SEOUL, KOREA - The Korean government finalized and announced 21 improvement projects in five areas in September to facilitate ventures.
The Office for Government Policy Coordination announced that 21 out of 34 venture-related legislation improvement projects were selected to build a start-up friendly environment. The five sectors are start-up support, site improvement, investment promotion, operation support and administrative regulation enhancement.
The Korean government plans to identify additional industries for start-up support. Also, to encourage the start-up of venture companies overseas, the government will establish a KRW 150 billion fund to support venture companies expanding globally.
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