Venture Business Association "Unrelated to the Formation of the Regulatory Reform Party"

[Asia Economy Reporter Kim Cheol-hyun] The Korea Venture Business Association has stated that it is not related to the recently reported formation of the 'Regulatory Reform Party.' The Korea Venture Business Association issued a statement on the 30th, explaining, "Although the media has reported that some technology venture entrepreneurs are preparing to establish a provisional Regulatory Reform Party, the reports claiming that the Korea Venture Business Association and the Innovation Venture Organizations Council are promoting the party's formation are not true."

The Korea Venture Business Association said, "Since its establishment in 1995, it has quietly played a role in developing South Korea's venture ecosystem and has continuously maintained political neutrality. It has conveyed policy proposals for the development of the venture ecosystem to all political parties and government ministries and has made ongoing efforts to have these policies reflected. We will continue to maintain political neutrality and strive unwaveringly for the creation of a virtuous cycle in the venture ecosystem and the advancement of the venture industry."

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