Incheon Mayor and conservative presidential candidate Yoo Jeong-bok announced Thursday that, if elected, he would allocate 10 trillion won ($7.04 billion) to support 100,000 aspiring entrepreneurs looking to start businesses overseas. Each entrepreneur would receive 100 million won to assist with market research, local partnerships and the costs of establishing a company abroad.
Each entrepreneur would receive 100 million won to assist with market research, local partnerships, and the costs of establishing a company abroad. The spending is also aimed at covering the expenses of establishing a corporation in the country. Yoo also plans to map out his proposals for tax incentives for entrepreneurs who have founded a startup in South Korea.
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