Government "Efforts to Achieve Next Year's '5 Trillion Won Venture Fund Investment' Goal... Providing Incentives for Private Investment"

[Sejong=Asia Economy Reporter Son Seon-hee] The government announced that it will accelerate the achievement of its goal of investing 5 trillion won in venture funds next year and create a virtuous cycle structure by reinvesting the entire 300 billion won scheduled to be recovered this year.

On the afternoon of the 21st, Ando-geol, Vice Minister of Strategy and Finance, held a 'Mother Fund Meeting' at Korea Venture Investment in Seocho-gu, Seoul, with major companies and experts in the venture investment field, stating, "The government will not be complacent with past achievements and will continue to support so that the startup and venture ecosystem can take a step forward."

Vice Minister Ahn said, "We will expand new investments in key investment areas such as securing future growth engines and supplementing investment blind spots," adding, "We will solidify the virtuous cycle structure of the venture investment market by reinvesting the entire approximately 300 billion won scheduled to be recovered this year next year." He also said, "We will review incentive measures such as tax support so that surplus funds in the private sector can sufficiently flow into productive areas such as corporate growth and job creation."

To secure future growth engines, the government decided to diversify the Mother Fund portfolio to focus investments on prospective unicorn companies (with a corporate value of over 100 billion won) through the 'Scale-up Fund' for corporate growth, in addition to the existing 'Smart Korea Fund.' Along with this, a new youth startup fund will be newly invested next year, and efforts will be made to supplement investment blind spots such as women-owned and disabled-owned businesses, social cooperatives, and village enterprises.

Vice Minister Ahn said, "The Mother Fund will successfully perform the role of the 'flag bearer' in this great transition leading the shift to a leading economy and serve as the 'lifeblood of the venture industry.'"

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