Venture Business Association Selects 'Top 10 Venture Ecosystem News of 2020'

[Asia Economy Reporter Kim Cheol-hyun] The Korea Venture Business Association (Chairman An Geon-jun) announced the 'Top 10 News in the Venture Ecosystem of 2020' on the 3rd, selecting the major issues in the venture ecosystem throughout the year.

Through the opinions of venture industry experts and entrepreneurs, the top 10 news items that became significant issues within the venture ecosystem were selected from government venture-related policies and industry news announced this year.

The top 10 news in the venture ecosystem include ▲The rapid rise of venture companies possessing advanced technologies in the non-face-to-face sector ▲Increase in venture company jobs despite the COVID-19 crisis ▲Reorganization of the 'Venture Business Verification System' led by the private sector ▲Full-scale promotion of introducing multiple voting rights for unlisted venture companies ▲Enforcement of the Venture Investment Promotion Act and discussion of CVC allowance bills ▲Persistent regulations blocking new industries ▲Passage of the Data 3 Act and urgent need for professional workforce training ▲Growing consensus on the necessity of nurturing scale-up ventures ▲Industry concerns over economic legislation tightening corporate activities ▲Small and venture businesses struggling with the unclear expansion of flexible working hours.

Kim Jin-hyung, the full-time vice chairman of the Korea Venture Business Association, said, "This year has been a difficult year for everyone due to COVID-19," adding, "We hope that COVID-19 will end in the new year, and we expect innovative venture companies to contribute to South Korea's leap as a leading country in the post-COVID era."

This content was produced with the assistance of AI translation services.