Shulou(Shulou.com)11/24 Report--

CTOnews.com, September 3, according to Yonhap News Agency, South Korea's Ministry of small and medium-sized Venture Enterprises announced the "Comprehensive Strategy of South Korea's start-up Industry" at the "Korea start-up Industry Strategy Conference" held at the Blue House of the former presidential palace on the 30th, putting forward the goal of becoming one of the "three major entrepreneurial countries in the world."

The meeting was personally presided over by President Yin Xiyue. According to the response, the South Korean government will set up a 2 trillion won (CTOnews.com Note: current about 11 billion yuan) "Korean start-up fund" jointly invested by civil officials by 2027, expanding the scale of venture capital to 14.2 trillion won (currently about 78.1 billion yuan) in 2027.

According to reports, this fund investment field includes system chips, artificial intelligence and other in-depth technology, as well as private equity secondary market funds (also known as S funds) and so on.

According to the goal, South Korea plans to raise its entrepreneurial risk ecosystem global ranking to No. 7 by 2027, nurturing five of the world's top 100 unicorns.

In addition, South Korea will also actively promote the global construction of entrepreneurial risk ecosystem. Specifically, it includes providing support to start-ups that accept investment of more than a certain scale from overseas venture capital companies, and improving the system to facilitate foreigners to start businesses in South Korea and employment in start-ups.

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