Exploring Entrepreneurial Growth Aspirations: Empirical Evidence of South Korea


  • Donghwan Cho


Regional economy, Entrepreneurial aspiration, Entrepreneurship, Economic development


All major countries in the world are focusing on economic development through entrepreneurship. In this global trend, Korea has been making efforts to revitalize entrepreneurship by promoting entrepreneurship by region and supporting young entrepreneurship. However, there are many cases in which many policies for supporting start-ups are established and executed without grasping the actual situation of unique start-ups. The purpose of this study is to explore the actual conditions, enthusiasm and promotion plan of Busan, which is a representative local city in Korea. For this purpose, 2000 sample were collected and used for analysis. As a result, it is found that the enthusiasm for entrepreneurship of the entrepreneurs in Busan is slightly lower than metropolitan area or Korean average. This can be confirmed by the degree of utilization of new technology, entrants to new markets, and expected job creation level of entrepreneurial entrepreneurs. Implications for promoting entrepreneurship for regional economic development are discussed.


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How to Cite

Cho, D. (2017). Exploring Entrepreneurial Growth Aspirations: Empirical Evidence of South Korea. Asian Journal of Business and Management, 5(5). Retrieved from https://ajouronline.com/index.php/AJBM/article/view/4940