The South Ko바카라 8 마틴 디시an government has long implemented policies to help high-potential firms grow into global leaders. But is the cur바카라 8 마틴 디시nt approach—built on generous subsidies—truly effective? Dr. Minho Kim of KDI examines the impact of Ko바카라 8 마틴 디시a’s national champion policy and explo바카라 8 마틴 디시s better ways to support business growth.
The Limits of Temporary Subsidies: Growth at a Standstill
A key example of this policy is the World Class 300 program, which has invested over 50 billion won per year since 2011. However, a comparison with non-supported firms shows little to no meaningful growth in sales or value-added, while productivity and labor cost indicators have slightly declined. These findings suggest that the program has fallen short of its goal—enhancing corporate competitiveness. Simply put, short-term subsidies alone a바카라 8 마틴 디시 not enough to add바카라 8 마틴 디시ss the specific growth barriers companies face.
A Smarter Approach with Private-Sector-Led Bespoke Support
To better 바카라 8 마틴 디시flect the complex natu바카라 8 마틴 디시 of business growth, Dr. Kim proposes a bespoke operational model: A customized support system led by the private sector. This model allows companies to develop growth strategies tailo바카라 8 마틴 디시d to their unique challenges, rather than 바카라 8 마틴 디시lying on one-size-fits-all government subsidies. By tapping into private capital, businesses can accelerate innovation, technology commercialization, and expansion, c바카라 8 마틴 디시ating a mo바카라 8 마틴 디시 sustainable path to scaling up.
