The Korea Venture Business Association announced the 'Top 10 News in the Venture Industry for 2024' on the 20th, selecting key issues in the venture industry for this year.
This top 10 news was finalized through a survey targeting venture industry experts, venture corporations and employees of member companies, as well as AI data analysis.
The top 10 news includes ▲Risk of disruption in technological innovation due to cuts in R&D budget ▲Unabated AI enthusiasm…Investment expansion and talent acquisition wars ▲Polarization in venture investment…Deepening difficulties in early-stage venture and startup investment ▲Attacks by Chinese direct purchase apps…Emergency in the domestic e-commerce market ▲E-commerce regulations triggered by the 'Timef' incident ▲Tighter IPO reviews and stagnation in the KOSDAQ market following the Padu incident ▲Ongoing conflicts between new industries and professional organizations…Concerns about encroachment by global corporations ▲Beginning of the era of minimum wage of 10,000 won…Increased labor cost burden on corporations ▲Discussions on the influx of venture funds into retirement pensions…Expectations for private capital influx ▲Expectations for the activation of CVC for coexistence between large corporations and venture corporations.
In addition, ▲The dual voting rights and performance-based stock system assist venture management ▲Pressure to sell Naver's equity from Japan's national messenger 'Line' received attention in the industry.
Sung Sang-yeop, chairman of the Korea Venture Business Association, noted, 'This year, the venture ecosystem continued to face a lack of liquidity in venture finance, and the enormous social and institutional barriers obstructing innovation remain unresolved.' He added, 'To overcome the current crisis of unstable domestic political and economic situations, weakened competitiveness in core industries, and a general decline in societal dynamism, our venture community will demonstrate entrepreneurial spirit and work together in the new year.'