This study focuses on the growth and development of small and medium industries of Korea, orienting to the development of up-to-date technology from now on and bolstering their competitive ability in the rapidly changing international markets. For this purpose, the small and medium industries should 1) develop high-level manpower of up-to-date technology, 2) make constant efforts to categorize and divide the fields of technology with big business groups to boost their competitiveness, 3) raise automation rate by turning all facilities into mechatronics, 4) positively develop software know-how, 5) jointly conduct researches in cooperation with venture capital and Governmental research institute, 6) categorize an systematize the industries. On the Governmental level, there should be 1) wide-ranging support and assistance in technology, finance, and the facilities, 2) positive opening of consumer market, 3) assistance in technical cooperation with other nations, 4) and such indirect assistance as fostering the fields of related technology.