policy Goals for SME support
Shared growth between Conglomerates and SMEs
R&D Support for SME Procurement
Fair opportunities for market entrySlide15
Start-Up Academy
Practical training for new start-ups & for youth entrepreneurs
E-Learning Training
Online courses on start-up, management, & case studies of successful businesses
Management Improvement Training
Training on management improvement to foster ability to cope with sudden changes.
SEDA’s Training Programs for Micro – EnterprisesSlide16
Innovation Academy
($7Mil support for 24,000 in 2013)Practical
training for start-upsTraining for those who want to switch the business to another business area Youth
Entrepreneurs start-up in overseas
SEDA’s Training Programs for Micro – EnterprisesSlide17
Management Improvement
Training ($7.8Mil for 53,000 in 2013)
Sector Specific Training: 1,555Region Specific Training: 300
Micro-Enterprise Innovation Academy: 500
SEDA’s Training Programs for Micro – EnterprisesSlide18
Training Programs
‘
05
‘
07
‘
09
‘
11
Innovation Training
246
1,005
11,841
101,596
Management Improvement Training
-
23,414
112,094
104,126
E-
learning Training
-
-
75,059
338,088
Total
246
24,419
198,994
543,810
Category
'05
'07
'09
'11
Budget
(
100 million KRW
)
5.3
16.5
65
50
Number of
Consulting
1,102
2,634
8,764
7,645
Legal Aid
26
104
346
314
Category
‘
07
‘
09
‘
11
Ratio
of enterprises with increased revenues
43.0%
60.0%
58.2%
Revenue increase
rate
-
-
3.8%
Satisfaction
Level
76.3%
84.5%
83.5%
SEDA Support for Micro- Enterprises
Training
Supports
Results Slide19
SBC Support for Youth Entrepreneurs
One-stop training center to nurture young CEOs by providing all the resources needed for starting a
business: (300 CEOs per year)
Start-up training
R&D supportPrototype productionStart-up loans after training period
2013
Budget:
$23 million (Support
up to: $100K/person)
Youth Entrepreneurship Training ProgramSlide20
√
Clear and Shared Vision
: Communicate with your people√ A Dedicated Government Agency was effective √
Close Partnership between
Government & Private Sector√ Ensure strong execution of policies: Speed matters!√ Foster
a spirit of competition and enhance efficiency
√
Educate, Educate, Educate!
Key Lessons from Korea and Implications for KSASlide21
Learning Journey to Korea: Incubating
& Fostering SMEs
Visit to Leading SMEs with Innovative Technologies in KoreaSlide22
Mr. Rashid Al
Nuaimi
,Vice President, Human Capability, GASCO
Thank You