Acting president pledges to nurture 100 global venture firms by 2020

Acting President and Prime Minister Hwang Kyo-ahn on Friday pledged to nurture 100 global venture firms by 2020 as part of the government’s efforts to promote startups, create jobs and revitalize the economy. To achieve this goal, the government plans to provide “strategic, tailored” assistance, including legal counseling, to help venture firms prepare for their entry into foreign markets or expand their presence abroad.