Korea-ASEAN Startup Partnership Vision Roadmap Completed... "Hope for Continued Cooperation"

[Image source=Yonhap News]

[Asia Economy Reporter Kim Bo-kyung] South Korea and the 10 ASEAN countries discussed cooperation measures for a startup partnership.

The Ministry of SMEs and Startups held the '5th Korea-ASEAN Startup Policy Dialogue' via video conference on the 16th with the ASEAN Coordinating Committee on Micro, Small and Medium Enterprises (ACCMSME). ACCMSME is a consultative body composed of high-ranking officials from ministries of the 10 ASEAN countries to discuss policies on SMEs and startups.

During the policy dialogue, they discussed cooperation on the Korea-ASEAN startup partnership. South Korea and the 10 ASEAN countries established a startup partnership at the 2019 Korea-ASEAN Special Summit and have been conducting cooperative projects annually.

Through the biannual policy dialogues, they discuss the implementation status of partnership-based cooperative projects and the discovery of new projects.

Both sides finalized the roadmap containing the Korea-ASEAN startup cooperation vision and agreed to approve and begin implementation within the first half of the year.

The Korea-ASEAN startup roadmap consists of three main strategies?△Education and Exchange △Policy and Regulatory Improvement △Investment and Co-growth?and 17 execution plans. Among these, six short-term execution plans will be intensively implemented during the 2024 partnership period through nine key promotion plans.

Byun Tae-seop, Director of SME Policy at the Ministry of SMEs and Startups, who attended the policy dialogue, stated, "The roadmap completed through the joint efforts of the 11 Korea-ASEAN countries has established the vision for Korea-ASEAN startup cooperation," adding, "We hope that cooperation between Korea and ASEAN will continue to foster innovative startups with competitiveness."

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