Ministry Of SMEs And Startups, Republic Of Korea

South Korea · Government Administration

The Ministry of SMEs and Startups (MSS) is the Government of the Republic of Korea's ministry dedicated to enhancing the competitiveness and fostering the innovation of small and medium-sized enterprises (SMEs) and startups. It formulates and implements policies that nurture entrepreneurship, promote sustainable growth, and strengthen the foundation of Korea's business ecosystem. MSS's Three Core Missions 1. Promoting Business Growth - The Ministry of SMEs and Startups recognizes that the growth of enterprises is integral to the nation's economic development. The ministry formulates and implements a broad range of policies designed to promote business expansion across all stages - from start-ups to SMEs, and from SMEs to globally competitive enterprises, including Hidden Champions. Through these efforts, MSS strives to build a vibrant industrial ecosystem that supports sustainable and inclusive growth. 2. Fostering Business Startups - Technology and knowledge-based startups infuse innovation and vitality into the business ecosystem. MSS works to nurture creative ideas and transform them into sustainable ventures. The ministry also promotes a sound funding ecosystem that encourages investment, returns, and reinvestment. 3. Supporting Micro Enterprises - Micro enterprises form the foundation of the domestic economy and local communities. To strengthen their competitiveness, MSS introduces policies that promote successful startups, encourage collaborative business models, and support resilient growth and successful business recovery.