Chairman Kim Joo-hyun of the Financial Services Commission held a meeting on promoting investment for startups and venture businesses on May 16 along with experts and related organizations and businesses. After reviewing the status of funding support made available by Korea Development Bank, Industrial Bank of Korea, Korea Credit Guarantee Fund, and Korea Growth Investment Corporation, Chairman Kim outlined plans for this year’s startup and venture investment support and pledged to continue to closely listen to the needs of startups and venture businesses to boost investment and promote growth. In this regard, a total of KRW15.4 trillion in policy funds will be supplied to ensure the provision of seamless funding support for up-and-coming startups equipped with innovative technologies this year, up about 30 percent from the amount of support provided in the previous year. In addition, KDB-IBK's secondary fund worth about KRW1.2 trillion has been created for making investments starting from May this year.