South Korea's Minister of Small and Medium Risk Enterprises: Startups are the future of Korea's economy, and support for entrepreneurship will continue next year.

Source: TokenPost Original Title: Minister Han Sung-sook of the Small and Medium Business Administration: “Startups are the future of Korea’s economy… Continued support for entrepreneurship next year” Original Link: South Korea’s Minister of Small and Medium Business Han Sung-sook emphasized that startups are the core of future industries and stated that the government will continue to actively support entrepreneurship next year.

Minister Han Sung-sook reaffirmed the government’s cooperation with the startup ecosystem and expressed that the government will also actively participate in supporting innovation and entrepreneurship next year. Viewing startups as the central axis of new industry growth, she indicated a willingness for continued support.

On December 16, 2025, Minister Han delivered a speech at the “Korea Startup Forum Year-End Gathering” held at Seoul TIPS TOWN S6 in Gangnam District, Seoul, emphasizing that startups are the driving force of the Republic of Korea’s economic development. She further stated that the government will support startup innovation and foster a privately-led entrepreneurial ecosystem.

This year-end gathering brought together key figures from the domestic startup industry and government departments, reviewing the startup industry of this year and sharing visions and strategies for the coming year. The Korea Startup Forum is a representative startup alliance with over 1,000 member companies. Notably, during this event, discussions included easing regulations, supporting technological entrepreneurship, and revitalizing private investment.

In recent years, the government has strengthened startup support policies, focusing on funding support, technical guarantees, and expanding sales channels for early-stage companies. Particularly, reforms to invigorate venture capital activities and the establishment of dedicated funds to nurture global startups are underway. Against this backdrop, Minister Han’s remarks can be seen as an expression of positive intent along this trajectory.

The government’s supportive stance toward startups is expected to positively influence the expansion of private investment and the creation of new industries in the future. However, the startup community also points out the need for concrete measures such as regulatory improvements and schemes to promote collaboration among private enterprises. Market analysts believe that building a sustainable entrepreneurial ecosystem through government-private sector cooperation will be a key factor in determining Korea’s future economic competitiveness.