Abstracts Category : Other

Youth Entrepreneurship Development in South Korea

by Anna Chekalyuk

Youth entrepreneurship is a phenomenon which is nowadays studied by researchers all over the world who aim to find out what possibilities it opens for society and how to create the most favourable conditions for the success of youth-led firms. The aim of this thesis is to list advantages and disadvantages of South Korea for the development of youth entrepreneurship. This country has been chosen due to the move of the country towards the creative economy and the emerging start-up scene, which attracts attention of businesses all over the world. The researchers goal is to find out if business environment of the country corresponds with the needs of young entrepreneurs, particularly, students and have a potential to become an emerging hub for youth-led start-ups.Deductive research approach is chosen for this thesis; both qualitative and quantitative methodologies are utilized. The secondary data is derived from reliable, up-to-date published and electronic sources; the primary data is collected from semi-structured interviews and a questionnaire. The gathered information is carefully analysed and conclusion is made about business environment in South Korea.The results of the research evidentiated that South Korea has both advantages and disadvantages for the development of youth entrepreneurship. In order to reach its full potential the country should solve the problems of low prestige of entrepreneurship, bad quality of entrepreneurship education, shortage of funding and lack of awareness of business assistance programs.