South Korean SMEs and Startups Minister Han Seong-sook speaks Tuesday at the launch of the inaugural Startup for All project in Seoul. Photo by Asia Today
June 16 (Asia Today) -- A South Korean government entrepreneurship program officially began Tuesday after attracting 63,000 applicants, but concerns about inconsistent evaluations and the possible misuse of business ideas have already prompted officials to announce changes.
The Ministry of SMEs and Startups held a launch ceremony for the inaugural Startup for All project at the Startup Venture Campus Seoul in the Hongdae district of western Seoul.
The national program is designed to support prospective entrepreneurs through mentoring, prototype development and business commercialization.
Questions about the quality of the screening process and protections for participants' ideas dominated a media briefing held Monday, one day before the launch ceremony.
