Yoon Suk-yeol: "We Will Support Negative Regulation and One-Stop Regulatory Reform"

Korea Startup Forum Hosts 'Startup Policy Talk' with Yoon Seok-yeol, People Power Party Presidential Candidate

The Korea Startup Forum is hosting a 'Startup Policy Talk' with Yoon Seok-yeol, the presidential candidate of the People Power Party.

[Asia Economy Reporter Kim Cheol-hyun] Korea Startup Forum (Chairpersons Kim Seul-ah, Ahn Sung-woo, Lee Seung-gun, hereafter Kospo) announced on the 2nd that it held a 'Startup Policy Talk' by inviting Yoon Seok-yeol, the presidential candidate of the People Power Party.

The event, attended by startup founders including Kospo Chairperson and Viva Republica CEO Lee Seung-gun, Dazayo, Diply, ICONLOOP, Whatsup, Wizdom, and Chekit, was organized ahead of the 20th presidential election. Kospo, representing the startup industry, aimed to propose 'the direction of startup policies that will lead the future of South Korea's economy' to the presidential candidates and convey the vivid voices of the industry.

In the first session, Kospo CEO Choi Sung-jin presented policy suggestions under the theme 'Startup Korea for Leading the Digital Economy Nation.' He explained the role of startups and the importance of the innovation ecosystem amid the rapidly changing global economy centered on digital transformation. He argued that a national strategy should be implemented to enable startups to contribute to South Korea's economic growth and job creation. He also emphasized the need for bold regulatory innovation, free labor standards and a robust social safety net, nurturing digital innovation talent, revitalizing regional startups, and strengthening the virtuous cycle of the ecosystem.

The subsequent 'Startup Policy Talk' included participation from Yoon Seok-yeol, the People Power Party presidential candidate, and startup founders. Entrepreneurs from various fields conveyed common industry requests and expectations such as the necessity of IT talent development, proposals to shift to negative regulation in new industries, innovation and active reflection of economic and social systems, strengthening penalties against large corporations for technology theft and idea plagiarism from startups, and the flexible introduction of regulatory sandbox systems.

Meanwhile, on the day, candidate Yoon registered a digital file containing a message and signature supporting the startup industry as an NFT, a token that proves the uniqueness of digital assets using blockchain technology. Candidate Yoon stated, "I will actively support the revitalization of new industries, including supporting negative regulation and one-stop regulatory reform."

Kospo, the largest startup organization in South Korea, has played a role in representing the voices of startups by proposing policies and industry issues necessary to create an innovative startup ecosystem to political parties and candidates and holding events inviting presidential candidates. Starting with a meeting with Lee Jae-myung, the Democratic Party presidential candidate, last November, this event with candidate Yoon Seok-yeol was held.

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