The Ministry of SMEs and Startups has approved a revision to the law to recognize companies that have resolved exclusion reasons as startups.
According to the revision, companies that resolve exclusion reasons within seven years from the start date will be recognized as startups.
The revised enforcement ordinance will take effect on January 1, 2026, and will apply to companies that resolve exclusion reasons before the implementation date.

The Ministry of SMEs and Startups held a public-private open innovation performance sharing event on the 16th in Seoul.
This year, nine startups including Amber Road received awards and prizes for their outstanding achievements.
The awarded startups achieved significant financial effects and market entry successes through various collaborations.

The Small and Medium Business Administration hosted the TOPS AWARDS at the Kensington Hotel in Yeouido, Seoul, presided over by Vice Minister Lee Byung-kwon.
The event was organized to reward small businesses and institutions that achieved excellent results through the online brand development project.
The event included a pitching competition and an award ceremony, with various platforms presenting their specialized program achievements.

The Ministry of Health and Welfare announced its vision for ‘a welfare strong nation where all citizens are happy’.
They have strengthened the social safety net by increasing the median income level and easing medical benefit requirements.
Various policies are being implemented to respond to changes in demographics and AI transformation.

The Ministry of Foreign Affairs, in collaboration with KIEP, held the 9th Korea-US Joint Economic Forum in Seoul.
Vice Minister Kim Jin-ah evaluated the strengthened cooperation between Korea and the US and proposed focusing on shipbuilding, semiconductors, and energy sectors.
Approximately 150 attendees expressed high interest in cooperation in strategic industries between Korea and the US.

The government has announced a new economic policy.
This policy aims to support small businesses and create jobs.
Details can be found in the attached press release.