SEOUL : The South Korean government unveiled on Thursday a series of policy measures to boost financial support and loosen regulations for struggling venture and start-up companies. The measures were prepared to vitalise venture business investments, which had been shrinking amid high inflation and rising
SEOUL : The South Korean government unveiled on Thursday a series of policy measures to boost financial support and loosen regulations for struggling venture and start-up companies.
The measures were prepared to vitalise venture business investments, which had been shrinking amid high inflation and rising interest rates and were not expected to recover in the near future, the Financial Services Commission and Ministry of SMEs and Startups said in a joint statement. The government plans to provide an additional 10.5 trillion won worth of financial support through policy funds, loans and research and development assistance, on top of the 80 trillion won package announced earlier the year.
Several financial regulations will also be eased to promote investment in the private sector, such as those on corporate venture capital and venture fund investments for banks, the government said in the statement.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
South Korea’s Jeju Island looking to impose tourism feesThe island has been facing an overload of garbage and sewage with the influx of tourism. Read more at straitstimes.com.
Read more »
South Korea's Jeju Island mulls entry fee for tourists amid environment, sustainability concerns: ReportEach visitor could potentially be charged an average of US$6 a day.
Read more »
South Korea's President Yoon opens door for possible military aid to UkraineIt was the first time that Seoul suggested a willingness to provide weapons to Ukraine. Read more at straitstimes.com.
Read more »
South Korea's Yoon opens door for possible military aid to UkraineSEOUL: South Korea might extend its support for Ukraine beyond humanitarian and economic aid if it comes under a large-scale civilian attack, President Yoon Suk Yeol said, signalling a shift in his stance against arming Ukraine for the first time. In an interview with Reuters ahead of his state visit to th
Read more »
Aides to leader of South Korea Christian cult JMS arrested as key accomplices to sex crimesOne of those nabbed is reportedly known as Jeong’s successor in the religious group. Read more at straitstimes.com.
Read more »
Russia warns South Korea against arming UkraineMOSCOW: Russia on Wednesday (Apr 19) warned South Korea against sending weapons to Ukraine after Seoul opened the door to possible military aid to Kyiv in the event of a large-scale ci
Read more »