SMEWG Resources

Indonesia

Improving Financial Literacy of SMEs Through National Movement for Financial Transaction Records

SMEs are particularly constrained by limited access to finance. One of these obstacles is a lack of financial information obtained by creditors. The Indonesian National Movement for Financial Transaction Records is one of the main strategies used to promote the development of SMEs by providing them with a better understanding of the benefits of financial transaction records. The program also provides capacity building for SMEs so that they can record their financial transactions through ICT devices, such as personal computers, laptops, and mobile phones.

Promoting Innovative Economy through APEC Co-Incubation Initiative

Promoting Innovative Economy through APEC Co-Incubation Initiative
2014/SMEWG39/018
Agenda Item: 11.3.2
ndonesia stated that business incubators were key tools for fostering private sector development through systematizing the process of assisting new technology-based business start-ups. As growing economies require continuous innovation, it was imperative to look for suitable opportunities overseas to be incubated in-house for common benefit. For that purpose, Indonesia proposed this initiative in order to further economic growth by fostering private sector development through the building of a common platform for entrepreneurship and an award/innovation competition for co-incubation.

Commercialization of SME Industry

In regard of supporting SMEs through the strengthening of the market and accessibility to finance, Indonesia established the Marketing Services Agency (LLP‐KUKM) and the Revolving Fund Agency (LPDB KUMKM). LLP‐KUKM aims to strengthen the promotion and marketing of products existing SMEs across Indonesia, by providing provincial pavilions, market information, consulting, training, etc. LPDB‐KUMKM is to ease SMEs' access to finance, through the provision of easiness interest include flexible loans.

Japan

Web Matching and Networking

One of the key challenges for Japanese SMEs is to globalize their businesses like its larger companies in the context of trade and investment promotion around the Asian and Pacific region. A web matching system “J-GoodTech has been established recently with a view to providing reliable platform connecting global SMEs. Bilateral CEO Network Enhancing Projects are also being arranged. APEC member economies’ interest and participation will be greatly appreciated.

Promoting SMEs’ Voluntary Development: Experience of Japan

Japan introduced the experience gained from the effort involved in Japan’s general accounting standard for SMEs to share what they have done for the voluntary development of SMEs. Many SMEs in Japan are often not aware that the accounting processes are important for the company management. The ERIA survey 2015 found that this is a common situation in each economy.

As the government agency, Japan presented that it is significant to select the target in SMEs, to implement measures tailored to the stage rather than to equate all SMEs, to make SMEs interested in without pressing.

Promoting SMEs’ Voluntary Development: Experience of Japan

Japan introduced the experience gained from the effort involved in Japan’s general accounting standard for SMEs to share what they have done for the voluntary development of SMEs. Many SMEs in Japan are often not aware that the accounting processes are important for the company management. The ERIA survey 2015 found that this is a common situation in each economy.

As the government agency, Japan presented that it is significant to select the target in SMEs, to implement measures tailored to the stage rather than to equate all SMEs, to make SMEs interested in without pressing.

 

“Finance” Matters for SME and Trade Policy

Japan emphasized the importance of bridging the gap between SME policy people and finance people. SME policy people should understand basic finance issues so as to provide policy support for solving prioritized finance issues for SME. Japan explained the usefulness of the APFF report as well as the necessity for SME policy people to give input and discussed how to solve the bottlenecks of SME finance.

APEC SME Exhibition Information Sharing Network and APEC SME Exhibition Model and APEC SME CEOs’ Network

Japan presented on the role, structure and operation of the “APEC SME Exhibition Information Sharing Network and APEC SME Exhibition Model” and the “APEC SME CEOs’ Network”

JISMEE 2011

The short introduction about the Japan International SME Exhibition in 2011.

Japanese Bar Initiatives to Resolve Legal Obstacles for Cross-border Business by SMEs

It presented on ways that SME Outbound Legal Support Working Group, Inter-Pacific Bar Association (IPBA) assisted SMEs to internationalize, particularly on the Japanese Bar Association (JBA) initiatives to resolve legal obstacles for cross-border businesses.

Recent Japan's Efforts on Food Value Chains and AFFrinnovation

Japan shared its efforts on the establishment of a food value chain, and the AFFrinnovation policy in Japan, and announced Japan’s APEC project on “High level public private forum on cold chain to strengthen agriculture and food's global value chain”.  AFFrinnovation is defined as a concept which aims to expand the possibility of combining agriculture, fisheries and forestry as integrated industries as a result of the movement from primary industries to tertiary industries.

SMEWG Strategic Plan 2009-2012 Report on Progress of Activities Under Financing

Japan updated on APEC SMEWG initiatives relating to financing. Gaps identified in this area were i) need for increased SME access to finance and ability to manage global crises; ii) need to improve capability of SME financial institutions; iii) insufficient collaboration between the APEC SMEMM and other international fora; iv) insufficient financing for micro enterprises; v) need to learn from experiences of other economies on micro-financing. To contribute to addressing these gaps, Japan highlighted that it would organize an EoDB seminar on getting credit and Indonesia would organize a workshop on developing micro-finance institutions.

