Policies for Small and Venture Businesses Proposed by the Youth Generation

Ministry of SMEs and Startups Youth Interns Targeted
‘Youth Policy Idea Competition’ Held

The Ministry of SMEs and Startups announced on the 16th that it will hold a 'Youth Policy Idea Competition' involving youth interns from the ministry to incorporate the voices of young people into SME and small business policies.

Since April, the ministry has been conducting orientations and policy field visits to help youth interns understand and experience various SME and startup policies. Additionally, each affiliated institution has been promoting activities such as field visits and one-on-one mentoring with staff members.

Photo by Getty Images Bank

This competition was organized to provide the younger generation with opportunities to participate in the policy process. About 50 youth interns will form a total of 12 teams and present innovative ideas in two areas: policy proposals and policy promotion. These ideas will be further developed through mentoring by the 2030 Advisory Group, composed of young entrepreneurs and others.

Submitted ideas will be evaluated based on policy relevance, feasibility, and creativity. Six outstanding teams will be awarded the Minister of SMEs and Startups Award, and their ideas will be utilized for policy improvement and promotion by the ministry.

Jo Kyung-won, the ministry’s Youth Policy Officer and Startup Policy Director, said, “We expect young people to present various policy ideas necessary for SMEs and startups from their perspective,” adding, “We will continue to strive to provide youth interns with work experience and opportunities to participate in the policy process.”

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