@article{kim_2018, title={An Analysis of the Effects of Brexit on Korean SMEs}, volume={6}, url={https://journals.scholarpublishing.org/index.php/ABR/article/view/4939}, DOI={10.14738/abr.68.4939}, abstractNote={<p><span style="font-family: Calibri;"><span style="font-size: medium;">The purpose of this paper is to examine the impact on Korean SMEs after the Brexit . . The research method used an industry association analysis. The results of the study are as follows. First, total exports in 2015 were $ 519.9 billion, while exports to the UK were $ 7.4 billion. Exports to the UK are about 1.4% of Korea’s total exports. The amount of damage to the total gross domestic product of Korea is estimated to be about 1.6 trillion won. SMEs account for about 56% of the total manufacturing output in Korea and about 12% of UK exports. Second, the loss estimate for SMEs is estimated to be W940bn. The amount of about 1 trillion won is a large amount, so anyone potentially affected will have to prepare. Policy implications are as follows: First, SMEs should move from export-oriented management to domestic-oriented management. Second, the export window should be unified to help SMEs export. The significance of this paper is to analyze the impact of small firms on SMEs.</span></span></p>}, number={8}, journal={Archives of Business Research}, author={kim, daejong}, year={2018}, month={Sep.} }