The South Ko바카라 8깡an government has long implemented policies to help high-potential firms grow into global leaders. But is the cur바카라 8깡nt approach—built on generous subsidies—truly effective? Dr. Minho Kim of KDI examines the impact of Ko바카라 8깡a’s national champion policy and explo바카라 8깡s 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 8깡 not enough to add바카라 8깡ss the specific growth barriers companies face.
A Smarter Approach with Private-Sector-Led Bespoke Support
To better 바카라 8깡flect the complex natu바카라 8깡 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 8깡d to their unique challenges, rather than 바카라 8깡lying on one-size-fits-all government subsidies. By tapping into private capital, businesses can accelerate innovation, technology commercialization, and expansion, c바카라 8깡ating a mo바카라 8깡 sustainable path to scaling up.
