funding-support
Government to Select 8,000 Aspiring Founders: Receive 2 Million Won to Start, Up to 1 Billion Won Upon Passing Auditions
On August 13, the government jointly announced the '2nd Everyone's Startup Project Promotion Plan' at the Emergency Economic Headquarters meeting. The initiative provides 10,000 aspiring entrepreneurs with 2 million won each in activity funds, followed by tiered support of up to 20 million won for 2,200 regional audition participants and up to 1 billion won for 400 national contest finalists. Applications open on August 20, targeting at least 80% pre-founders and 70% non-metropolitan participants, while re-founding eligibility has been expanded from 3 to within 7 years. Specialized leagues, such as the Social Venture League (10 companies, up to 150 million won) and the Global League (80 individuals, up to 30 million won), have been newly established. Financial safety nets for small business owners were also reinforced, highlighted by the announcement of a new special guarantee plan for credit-vulnerable small businesses by the Korea Credit Guarantee Foundation on August 11.
On August 13, the government jointly announced the '2nd Everyone's Startup Project Promotion Plan' at the Emergency Economic Headquarters meeting. The initiative provides 10,000 aspiring entrepreneurs with 2 million won each in activity funds, followed by tiered support of up to 20 million won for 2,200 regional audition participants and up to 1 billion won for 400 national contest finalists. Applications open on August 20, targeting at least 80% pre-founders and 70% non-metropolitan participants, while re-founding eligibility has been expanded from 3 to within 7 years. Specialized leagues, such as the Social Venture League (10 companies, up to 150 million won) and the Global League (80 individuals, up to 30 million won), have been newly established. Financial safety nets for small business owners were also reinforced, highlighted by the announcement of a new special guarantee plan for credit-vulnerable small businesses by the Korea Credit Guarantee Foundation on August 11.
Government to Select 10,000 for '2nd Everyone's Startup': Tiered Support Ranging from 2 Million Won in Activity Funds up to 1 Billion Won Jointly Announced by Ministries at August 13 Emergency Economic Headquarters Meeting; Applications Open on August 20, with Over 70% Non-Metropolitan and 80% Pre-Founder Selection; Funding and Commercialization Policies for the Second Week of August Summarized, Including New Special Guarantees for Credit-Vulnerable Small Businesses The government is launching the '2nd Everyone's Startup Project,' which will select 10,000 startup challengers and provide each with 2 million won in startup activity funds and initial mentoring. The Ministry of SMEs and Startups (MSS) jointly announced the promotion plan during the Emergency Economic Headquarters and Economic Ministers' meeting held on August 13, 2026, presided over by Deputy Prime Minister and Minister of F…
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