Ventures are getting more important than anytime else in Korea, because the economic recession in Korea and the economic dynamics in the US. But the extant literature in Korea didn't explain the real context of the korean ventures, and they seem to predict or control them hastily.
This study aims to describe the real pictures of the korean ventures, and to propose grounded propositions. A case study research on the 16 korean ventures sheds light on the aspects, which couldn't be found by a questionnaire survey or a just success story.
The conjecture is; i) the founding team of experts performs best; ii) managers of ventures surmount the liabilities of smallness, newness or adolescence by networking actively; iii) The key success factors (KSFs) are different among industries as well as growth stages; iv) the government supports are more beneficial to ventures in the startup stage than in any other growth stages.
The theoretical and practical implications of the study will be discussed, and the further issues will follow them.