Improving SMEs’ Access to Financing and Management by Utilizing the General Accounting Standard for SMEs

Japan shared its efforts and experience to address SMEs’ access to financing issues by developing and utilizing a new accounting standard for SMEs, named the “General Accounting Standard for SMEs”. The standard

was based on SMEs’ accounting practice and compliant with other accounting rules including Japan’s traditional corporate accounting principles and taxation laws.

Republic of Korea

APEC SME Internationalization Model Indices - Development and Application

This project aims to develop APEC model indices to measure SME internationalization level, including global value chain (GVC). The common indices in the APEC would provide basis for and facilitate discussions among the policy makers and businesses. The first project focuses on the development of the APEC SME internationalization indices and the application of it to some of member economies, as a process of examining the feasibility of the indices in the region. Eventually, it will lead to the next project which includes expanding the scope to all APEC economies in the form of extended research and workshops.

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APEC Workshop on SME Internationalization Model Indices

Korea's project titled APEC SME Internationalization Model Indices: Development and Application (SME04 2015) ended on July 31, 2016. In order to share the results of the project and to discuss ways to globalize SMEs in the APEC region, Korea's Small and Medium Business Administration (SMBA) and Small and medium Business Corporation(SBC) plan to hold a workshop in Seoul, Korea in October 2016. 

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Promoting SMEs’ Integration into Global Value Chains – Phase 2

Under the APEC Strategic Blueprint for Promoting GVC Development and Cooperation, this project seeks to incorporate and disseminate key deliverables achieved in the Phase 1 of the initiative "Promoting SMEs' Integration into Global Value Chains".

Two core element of the project includes (1) holding GVC Workshops, to better understand GVCs and to create better trade environment for SMEs' GVC participation, and (2) developing a comprehensive final policy report focusing on policy recommendations and strategy to promote GVC participation which contributes to realizing APEC's shared goal of promoting balanced and inclusive growth.

By providing best practice cases and policy recommendations, this project seeks to contribute to APEC priority agenda of enhancing the regional economic integration and support sustainable and inclusive economic growth in the Asia-Pacific region.

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Women's Economic Empowerment and ICT: Capacity Building for APEC Women Entrepreneurs in the Age of the 4th Industrial Revolution

ICTs have the potential to promote women's economic empowerment. For example, ICT skills enable women entrepreneurs and potential women entrepreneurs to access e-commerce and lower their barriers to the global markets, which leads them to become more competitive in global value chains.

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A Successful Case of Korean Government Policies Contributing to the Success of a Female Entrepreneur in the Chinese Market

Korean government’s presentation on SME support programs which contributed to the success of a female entrepreneur in the Chinese market. Her company faced with many difficulties when established and she decided to enter overseas markets in 2013. However, problems arose in that course, including lack of information, language barrier, and high cost of marketing. Then, in 2015, the company participated in a government assistance program named ‘Global Distribution Network Program’ that was jointly run by SMBA, Small and Medium Business Administration, and SBC, Small and medium Business Corporation. Thanks to that, the company was offered with opportunities to sell its products on a highest-rated home shopping network in China.

A Successful Case of Korean Government Policies Contributing to the Success of a Female Entrepreneur in the Chinese Market

Korean government’s presentation on SME support programs which contributed to the success of a female entrepreneur in the Chinese market. Her company faced with many difficulties when established and she decided to enter overseas markets in 2013. However, problems arose in that course, including lack of information, language barrier, and high cost of marketing. Then, in 2015, the company participated in a government assistance program named ‘Global Distribution Network Program’ that was jointly run by SMBA, Small and Medium Business Administration, and SBC, Small and medium Business Corporation. Thanks to that, the company was offered with opportunities to sell its products on a highest-rated home shopping network in China.

Korea’s Experience in Policy Support to Encourage Korean Small Businesses to Make Use of Free Trade Agreements

Government organizations such as SMBA, Korea Customs Service, the Ministry of Trade, Industry, and Energy, and SME-support organizations such as Korea Federation of SMEs are working closely together to implement various policies to support Korean SMEs to make proper use of FTAs.

APEC SME Internationalization Model Indices: Development and Application

The APEC SME Internationalization Model Indices was developed per individual economy as well as APEC as the whole thanks to the data collected through pilot studies from 5 member economies. As for analysis, the SME internationalization was examined in terms of the economy-industry-firm size aspect, the diversity-intensity relationship and the major determinants. Major research results included: 1) The larger the firm size, the higher the internationalization level of SMEs; 2) The diversity of SME internationalization is generally higher than the Intensity across all economies; and 3) Firm size, R&D, export history, openness and industry characteristics matter for SME internationalization, but readiness to market advance and government support have little or significant impact on internationalization.

