The Small and Medium Business Administration (SMBA), since its foundation in 1996, has supported the Korea's SME-led innovation as the dynamo of the national economy.
Considering that the competitiveness of SMEs can be translated into national competitiveness itself, SMBA's primary mission has been to foster challenging and innovative SMEs so as to maximize the growth potential of Korea. Statistics show that Korean SMEs account for 99% of all corporations and 88% of all employees in South Korea.
During July 2017 under the Moon Jae-in government the Ministry of SMEs and Startups (MSS) was established and succeeds the Small and Medium Business Administration.
KOISRA was designated in 2015, 2016 and 2017 by SMBA as Oversea Market Consulting Agent to support export and oversea investment activities by Korean SME companies and startups. Since the establishment of MSS, KOISRA designated by the The Small & medium Business Corporation (SBC) as Global Business Partner