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Laws

Framework act on small and medium enterprises

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The purpose of this Act is to provide for basic matters concerning the direction-setting for small and medium enterprises and measures for fostering small and medium enterprises with the aim of supporting their creative and independent growth, improving their industrial structure, and facilitating the balanced development of the national economy.

Act on facilitation of purchase of small and medium enterprise-manufactured products and support for development of their markets

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The purpose of this Act is to contribute to the enhancement of the competitiveness of small and medium enterprises and to the management stability thereof by facilitating the purchase of small and medium enterprise-manufactured products and supporting the development of markets therefor.

Act on special cases concerning the regulation of the special economic zones for specialized regional development

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The purpose of this Act is to systematically support specialized regional development and to help stimulate regional economies and the growth of the national economy by selectively applying special cases for regulations in accordance with the characteristics of each region through the designation and operation of special economic zones for specialized regional development.

Act on the protection of and support for micro enterprises

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The purpose of this Act is to contribute to improving the social and economic status of micro enterprises as well as to the balanced development of the national economy by promoting independent business activities of micro enterprises and furthering the management stability and growth thereof.

Act on special measures for the promotion of venture businesses

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The purpose of this Act is to contribute to the facilitation of the structural adjustment of the industry as well as to the enhancement of the competitiveness thereof, by promoting the conversion of existing enterprises into venture businesses and the establishment of venture businesses.

Act on support for female-owned businesses

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The purpose of this Act is to seek actual gender equality in the economic realm by actively supporting the activities of female-owned businesses and women's establishment of business and to contribute to the development of the national economy by facilitating women's economic activities and elevating the status of businesswomen.

Act on the fostering of self-employed creative enterprises

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The purpose of this Act is to contribute to the growth of the national economy by fostering self-employed creative enterprises through the promotion of the establishment of self-employed creative enterprises by the people who have creativity and specialty and through the creation of the foundation for the growth thereof.

Act on the promotion of collaborative cooperation between large enterprises and small-medium enterprises

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The purpose of this Act is to sharpen the competitiveness of large enterprises and small-medium enterprises by consolidating win-win cooperation between them and to attain their shared growth by resolving the polarization between large enterprises and small-medium enterprises with the aim of laying the foundation for sustainable growth of the national economy.

Act on the promotion of technology innovation of small and medium enterprises

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The purpose of this Act is to contribute to the development of the national economy through the strengthening of the technological competitiveness of small and medium enterprises by expanding infrastructure to promote technological innovation of small and medium enterprises and establishing and implementing policies related thereto.

Promotion of disabled persons' enterprise activities act

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The purpose of this Act is to contribute to the growth of the national economy by proactively facilitating business start-ups and entrepreneurial activities of disabled persons, improving the economic and social status of disabled persons, and endeavoring to enhance their economic strength.

Special act on support for small urban manufacutrers

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The purpose of this Act is to contribute to the development of the national economy by establishing a support system for the growth and development of small urban manufacturers and encouraging their economic activity.

Small and medium enterprise cooperatives act

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TThe purpose of this Act is to provide for the matters concerning the establishment, management, and development of cooperative organizations, through which small and medium enterprisers consolidate and promote collaborative projects, with aims of providing equal economic opportunities to small and medium enterprisers and encouraging their independent economic activities to improve the economic status of small and medium enterprisers and accomplish the balanced development of the national economy.

Small and medium enterprises promotion act

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The purpose of this Act is to strengthen the competitiveness of small and medium enterprises through their structural advancement, and expand the business sphere for small and medium enterprises, thereby contributing to the balanced development of the national economy. <Amended by Act No. 9683, May 21, 2009>

Special act on support for human resources of small and medium enterprises

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The purpose of this Act is to contribute to the balanced development of the national economy and society by enhancing the competitiveness of small and medium enterprises and promoting the employment thereof with support for programs facilitating the supply and demand of human resources, upgrading human resource structure and improving awareness of small and medium enterprises.

Special act on the development of traditional markets and shopping districts

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The purpose of this Act is to seek the revitalization of local business districts and balanced development of the distribution industry through facilitating the modernization of facilities and business management of traditional markets and shopping districts in order to contribute to the growth of the national economy.

Special act on the promotion of business conversion in small and medium enterprises

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The purpose of this Act is to promote the business conversion of small and medium enterprises that suffer difficulties due to changes in the economic environment, which will enhance the competitiveness of small and medium enterprises and upgrade the industrial structure, thereby contributing to the healthy development of the national economy.

Support for small and medium enterprise establishment act

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The purpose of this Act is to contribute to the establishment of a solid industrial structure through sound development of small and medium enterprises by facilitating the setting-up of small and medium businesses and developing a firm basis for their growth.

Regional credit guarantee foundation act

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The purpose of this Act is to facilitate financial accommodation, revitalize the regional economy and contribute to the promotion of welfare of the populace by establishing credit guarantee foundations and the Korean Federation of Credit Guarantee Foundations to enable them to guarantee obligations of small enterprises, micro enterprise, etc., and individuals short of security solvency in the district.

Act on Support for Protection of Technologies of Small and Medium Enterprises

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The purpose of this Act is to strengthen the capability of small and medium enterprises to protect technologies and their technical competitiveness, by expanding infrastructure to protect technologies of small and medium enterprises and by formulating and implementing policies related thereto, thereby contributing to the development of national economy.

Act on Special Cases Concerning Support for Technoparks

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The purpose of this Act is to cluster human and physical resources of enterprises, universities, research institutes, etc. in certain places to jointly develop technology and to bring about regional innovation based on close connections and collaboration among such entities, thereby contributing to creating jobs, invigorating regional economies, and promoting national competitiveness.

Korea Technology Finance Corporation Act

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The purpose of this Act is to facilitate the financing of new technology business by stabilizing and developing technology guarantee systems through the establishment of the Korea Technology Finance Corporation, and further contribute to the development of the national economy.