Venture Industry Proposes Venture Ecosystem Revitalization Policies to People Power Party

Strengthening Liquidity, Flexible Working Hours, and Regulatory Reform Proposed
"We Will Respond with Tangible Institutional Improvements"

The Korea Venture Business Association, together with eight other associations and organizations, held a meeting on the 1st at the Korea Venture Business Association, inviting Kwon Seong-dong, the floor leader of the People Power Party.

At the meeting, six members of the People Power Party attended, including Floor Leader Kwon, Policy Committee Chairman Kim Sang-hoon, Chairman Lee Cheol-gyu of the National Assembly's Industry, Trade, Energy, Small and Medium Venture Business Committee (Sanjoongwi), Sanjoongwi Secretary Park Sung-min, Senior Deputy Floor Leader Park Hyung-soo, and Chief Secretary Choi Eun-seok of the floor leader's office.

The Korea Venture Business Association, together with eight other associations and organizations, held a meeting on the 1st at the Korea Venture Business Association, inviting Kwon Seong-dong, the floor leader of the People Power Party. Photo by Korea Venture Business Association

From the innovative venture industry, eight heads of organizations attended: Song Byung-jun, Chairman of the Korea Venture Business Association; Jeon Hwa-seong, Chairman of the Early Investment Accelerator Association; Kim Hak-gyun, Chairman of the Korea Venture Capital Association; Sung Mi-sook, Chairwoman of the Korea Women Venture Association; Cho Min-sik, Chairman of the Korea Angel Investment Association; Jung Rak-hyun, Vice Chairman of the Korea Artificial Intelligence Association; and Lee Geun-joo, Chairman of the Korea Fintech Industry Association.

The heads of the organizations attending the meeting shared recent trends in the venture and startup industry and presented on-site difficulties and improvement measures. In particular, as urgent tasks for the industry, they proposed various policies to revitalize the venture ecosystem, including ▲ strengthening financial liquidity for innovative industries ▲ flexible working hours ▲ reforming industrial regulations.

Furthermore, to overcome the ongoing difficult economic situation, they requested continuous interest and policy support for the issues faced by the innovative venture industry, emphasizing that venture policies must become the top priority of national economic policy for youth and the future.

Floor Leader Kwon said, "It is difficult to secure talent, and due to the uniform 52-hour workweek regulation, even those who are available cannot work properly," adding, "In an era where small differences lead to irreversible gaps, the People Power Party will respond with achievements in institutional improvements."