1945 - 1954  Reconstruction Period

Improvement of Basic Tools for SMEs Policies (Finance / Organizational Upgrading / Management Diagnosis & Guidance) 1948 Establishment of the Small and Medium Enterprise Agency

1955 - 1962  High Growth Period (1st. Stage)

Rectification of Dual Structure (Gaps between SMEs and Large Enterprises) Systematization of SMEs policy (Finance / Organizational Upgrading / Management Diagnosis & Guidance) Response for the Structure of Division of Labor among Subcontracting Enterprises

1963 - 1972  High Growth Period (2nd. Stage)

Modernization of SME 1963 Establishment of “Small and Medium Enterprise Basic Law” Intensification of Policies for Rectifying Disadvantages Measures for Small-scale Enterprises Measures for Enriching Equity Capital (Small and Medium Business Investment and Consultation Co., Ltd.) SME Modernization Promotion Law

1973 - 1984  Stable Growth Period

Knowledge Intensification Enriching Intangible Managerial Resources Institute for Small Business Management and Technology Small Business Information Center SME Regional Information Center in Districts

1985 - 1999  Transition Period (1st. Stage)

Structural Change and Industrial Agglomeration Measures for Supporting Start-up and New Businesses Temporary Law concerning Measures for the Promotion of the Creative Business Activities of Small and Medium Enterprises

2000 -   Transition Period (2nd. Stage)

1999 Amendment of “Small and Medium Enterprise Basic Law” Promoting Diverse and Vigorous Growth and Development of Independent SMEs Promoting Business Innovation and New Business Start-ups Strengthening Management Base of SMEs Facilitating Adaptation to Economic and Social Changes