Government Policies

November 21, 2023

In a landmark development for South Korea's venture investment landscape, the Ministry of SMEs and Startups, led by Minister LEE...

Minister of Culture, Sports and Tourism Yu In Chon

Government Policies

Korean Ministry Unveils $766.5 Million Plan to Supercharge K-Content Industry

November 16, 2023

In a groundbreaking move to fortify the K-Content industry, the Ministry of Culture, Sports and Tourism announced a robust investment...

President Yoon Suk Yeol (front) speaks during a Startup Korea Strategy Meeting at the former presidential compound of Cheong Wa Dae in Seoul on Aug. 30, 2023. (Yonhap)

Government Policies

Korean Government Unveils Ambitious Initiatives to Foster Global Startups and Unicorns by 2027

by Dae-jung Park

October 18, 2023

South Korea has set its sights on becoming a global hub for startups and fostering the growth of billion-dollar companies...

Government Policies

Ministry of SMEs and Startups Reveals ‘Global Fund Management Company Selection Results,’ Propelling Plans for $974 million Investment Surge

by Richard Park

In a significant move towards fostering international investment and propelling Korean ventures and startups onto the global stage, the Ministry...

Government Policies

Seoul Metropolitan Government Launches 5 Trillion Won (3.7 billion USD) ‘Seoul Vision 2030 Fund’ to Foster Startups

In a move to catalyze innovation and propel startups toward success, the Seoul Metropolitan Government has created a 5 trillion...

Government Policies

Korean Government Announces $ 858 million Investment in 42 Venture Funds to Foster Innovation

The Korean Ministry of SMEs and Startups, in collaboration with eight other ministries, ministries including the Ministry of Education, the...

Government Policies

South Korea Launches CVC Alliance with 42 Corporations to Drive $6.2 Billion Innovation Boost for Startups

The Korean Ministry of Trade, Industry, and Energy (Ministry of Industry) joined hands with 42 domestic corporate-led venture capital (CVC)...

image courtesy | Startup Promotion Agency K Unicorn Homepage

Government Policies

Korean Ministry of SMEs and Startups Unveils 51 ‘Baby Unicorn’ Companies Poised for Global Success

The Korean Ministry of SMEs and Startups announced that it has selected 51 'baby unicorn' companies that are highly likely...

Minister Lee Young of the Ministry of SMEs and Startups

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...

Government Policies

South Korea passes law allowing multiple voting stocks for startup founders