In order to share the results of the project and to discuss ways to globalize SMEs in the APEC region, Korea’s Small and Medium Business Administration (SMBA) and Small and medium Business Corporation(SBC) hold a workshop in Seoul, Korea in October 2016 (SME 05 2016S)

2015 APEC E-Commerce Forum: New Paradigm for Cross-Border E-Commerce and Online Shopping (SME 01 2015S)

APEC e-commerce forum was held from November 26 to 28, 2015 in Jeju city, Korea. The purpose of the event was to provide a place to discuss the e-commerce industry for industry experts and policy makers. This forum contributed to increasing people’s understanding about the e-commerce industry, and sharing the most up-to-date information on the e-commerce industry.

Korea’s Experience in Policy Support to Encourage Korean Small Businesses to Make Use of Free Trade Agreements

Government organizations such as SMBA, Korea Customs Service, the Ministry of Trade, Industry, and Energy, and SME-support organizations such as Korea Federation of SMEs are working closely together to implement various policies to support Korean SMEs to make proper use of FTAs.

APEC SME Internationalization Model Indices: Development and Application

The APEC SME Internationalization Model Indices was developed per individual economy as well as APEC as the whole thanks to the data collected through pilot studies from 5 member economies. As for analysis, the SME internationalization was examined in terms of the economy-industry-firm size aspect, the diversity-intensity relationship and the major determinants. Major research results included: 1) The larger the firm size, the higher the internationalization level of SMEs; 2) The diversity of SME internationalization is generally higher than the Intensity across all economies; and 3) Firm size, R&D, export history, openness and industry characteristics matter for SME internationalization, but readiness to market advance and government support have little or significant impact on internationalization.

 

In order to share the results of the project and to discuss ways to globalize SMEs in the APEC region, Korea’s Small and Medium Business Administration (SMBA) and Small and medium Business Corporation(SBC) hold a workshop in Seoul, Korea in October 2016 (SME 05 2016S)

2015 APEC E-Commerce Forum: New Paradigm for Cross-Border E-Commerce and Online Shopping (SME 01 2015S)

APEC e-commerce forum was held from November 26 to 28, 2015 in Jeju city, Korea. The purpose of the event was to provide a place to discuss the e-commerce industry for industry experts and policy makers. This forum contributed to increasing people’s understanding about the e-commerce industry, and sharing the most up-to-date information on the e-commerce industry.

Public Procurement Opportunities for Women- Owned Enterprises

There were 1.25 million women-owned enterprises in Korea, 38.8% of the entire population. To promote these SMEs, Korea passed an Act on Women Enterprise Support, which stipulated that public organizations should purchase at least 5% of goods and services and 3% of construction services from women-led SMEs.

Online Export Assistance Programs for SMEs (Korea)

The online export support project for SMEs provided e-trade services to SMEs that had difficulty with overseas promotion and market expansion. At the moment, the project was in the one-stop support stage, in which there were four steps, namely: education, infrastructure build-up, marketing, and transactional arrangement/after-sale service. Korea has successfully conducted its one-stop support project through GobizKorea, e-Trade channel, BMS/VAP, and B2C agency sale..

SME Internationalization: The Case of Korea and later Research Directions

The study by Korea aimed to find out if PSU's model of the study ""SME Internationalization and Measurement" fit to Korean SMEs, what problems could arise in the course of measurement and data collection, and if there were any lessons to be considered for Korea's project. The study targeted 100 exporting/importing Korean SMEs in three industries such as electronics (including IT), automobiles/parts, and textile/apparel.

Malaysia

APEC Online-to-Offline (020) Initiative - Unlease the Potential of SMEs through Digital Transformation for a Shared Future 

In response to APEC Leaders and Ministers' instruction regarding digital economy in 2016 and the 2017 theme "Creating New Dynamism, Fostering a Shared Future", this initiative, as the 3rd phase of the O2O Initiative, keeps aiming to bring in the latest knowledge of digital competitiveness and resilience, and show the APEC region that how SMEs can outcompete in the new era with rapid digital transformation and O2O application. With abovementioned goals, we are committed to continuously providing networking, showcasing and mentoring opportunity to the APEC startups and SMEs, facilitating their access to digital and physical global value chains (GVCs) and stimulating the dynamism of innovation in the Asia Pacific.

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Empowering Youth Entrepreneurship

Initiative oriented to encourage the youth (between 18 - 40 years) to venture into business. The objectives of this program are to acculturate entrepreneurship, create a paradigm shift from job seekers to employment providers, and create resilience and sustainability of entrepreneurs. After the successful completion of Phase 1 (Test the Perseverance of Mind & Physical) and Phase 2 (Increase Knowledge - Effective Business Operations), the participants will receive RM15, 000 (USD3,628) to assist them in starting the business and will be able to utilize the a Buddy System for 12 months upon the business establishment to receive advice from experienced and trained Business Counsellors.