Ministry of SMEs & Startups
South Korea & Saudi Arabia Create $160 Million Joint Fund to Foster Startups & Investment Cooperation
To enhance startup support and investment cooperation, South Korea and Saudi Arabia have announced the creation of a joint fund...
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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...
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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’s ‘Super Gap Project’ to propel deep-tech startups towards unicorn status with $1.49 billion investment
The Korean Ministry of SMEs and Startups, unveiled its ambitious plan to transform the nation into a global startup leader...
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Korean startups catch the eye of global VCs during President’s US tour, set to receive $75 million in investments
The United States has long been a land of opportunity for Korean companies, and it seems like the recent visit...
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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 Venture Market in Freefall: Government Scrambles to Salvage a Crumbling Investment Landscape
South Korea has recorded a decline of 60.3% in venture investment during quarter one of 2023 compared to last year,...
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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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