Startup Industry: "Yoon's Pledge on Regulatory Innovation and Talent Development... We Believe He Will Fulfill His Promise"

"Our Economy's Future Depends on the Competitiveness of the Startup Ecosystem"
"Shift to Private-Led, Government-Supportive, and Post-Regulation Approach"

President-elect Yoon Suk-yeol is holding a victory greeting press conference on the morning of the 10th at the National Assembly Library in Yeouido, Seoul. Photo by the National Assembly Press Photographers Group

[Asia Economy Reporter Kim Bo-kyung] The startup industry has requested President-elect Yoon Seok-yeol to implement bold regulatory reforms suitable for a leading digital economy nation and to nurture innovative talent fit for the digital era.

The Korea Startup Forum, a startup organization, congratulated Yoon on his election on the 10th, stating, "The new government is launching at a critical turning point where the mainstream order of the global economy is shifting to a digital economy."

KOSPO emphasized, "Startups are leading the global economy, and the future of our economy also depends on leaping forward as a leading digital economy nation, which hinges on the competitiveness of the startup innovation ecosystem."

They continued, "The new government should promote bold regulatory reforms, such as shifting from the current pre-regulation system to a post-regulation system based on the policy principle of 'private sector-led, government-assisted.'"

They also advised, "Innovative talent suitable for the digital era must be nurtured, and support should be provided generously so that they can jump into startups."

Furthermore, "President-elect Yoon has reflected the industry's wishes in his pledges, including advancing to a leading digital economy nation, bold regulatory reforms, and nurturing one million innovative talents," adding, "We believe he will fulfill his promise to support startups and the innovation ecosystem."

Finally, they stated, "We hope to create a country favorable for startups and leap forward as a global leading digital economy nation," and "The Korea Startup Forum will also do its best efforts to achieve this."

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