Nurturing K-Defense Unicorns: Govn’t Launches Initiative for Defense Startups

Signboard of the Ministry of SMEs and Startups. (Photo provided by the Ministry of SMEs and Startups) The government has decided to strengthen the growth foundation of the defense industry ecosystem and foster a culture of mutual cooperation with large corporations, aiming to nurture 100 defense-participating startups and 30 venture companies worth 100 billion won each by 2030. The Ministry of…