South Korea plans to invest 2 trillion won in chips, AI, etc. by 2027 to establish a 'start-up fund'

News from this site on September 3, according to Yonhap News Agency, the Ministry of Small and Medium-sized Venture Enterprises of South Korea announced the "Comprehensive Countermeasures for Korean Start-ups" at the "Korea Start-up Industry Strategy Conference" held at the former Presidential Palace Blue House on the 30th, proposing to become one of the "three major startups in the world" "Great Power" goal.

The meeting was personally chaired by President Yin Xiyue. According to the countermeasures, the South Korean government will establish a "Korea Startup Fund" with a scale of 2 trillion won (note on this site: currently about 11 billion yuan) jointly invested by private and public officials by 2027, and expand the scale of venture capital to 2027. 14.2 trillion won in the year (currently approximately 78.1 billion yuan).

#According to reports, the fund’s investment scope covers deep technology fields such as system chips and artificial intelligence, as well as private equity secondary market funds (also known as Called S Fund) etc.

South Korea plans to raise its global ranking of entrepreneurial venture ecosystem to 7th by 2027 and cultivate five of the world's top 100 unicorn companies to achieve the goal

South Korea will also actively promote the globalization of the entrepreneurial venture ecosystem. Specific measures include providing support for start-ups that receive investment from overseas venture capital companies, and improving the system to facilitate foreigners to start businesses and find employment in South Korea

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