According to the Ministry of SMEs and Startups on Thursday, three start-ups came into the unicorn category as of July 19 and one dropped out. Unicorns are startups that have such promise that they are valued at $1 billion or more.
Representatives from the Korea Federation of SMEs call on the government to freeze the minimum wage for 2022 in Seoul on Thursday, holding up signs that say that raising the minimum wage will lead to a decline in hiring.
President Moon Jae-in said Friday that Korea was able to successfully respond to Japan's unilateral export restrictions imposed two years ago by becoming more self-sufficient in producing key industrial materials, parts and equipment.
Ministry of SMEs and Startups is promoting a big sale event in an effort to boost consumption and help small- and mid-sized businesses that were hit hard by the coronavirus pandemic.
Major business lobbying groups called on the government on Monday to delay the introduction of the 52-hour workweek for small and medium-sized companies for one year, arguing that the companies aren’t ready to comply with the rule.
The Ministry of SMEs and Startups and the Ministry of Environment on Wednesday announced that 31 green start-up companies will receive up to 3 billion won ($2.7 billion) each by 2023.
Loan relief offered to small businesses hurt by the coronavirus pandemic will be extended for another six months, the country's financial authorities said Tuesday.
Suspension of loan principal and interest payments for small business and corner shops is being considered by the Financial Services Commission (FSC).
Major tech firms have started to competitively loan money to small business owners who used to be in a conventional finance blind spot.
Poonglim Pharmatech has completed construction of production facilities to manufacture more than 10 million syringes a month that can improve the efficiency of Covid-19 vaccinations by 20 percent, the Ministry of SMEs and Startups said Tuesday.