One of the conclusions from the researches of the last 40 years on the relationship between technological development and economic growth is that technology is an essential factor in economic growth. A majority of firms in developing countries, including Korea, are small to medium sized, so technology transfers is an alternative to developing in those technologies. Such firms prefer technology transfers over self-development because of time and money savings. This paper analyzes the types and processes of technology transfers and suggests a direction and tasks to establish a technomart through an examination of domestic and foreign case studies. Laws, organizations and institutional aspects which are related to establishing technomart are also discussed.