History and scholarship
Penrose (1959) on firm growth; Birch (1979) on small-firm job creation, later qualified by Haltiwanger et al. (2013) on firm age; Brown and Medoff (1989) and Oi and Idson (1999) on the size–wage effect; Simon (1996) on hidden champions.
Key points
The ministry has reportedly designated youth-friendly SMEs on wages, work–life balance and stability; criteria change. Laws, programmes, visa rules and hiring practice change; check official notices, current law and actual postings.
In practice
Also check finances, turnover, reviews, training and family-friendly certification.
FAQ
- Where's the list?
- Public channels such as Work24.
- Is SME experience a disadvantage?
- Not if skills are shown.
Sources reviewed: 2026-10-26
References
- Penrose, E. T. (1959). The Theory of the Growth of the Firm. Blackwell.
- Birch, D. L. (1979). The Job Generation Process. MIT Program on Neighborhood and Regional Change.
- Brown, C., & Medoff, J. (1989). The employer size–wage effect. Journal of Political Economy, 97(5), 1027–1059.
- Simon, H. (1996). Hidden Champions: Lessons from 500 of the World's Best Unknown Companies. Harvard Business School Press.
- Oi, W. Y., & Idson, T. L. (1999). Firm size and wages. In O. Ashenfelter & D. Card (Eds.), Handbook of Labor Economics (Vol. 3B, pp. 2165–2214). Elsevier.
- Haltiwanger, J., Jarmin, R. S., & Miranda, J. (2013). Who creates jobs? Small versus large versus young. Review of Economics and Statistics, 95(2), 347–361.
- 고용24(고용노동부). https://www.work24.go.kr
- 국가법령정보센터. https://www.law.go.kr