Korean Government to Develop ‘Bojeong-dong Café Street’ in Indonesia
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The Small and Medium Business Administration (SMBA) announced its plans on August 3 to develop a small business K-town in Indonesia modeled after “Bojeong-dong Café Street” as a means of supporting the small business’ overseas expansion.
The café street developed spontaneously from the mid 2000’s in the Bojeong-dong café street. Currently, total 126 stores are operating in the area of 22,000 ㎡, and small theme streets are developed in every eight alleys.
For the policy, the SMBA proceeded a field investigation with Small Business Association, International Council for Small Business (ICBS Korea), Small Enterprise and Market Service (SEMAS), etc., and the Indonesian Government also has expressed a will to support the project.
Joo Young-sup, administrator of the SMBA said, “The ultimate goal is to produce 1,000 successful similar cases until year 2020 by pushing ahead of the small business’ overseas expansion policy.”
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Questions & Answers
Q.What is the primary aim of the Small and Medium Business Administration's (SMBA) new policy?
What is the primary aim of the Small and Medium Business Administration's (SMBA) new policy?
The SMBA's main goal is to support the overseas expansion of small businesses. They plan to develop a 'small business K-town' in Indonesia, modelled on the Bojeong-dong Café Street, to achieve this. Ultimately, they aim for 1,000 similar successful cases by 2020.
Q.Where will this new 'small business K-town' be located in Indonesia and when is it expected to open?
Where will this new 'small business K-town' be located in Indonesia and when is it expected to open?
The 'small business K-town' will be developed in the peripheral region of Jakarta, Indonesia. The SMBA announced plans for it to open around the end of 2018. They conducted a field investigation with several organisations for this policy.
Q.What is the 'Bojeong-dong Café Street' like, as it's being used as a model for the Indonesian project?
What is the 'Bojeong-dong Café Street' like, as it's being used as a model for the Indonesian project?
The original Bojeong-dong Café Street in Korea developed spontaneously from the mid-2000s. It currently has 126 stores operating across 22,000 square metres, with small theme streets developed within its eight alleys.
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