Training Programme on Industrial Development and SMEs Policies

The training programme on Industrial Development Policy was jointly organised by the Colombo Plan Secretariat and the Korea International Cooperation Agency (KOICA) on 7-22 July 2011, Seoul, Korea. The objectives of this programme were to enhance the overall knowledge of SME policies in Korea, to enhance the overall knowledge of Korean economic development and the role of Korean large companies and SMEs, and to discuss possible economic cooperation between Korea and the Colombo Plan Member countries.

There were 15 participants from the Colombo Plan developing member countries such as Bangladesh (2), Bhutan (2), Fiji, India, Indonesia (2), Maldives, Malaysia, Myanmar, Nepal, Papua New Guinea, Sri Lanka and Vietnam. They were able to gain knowledge of Korean SMEs and Small and Medium Business Corporation, economic development and changes in SME policies, ‘Saemauli’ (new community) movement in Korea, credit guarantee fund, and business incubator in Korea. The programme included lectures on Korean Economic Development overview, SMEs Development Strategy in developing countries, Korean SMEs and, Small and Medium Business Corporation, Korea Credit Guarantee Fund and Industrialization in Korea. There were also several on-site visits to several famous Korean companies, SMEs and industries such as Samsung Electric, Posco, Hyundai Heavy Industry, Promising SMEs and SME related organisations.