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Korea's Ministry of SMEs and Startups has rolled out measures to foster long-term businesses that can continue through generations.
The plan aims to uncover small companies with growth potential and help them to stay in business for more than 100 years.
Their success model will also be shared to cultivate a sustainable business environment that creates a virtuous cycle.
The government will seek out companies in the retail, wholesale or restaurant sectors that have been in business for more than 30 years, and have expertise and a certain level of innovation in their products, services and marketing strategies.
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