Shift Toward A Startup-Centered Society.
President Lee Jae-myung has announced a major structural shift in South Korea’s economic strategy, moving away from a model dominated by large conglomerates (chaebols) toward what he calls a startup-centered society. A new KRW 150 trillion National Growth Fund has been launched to inject liquidity into the KOSDAQ and support early-stage ventures. The policy aims to make entrepreneurship a core pillar of national growth, encouraging a culture where failure becomes an asset and risk-taking is rewarded.
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