South Korea will consider introducing a new visa category for foreign startup entrepreneurs to vitalize the domestic startup ecosystem, Seoul's justice minister said Wednesday.

At a South Korea-Germany startup industry roundtable meeting in Berlin, Wednesday (local time), Minister Park Beom-kye said his ministry would "review the adoption of a startup visa."

"In order to vitalize our startup ecosystem, we need to have an influx of foreigners who want to launch startups in South Korea," Park said. "We need to offer (startup visas) in order to achieve this," he added.

Park noted that applicants must meet qualifications and requirements, and said the government could receive recommendations from chambers of commerce.

He also stated that while foreigners with masters or doctoral degrees in science and engineering are currently allowed long-term stay visa following the recommendations from heads of schools, they should also be given opportunities to start their own businesses in South Korea. (Yonhap)


Reference: The Korean Times, access at https://m.koreatimes.co.kr/pages/article.asp?newsIdx=322178

Comments

  • masfa said:

    daud kim i am your biggest fan.i am not in turkey i am in Pakistan but i want to talk to you. East or Weast Daud is the best

    January 14, 2022


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