Policies for Revitalizing Venture Startups in the Post-COVID-19 Era: Focusing on the Promotion of Angel Investment

The Korean economy faces serious difficulties in the global economic recession due to the COVID-19 pandemic (a global pandemic). The government is actively responding to COVID-19, including supporting emergency disaster subsidies for all citizens and promoting a Korean-style New Deal.In order to minimize the impact of corporate restructuring due to the prolonged COVID-19 pandemic going forward and see the Korean economy take a leap forward, it is most important to create quality jobs by activating venture startups in new technologies and new industries. To this end, measures to resolve the funding shortage faced by venture startups (identified as such firms’ biggest hurdle) should be prepared. In particular, in order to promote technology-knowledge-intensive start-ups through private venture capital (VC), it is necessary to prepare a plan to revitalize angel investment, which plays an important role in the stage prior to VC investment.This paper proposes a series of policy measures aimed at incentivizing early-stage angel investment in startups.