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State-Owned Land to Support Social Enterprises

SEOUL, Jul. 23 (Korea Bizwire) — The central government in association with the ruling Democratic Party of Korea said it would continue to advocate for the creation of new jobs for the nation’s youth by nurturing so-called “social economy” ventures. The social economy is formed by a diversity of social actors that place importance [...]

Angel Investment Exceeds W100 Billion for First Time Since 2003

SEOUL, July 27 (Korea Bizwire) – The Small and Medium Business Administration (SMBA) of South Korea announced on July 26 that last year’s angel investment – funds provided for start-up businesses – increased by 67.7 percent, exceeding 100 billion won ($88 million) for the first time since 2003. Considering the tax exemption limit law, investment profits [...]