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Moon Administration’s ICT Startup Policy.

Authors :
Jin Shin
Source :
Journal of the Korea Institute of Information & Communication Engineering; Nov2018, Vol. 22 Issue 11, p1495-1504, 10p
Publication Year :
2018

Abstract

The Moon administration has proposed three major directions for startup growth: the creation of a new environment, active investment, and the creation of a virtuous cycle in venture investment. The policy is progressive but not sufficient to create a startup innovation boom in the current Korean economic environment. ICT Startup support policies must pay more attention to the product release stage. For growth of startups and small businesses it is important to establish a close value chain to secure competitiveness in the global market. It is necessary to secure a bridgehead to advance into the global market, including technical cooperation with large companies and joint advancement overseas. The final goal of the startup policy should be the continuous growth of the national economy and the expansion of employment. The establishment of fair trade and the strengthening of the startup ecosystem are important to foster a startup-friendly environment. Funding programs requires a shift from general support to enhanced choice and focus. [ABSTRACT FROM AUTHOR]

Details

Language :
English
ISSN :
22344772
Volume :
22
Issue :
11
Database :
Complementary Index
Journal :
Journal of the Korea Institute of Information & Communication Engineering
Publication Type :
Academic Journal
Accession number :
133526686
Full Text :
https://doi.org/10.6109/jkiice.2018.22.11.1495