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Lee government shifts Korea SME aid toward tech and startups
Original: Lee government shifts SME aid to tech and startups, trims loans and jobs in Korea - CHOSUNBIZ
South Korea's government under President Lee is restructuring its support for small and medium-sized enterprises, directing more funding toward technology development and startups while cutting back on loan programmes and job-related subsidies. The reorientation signals a policy preference for innovation-driven growth over traditional employment and financing support, and is drawing attention as businesses assess how the changes will affect their access to public assistance.
Why now: A newly announced government policy change affects how Korean small businesses receive subsidies and funding.
Lee Jae-myungSouth KoreaChosunbiz
Evidence
- Lee government shifts SME aid to tech and startups, trims loans and jobs in Korea - CHOSUNBIZ · Chosunbiz
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