The ‘Corporate Risk (Risk) Response Task Force’ was launched on June 29 in order for the Ministry of SMEs and Startups and related organizations to diagnose the internal and external situation surrounding SMEs and small business owners and to quickly find future countermeasures.
Through the five meetings so far, risks (risks) and countermeasures in various fields such as finance, small businesses, and exports have been reviewed.
The 6th meeting mainly discussed the impact of interest rate hikes and negative economic prospects on the startup and venture ecosystem and countermeasures.
The meeting was attended by experts such as start-up planners (accelerators), heads of university start-up support groups, and related organizations such as Korea Venture Investment, Startup Promotion Agency, and Venture Business Association.
In the first half of this year, venture investment and fund formation exceeded KRW 4 trillion for the first time in the venture investment market.
The participants reviewed the major risks (risks) for venture investment and the start-up environment according to recent internal and external economic conditions, discussed difficulties in the field, and in-depth discussions on ways to revitalize the start-up and venture ecosystem.
Officials in the startup and venture industry said that the government’s role, such as parental funds (funds), is important in alleviating concerns about shrinking private investment, and in particular, it is necessary to strengthen support for early-stage startups.
They also requested the application of minimum regulations (negative regulations) to revitalize start-ups in new industries and new technologies.
“It is time for the government and the private sector to gather wisdom together so that start-up venture businesses can grow even more despite the difficult domestic and foreign economic situation,” said Vice Minister Jo Joo-hyun.
In the future, the Ministry of SMEs and Startups plans to check risks (risks) in other fields such as manufacturing SMEs and local companies and discuss countermeasures through the corporate risk (risk) response task force.
□ Meeting outline
(Date) `22. 8. 3 (Wed) 15:00 ~ 16:20
(Venue) Seoul Gijeongwon Conference Room (3rd floor, Ginkgo-ro, Yeongdeungpo-gu, Seoul)
(Participant) 13 people
– (Ministry of SMEs and Startups) Vice Minister, Venture Innovation Policy Division, Startup Policy Division
– (Public Institutions) Korea Venture Investment, Technology Guarantee Fund, Startup Promotion Agency
– (Association) Venture Business Association, Korea Venture Capital Association, Korea Accelerator Association, Korea Angel Investment Association, Korea Startup Forum
– (Expert) Blue Point Partners Lee Yong-gwan, Konkuk University Professor Park Jae-min
□ Meeting agenda ※ Open to the public until expert presentations
① Presentation by experts in the field of startups and ventures (10 minutes each)
② Venture investment, start-up and venture business risk (risk) trends and prospects (each related institution)