Improving Access to Finance to Unlock SME Growth Potential in Emerging Markets: South Korea Example:  Drivers of SME Growth and Sustainability in Emerging Markets

Gifty Edwin-Akakpo; Alfred Akakpo; Said Ali

doi:10.4018/979-8-3693-0111-1.ch003

Improving Access to Finance to Unlock SME Growth Potential in Emerging Markets: South Korea Example: Drivers of SME Growth and Sustainability in Emerging Markets

Gifty Edwin-Akakpo^*
, Alfred Akakpo
, Said Ali

^*Corresponding author for this work

Business Systems & Operations

Research output: Contribution to Book/Report › Chapter › peer-review

Abstract

The purpose of this chapter is to examine access to finance for small and medium scale enterprises in emerging markets with a focus on South Korea. This book chapter evaluates the critical role access to finance plays in enabling growth and expansion for SMEs in emerging market economy such as a South Korea. Also, there is critical analysis of the challenges faced by SMEs in securing financing in emerging markets. The lack of funding sources was discussed with a review on innovative models and policy solutions that aim to improve small and medium scale enterprises' access to finance.

Original language	English
Title of host publication	Drivers of SME Growth and Sustainability in Emerging Markets
Editors	Sumesh Dadwal, Pawan Kumar, Rajesh Verma, Gursimranjit Singh
Publisher	IGI Global
Chapter	3
Pages	54-67
Number of pages	14
ISBN (Electronic)	9798369301135
ISBN (Print)	9798369301135, 9798369301111, 9798369301128
DOIs	https://doi.org/10.4018/979-8-3693-0111-1.ch003
Publication status	Published - 19 Mar 2024

Publication series

Name	Drivers of SME Growth and Sustainability in Emerging Markets
Publisher	IGI Global
ISSN (Print)	2327-350X

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

SDG 8 Decent Work and Economic Growth
SDG 9 Industry, Innovation, and Infrastructure

Keywords

access to finance
small and medium enterprises (SMEs)
emerging markets
south korea
innovative financing models

Access to Document

10.4018/979-8-3693-0111-1.ch003

Akakpo_et_al_2024_Improving_Access_to_Finance_to_Unlock_SME_Growth_Potential_in_Emerging_Markets-South_Korea_ExampleAccepted author manuscript, 373 KBLicence: CC BY

Cite this

Edwin-Akakpo, G., Akakpo, A., & Ali, S. (2024). Improving Access to Finance to Unlock SME Growth Potential in Emerging Markets: South Korea Example: Drivers of SME Growth and Sustainability in Emerging Markets. In S. Dadwal, P. Kumar, R. Verma, & G. Singh (Eds.), Drivers of SME Growth and Sustainability in Emerging Markets (pp. 54-67). (Drivers of SME Growth and Sustainability in Emerging Markets). IGI Global. https://doi.org/10.4018/979-8-3693-0111-1.ch003

Edwin-Akakpo, Gifty ; Akakpo, Alfred ; Ali, Said. / Improving Access to Finance to Unlock SME Growth Potential in Emerging Markets: South Korea Example : Drivers of SME Growth and Sustainability in Emerging Markets. Drivers of SME Growth and Sustainability in Emerging Markets. editor / Sumesh Dadwal ; Pawan Kumar ; Rajesh Verma ; Gursimranjit Singh. IGI Global, 2024. pp. 54-67 (Drivers of SME Growth and Sustainability in Emerging Markets).

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abstract = "The purpose of this chapter is to examine access to finance for small and medium scale enterprises in emerging markets with a focus on South Korea. This book chapter evaluates the critical role access to finance plays in enabling growth and expansion for SMEs in emerging market economy such as a South Korea. Also, there is critical analysis of the challenges faced by SMEs in securing financing in emerging markets. The lack of funding sources was discussed with a review on innovative models and policy solutions that aim to improve small and medium scale enterprises' access to finance.",

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Edwin-Akakpo, G, Akakpo, A & Ali, S 2024, Improving Access to Finance to Unlock SME Growth Potential in Emerging Markets: South Korea Example: Drivers of SME Growth and Sustainability in Emerging Markets. in S Dadwal, P Kumar, R Verma & G Singh (eds), Drivers of SME Growth and Sustainability in Emerging Markets. Drivers of SME Growth and Sustainability in Emerging Markets, IGI Global, pp. 54-67. https://doi.org/10.4018/979-8-3693-0111-1.ch003

Improving Access to Finance to Unlock SME Growth Potential in Emerging Markets: South Korea Example: Drivers of SME Growth and Sustainability in Emerging Markets. / Edwin-Akakpo, Gifty; Akakpo, Alfred; Ali, Said.
Drivers of SME Growth and Sustainability in Emerging Markets. ed. / Sumesh Dadwal; Pawan Kumar; Rajesh Verma; Gursimranjit Singh. IGI Global, 2024. p. 54-67 (Drivers of SME Growth and Sustainability in Emerging Markets).

Research output: Contribution to Book/Report › Chapter › peer-review

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KW - emerging markets

KW - south korea

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Edwin-Akakpo G, Akakpo A, Ali S. Improving Access to Finance to Unlock SME Growth Potential in Emerging Markets: South Korea Example: Drivers of SME Growth and Sustainability in Emerging Markets. In Dadwal S, Kumar P, Verma R, Singh G, editors, Drivers of SME Growth and Sustainability in Emerging Markets. IGI Global. 2024. p. 54-67. (Drivers of SME Growth and Sustainability in Emerging Markets). doi: 10.4018/979-8-3693-0111-1.ch003