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Venture Firms Sharpen Tech Edge as R&D Investment Doubles Over a Decade

SEOUL, Jan. 5 (Korea Bizwire) — South Korea’s venture companies have sharply strengthened their technological competitiveness over the past decade, significantly expanding research and development spending and intellectual property holdings while also improving their financial health, according to a government-backed survey released on Sunday. Data from the Venture Enterprise Survey, comparing results from 2015 and 2025, [...]

Public Backs State Role in Nurturing Venture Firms as Growth Engines

SEOUL, Aug. 28 (Korea Bizwire) — A large majority of South Koreans believe government support is crucial to developing venture businesses, underscoring public recognition of startups as key drivers of innovation and economic growth, according to a survey released Tuesday. The poll, conducted by the Korea Venture Business Association between July 14 and 21 with [...]

S. Korea to Expand Support for Venture Firms

SEOUL, Aug. 26 (Korea Bizwire) — South Korea said Thursday it plans to increase tax incentives for venture firms and support their drive for mergers and acquisitions (M&As) as part of efforts to nurture innovative startups. Under a vision to become one of the world’s major venture powerhouses, the government plans to support venture firms’ [...]

Number of Employees of Venture Businesses Exceeds Top 5 Conglomerates in S. Korea

SEOUL, Dec. 28 (Korea Bizwire) — As of 2017, 762,000 South Koreans worked for venture businesses, which was more than the 750,600 employees working for Samsung and the four other largest conglomerates in South Korea. The Ministry of SMEs and Startups and the Korea Venture Business Association revealed that the average number of employees at [...]

Ruling Party Raises Need to Adopt Dual-class Share System for Venture Firms

SEOUL, Oct. 11 (Korea Bizwire) — The ruling Democratic Party (DP) on Thursday raised the need to introduce a dual-class share system for venture companies in a bid to help them secure funds while defending their managerial rights. As a key management defense tool, the dual-class share system allows major shareholders to exercise multiple voting [...]