This study explores the current status and characteristics of Business Incubators in Korea and suggests some directions for effective management of Business Incubators. Numerous countries promore Business Incubator programs to revitalize local economy...
This study explores the current status and characteristics of Business Incubators in Korea and suggests some directions for effective management of Business Incubators. Numerous countries promore Business Incubator programs to revitalize local economy, increase employment, and nurture high-tech industries. Recently, a number of Business Incubators have been established and operated with aims to adapt to changing environment and increase economic competitiveness in Korea. This study based on the survey shows that Business Incubators in Korea have some characteristics: government oriented programs, financial weakness, lack of specialists in the operation of Business Incubators, and limited services for tenant companies.