Song Byung-joon, head of the Korea Venture Business Association. /Courtesy of the Korea Venture Business Association

Venture Business Association Chair Song Byung-jun on the 30th said, "2026 is the starting point of a new 30 years," and emphasized, "Let's make Korea one of the four leading venture powerhouses and usher in the third venture boom."

Song said in a New Year's message that day, "We now stand in the middle of an 'era of great transformation,'" and noted, "The rapid advances of AI and deep tech are breaking down industry boundaries and creating new opportunities." He added, "At the same time, we face a complex crisis that includes expanding global uncertainty such as a strong dollar and high interest rates, geopolitical conflicts, low growth and sluggish domestic demand."

Song said, "By reviewing the entire growth process of venture corporations, we will step by step advance a tailored support system that meets on-the-ground needs, including strengthening digital capabilities through the AI transformation (AX), supporting entry into global markets, and connecting key talent."

Song also emphasized, "Beyond quantitative growth, Korea's venture corporations can compete confidently in the global market when qualitative growth, backed by technological competitiveness and the capacity to expand globally, is in place." To that end, Song cited expansion of venture finance, building a regulatory environment aligned with global standards, securing labor flexibility to support innovative growth, and revitalizing the exit market as core tasks.

Song said, "We will solidify a structure in which founding, investment, exit and reinvestment circulate virtuously, and the association will continue to faithfully play the role of gathering on-the-ground voices and linking them to services and policies so that vitality returns across the venture ecosystem."

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