Policies for Revitalizing Venture Startups in the Post-COVID-19 Era: Focusing on the Promotion of Angel Investment

Hyun Bong Yang ()
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Hyun Bong Yang: Korea Institute for Industrial Economics and Trade, Postal: Sejong National Research Complex, Korea Institute for Industrial Economics and Trade, 370 Sicheong Dae-ro C-dong 8-12F 30147, Republic of Korea, http://www.kiet.re.kr

No 21-8, Industrial Economic Review from Korea Institute for Industrial Economics and Trade

Abstract: The Korean economy faces serious difficulties in the global economic recession due to the COVID-19 pandemic (a global pandemic). The government is actively responding to COVID-19, including supporting emergency disaster subsidies for all citizens and promoting a Korean-style New Deal. In order to minimize the impact of corporate restructuring due to the prolonged COVID-19 pandemic going forward and see the Korean economy take a leap forward, it is most important to create quality jobs by activating venture startups in new technologies and new industries. To this end, measures to resolve the funding shortage faced by venture startups (identified as such firms’ biggest hurdle) should be prepared. This paper proposes a serious of measures to promote technology-knowledge-intensive start-ups through private venture capital (VC), it is necessary to prepare a plan to revitalize angel investment, which plays an important role in the stage prior to VC investment.

Keywords: angel investment; venture business; start-ups; venture capital; startup funding; Korea; COVID-19 (search for similar items in EconPapers)
JEL-codes: H25 L25 M13 (search for similar items in EconPapers)
Pages: 21 pages
Date: 2021-06-01
New Economics Papers: this item is included in nep-cfn and nep-sbm
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Persistent link: https://EconPapers.repec.org/RePEc:ris:kieter:2021_008

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