Top 10 News in the Venture Industry... The First is 'R&D Budget Cuts'

Venture Business Association Selects 'Top 10 News in the Venture Industry for 2024'

The Korea Venture Business Association selected the major issues in the venture industry this year and announced the ‘Top 10 News in the Venture Industry for 2024’ on the 20th.

The top 10 news items were finalized through surveys targeting venture industry experts, venture companies, and employees of member companies, as well as AI data analysis.

The top 10 news include ▲Risk of halting technological innovation due to R&D budget cuts ▲Unabated AI enthusiasm... expansion of investment and talent acquisition wars ▲Polarization of venture investment... worsening investment drought for early-stage ventures and startups ▲Attack of Chinese direct purchase apps... ‘emergency’ in the domestic e-commerce market ▲E-commerce regulations triggered by the ‘Timef incident’ ▲Stricter IPO screening and stagnation of the KOSDAQ market following the Pado incident ▲Ongoing conflicts between new industries and professional associations... concerns over encroachment by global companies ▲The dawn of the 10,000 won minimum wage era... increased labor cost burden on companies ▲Discussion on the inflow of retirement pensions into venture funds... expectations for private capital inflow ▲Expectations for ‘CVC activation’ to promote win-win cooperation between large corporations and venture companies.

Additionally, ▲Support for venture management through multiple voting rights and performance-based stock systems ▲Pressure on Naver to sell its stake in Japan’s national messenger ‘LINE’ also attracted industry attention.

Sung Sang-yeop, chairman of the Korea Venture Business Association, said, “This year, the venture ecosystem continued to face a shortage of liquidity in venture finance, and the huge social and institutional barriers blocking innovation remain unresolved. Given the current unstable domestic political and economic situation, weakening competitiveness of key industries, and declining overall social dynamism, venture entrepreneurs will demonstrate their entrepreneurial spirit and work together to overcome these crises in the new year.”