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- Title
Moon Administration’s ICT Startup Policy.
- Authors
Jin Shin
- 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.
- Subjects
INFORMATION &; communication technologies; NEW business enterprises; MOON, Jae-In, 1953-; GOVERNMENT policy on information technology; TECHNOLOGICAL innovation policy
- Publication
Journal of the Korea Institute of Information & Communication Engineering, 2018, Vol 22, Issue 11, p1495
- ISSN
2234-4772
- Publication type
Article
- DOI
10.6109/jkiice.2018.22.11.1495