The Korean Economic Forum
A Discoursive Approach of Meaning, Notion, Reality of the SME-centered Economic Structure and the Directions of Government Policy
Pyoung Ryang Wi (Economic Reform Research Institute)Year 2019Vol. 12No. 2
Abstract
Moon Jae-in government showed the greatest difference from the previousgovernment by suggesting ‘to build up the economic structure of SMEs as analternative the Cheabol-large enterprise economic system’ and ‘to resolve thewage gap between SMEs and large corporations workers’.To achieve this goal, the government should first establish an academicdefinition of the SME-centered economic structure. It can not be sustainedwithout an academic foundation on philosophy and theory. Second, to combinenew policies and ensure sustainability, the government must overcome theeconomic ideology that has dominated the Korean economy and build a thirdideological system. Third, the reality of the SME-centered economic structure isto resolve the wage gap between large and small-sized business workers and thegovernment should recognize that this goal is also a solution to the dualstructure of the economy. Finally, the enforcement of government policiesshould minimize the intervention of interest groups and political groups byclearly setting the level of government involvement in each area and factors.