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Lee government shifts 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 small and medium enterprise support programmes, directing more funding toward technology and startup ventures while cutting back on traditional loans and employment subsidies. The policy shift signals an effort to prioritise innovation-driven growth over broad-based business aid, sparking debate over whether conventional small businesses will be left behind.

Why now: A newly announced change to how Korean SME support is allocated affects many business owners and policy watchers.

Lee Jae-myungSouth KoreaChosunbiz

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• Lee government shifts SME aid to tech and startups, trims loans and jobs in Korea - CHOSUNBIZ · Chosunbiz

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