이 누리집은 대한민국 공식 전자정부 누리집입니다.

한상넷

비즈니스 정보

Biz News Korea(Eng)

Seoul to aid startups with $9 bn fund, tax breaks on stock options

Collected: 2017.11.03

Distributed: 2017.11.06

Source: Go Direct

The South Korean government has decided to raise a 10 trillion won ($8.98 billion) venture fund over the next three years to incubate and groom startups as part of its economic drive to promote innovation for sustainable growth.

Kim Dong-yeon, deputy prime minister and finance minister, met with economy ministers on Thursday and announced a plan to support the country’s budding startup ecosystem.

President Moon Jae-in announced that promotion of innovation would be another key direction in his economic policy to stimulate growth, together with increases in income and jobs.

The government also proposed tax benefits for angel investors as well as tax breaks for stock options under a 20 million won limit, which could help startups with recruitment, according to Korean entrepreneurs.

“It’s not easy for startups to attract and retain talented workers,” said Ahn Keon-joon, president of Korea Venture Business Association. “Tax deduction on stock options could be a big incentive.”

By Seo Chan-dong and Kim Hyo-jin

List

Previous: Samsung Electronics to relaunch Korean research center with bigger role

Next: Samsung Elec completes executive lineup with 50s at the forefront