Government Policies

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

The South Korean National Assembly passed the "Act on Special Measures for the Promotion of Venture Businesses," allowing unlisted venture...

Government Policies

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...

Lee Young (right), Minister of SMEs and Startups, and Kim Joo-hyun, Chairman of the Financial Services Commission, announcing plans to support innovative ventures and startups

Government Policies

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,...

Lim Jung-wook, head of the Startup and Venture Innovation Office at the Ministry of SMEs and Startup

Government Policies

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...

Events

Korean Ministry of SMEs and Startups strengthens ties with Middle-East region; Promotes startups at ‘Biban 2023’ event in Saudi Arabia

by Chloe kim

The Korean Ministry of SMEs and Startups is promoting Korean startups at Biban 2023, the largest startup, SMEs & entrepreneurship...

Government Policies

Korean Ministry launches women’s venture fostering project to support female entrepreneurs

by Aditi Dave

In recent years, there has been an increase in the number of female entrepreneurs in the startup ecosystem. However, innovative...

Government Policies

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....

Government Policies

Korean Ministry of SMEs and Startups to invest over $10 million in startups in 2023