Government Policies
Ministry of SMEs & Startups unveils “Fostering Plans for Entrepreneurial Small Business Owners” to empower local brands
Minister Lee Young of the Ministry of SMEs and Startups revealed a new policy called 'Fostering Plans for Entrepreneurial Small...
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South Korea passes law allowing multiple voting stocks for startup founders
The South Korean National Assembly passed the "Act on Special Measures for the Promotion of Venture Businesses," allowing unlisted venture...
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Korean Ministry selects venture fund managers worth $245 million to support startups & entrepreneurship
South Korea's Ministry of SMEs and Startups, headed by Minister Lee Young, has announced the selection of a venture fund...
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Korean government’s 10.5 trillion won investment support plan for startups: Will it suffice to combat economic slowdown?
The global economic slowdown and shrinking of venture investment have caused significant distress in the startup ecosystem. In South Korea,...
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Korean ventures & startups lead employment growth, especially for young people & women: Ministry Report
Korean Ministry of SMEs and Startups announced on March 23rd that domestic ventures and startups have outpaced all companies in...
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Korean Ministry of SMEs and Startups strengthens ties with Middle-East region; Promotes startups at ‘Biban 2023’ event in Saudi Arabia
The Korean Ministry of SMEs and Startups is promoting Korean startups at Biban 2023, the largest startup, SMEs & entrepreneurship...
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Korean Ministry launches women’s venture fostering project to support female entrepreneurs
In recent years, there has been an increase in the number of female entrepreneurs in the startup ecosystem. However, innovative...
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Korean ministry to invest $12 billion to foster 10 deep-tech unicorn startups by 2027
South Korea aims to foster 10 deep-tech unicorns by 2027 by supporting research and development expansion with the private sector....
Read moreKorean Ministry of SMEs and Startups to invest over $10 million in startups in 2023
In what could be positive news for the startup ecosystem in Korea amidst the looming recession and cold winter of...
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Korea’s ‘Baby Unicorn 200 Nurturing Project’ adds 41 more promising startups for fostering scheme
Korea's Ministry of SMEs and startups' popular 'unicorn' nurturing program 'Baby Unicorn 200 Nurturing Project' has selected 41 additional companies...
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