Small and medium-sized businesses in the Republic of Korea lag well behind their bigger counterparts in productivity, and the gap is getting wider.

A recent report by the Organisation for Economic Co-operation and Development suggested that the problems for SMEs are deeply entrenched.

Randall Jones, head of the OECD’s Japan and Korea desk, explained the issues facing Korean SMEs at an event hosted by the Asian Development Bank Institute.

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About the speaker

Randall Jones is head of the Japan and Korea desk of the Organisation for Economic Co-operation and Development.

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