"Creating 100 Unicorn Companies and 1 Million Jobs"

Innovation Venture Association Council - Democratic Party Candidate Lee Jae-myung Direct Committee Holds Forum

[Asia Economy Reporter Kim Cheol-hyun] The Council of Innovative Venture Organizations (hereinafter, the Council) announced that on the 9th, together with the Digital Innovation Grand Transformation Committee and the Transformative Fair Growth Strategy Committee, which are direct committees under the presidential candidate Lee Jae-myung of the Democratic Party of Korea, they held a "Discussion on Digital Grand Transformation and Fostering Innovative Ventures" at the Kensington Hotel located in Yeouido-dong, Seoul.

This discussion was held ahead of the 20th presidential election to share awareness of the importance of innovative venture companies in the process of promoting Korea's digital grand transformation and to explore various measures for the growth of innovative venture companies.

At the event, Park Young-sun, Chairperson, and Ha Jun-kyung, Chairperson of the direct committees under candidate Lee Jae-myung's campaign headquarters, explained key digital grand transformation pledges such as "135 trillion KRW investment and creation of 2 million jobs over the next five years" and "training 1 million digital talents through a human capital development strategy." They also presented an economic leap vision of "100 unicorns and 1 million related jobs." Plans to expand venture investment scale by 10 trillion KRW and five major strategies were also introduced.

The five major strategies include strengthening entrepreneurship education throughout universities and primary and secondary schools to foster a startup culture, and supporting the establishment of a tentative "Korean-style Singularity University." Additionally, to revitalize regional startup ecosystems and promote balanced development, strengthening the role of regional universities as hubs for practical technology development and fostering accelerators to enhance startup support systems were mentioned.

On the day, Ko Young-ha, President of the Korea Angel Investment Association, and Oh Gap-su, President of the Korea Blockchain Association, delivered the "Innovative Venture Policy Proposal Collection" for building an innovation powerhouse full of entrepreneurship to Chairpersons Park Young-sun and Ha Jun-kyung. Kang Sam-kwon, President of the Venture Business Association, said, "We hope that the policies in the innovative venture sector will serve as a catalyst for Korea to rise as a leading country in the Fourth Industrial Revolution era, beyond industrialization and democratization, with the inauguration of the new government."

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