Lee pledges to increase budget for startups to 10 tln won
SEOUL, Dec. 8 (Yonhap) -- Lee Jae-myung, the presidential nominee of the ruling Democratic Party, said Wednesday he will increase the government's investment in startups to 10 trillion won (US$8.50 billion) by 2027 and help create 300,000 annual jobs in new technologies and industries.
If elected, Lee said he will also improve the financial, tax and regulatory system for small businesses and offer them tailored assistance to support their growth to mid-sized and large firms.
"Fair growth in which businesses large and small, and capital and labor, coexist and work together is the answer to emerging from the mire of low growth," Lee said during a press conference at an industrial complex in southwestern Seoul.
"Like Germany, we too should carry out reforms to build an economic structure where small and medium-sized businesses are strong," he said.
The candidate laid out a total of seven top campaign promises for small businesses and startups.
They include achieving a balance of power between large and small businesses, creating a culture in which businesspeople are respected, and supporting small businesses' transition to digital systems.
Lee Jae-myung (2nd from R), the presidential nominee of the Democratic Party, takes a look at products made by small and medium-sized businesses at an industrial complex in southwestern Seoul on Dec. 8, 2021. (Pool photo) (Yonhap)
hague@yna.co.kr
(END)
-
Overdue debut of Korean abstract art pioneer Yoo Young-kuk at Venice Biennale -
Defense chief says N. Korea's hypersonic missile 'unsuccessful' in last-stage glide flight -
Relax, immerse yourself in scents at Venice Biennale's Korean Pavilion -
N. Korea has capability to genetically engineer biological military products: U.S. report -
S. Korea marks 30th anniv. of Korean Pavilion at Venice Biennale with contemporary art
-
Overdue debut of Korean abstract art pioneer Yoo Young-kuk at Venice Biennale -
Relax, immerse yourself in scents at Venice Biennale's Korean Pavilion -
Artist Lee Bae captures ethereal Korean aesthetics at Venice Biennale -
S. Korea marks 30th anniv. of Korean Pavilion at Venice Biennale with contemporary art -
Defense chief says N. Korea's hypersonic missile 'unsuccessful' in last-stage glide flight
-
Gov't likely to accept university chiefs' request to lower med school enrollment quota -
Facebook page unveils photos of BTS member V in counter-terrorism unit gear -
S. Korea not invited to G7 summit meeting this year: sources -
Yoon's approval rating sinks to lowest point since taking office -
S. Korea to fully shift to 'endemic' from COVID-19 pandemic starting next month
