Jeju to reshape policies through founders’ voices at ‘Startup City’ town hall on the 29th

【Financial News Jeju = Jeong Yong-bok】 Jeju Province will directly hear the difficulties faced by startups and prospective founders and redesign its support policies.
According to Jeju Special Self-Governing Province on the 10th, the province will hold the ‘Realizing Jeju as a Startup City: Town Hall Meeting’ at 4 p.m. on the 29th at the Be-IN; performance hall of the Jeju Content Promotion Institute.
Startups, venture companies, prospective founders and startup support organizations in the province will participate to discuss the policies and institutional improvements needed to establish and grow businesses in Jeju Province.
The event’s focus is not on explaining support programs prepared by the administration to startups. Instead, it aims to incorporate problems raised in the field into future policies.
Participants may freely raise difficulties encountered at each stage, including preparing to launch a business, early commercialization, corporate growth and overseas expansion. Issues arising in the actual startup process—such as funding, sales channels, investment, regulations and support programs—may also be discussed.
Jeju Special Self-Governing Province plans to analyze the opinions raised at the event, identify tasks for improving startup policies and reflect them in the core strategies of the ‘Startup City Project’ to be pursued in the future.
The province will also accept questions in advance rather than relying solely on proposals made on the day of the event. Founders who wish to attend can apply through the QR code on the event poster by the 15th. During the application process, they may also submit questions and policy proposals related to startup policies.

After the event, relevant departments of Jeju Special Self-Governing Province and related organizations will review the submitted suggestions and provide responses. Proposals that can be implemented will be reflected in policies or support programs. Following the town hall meeting, the ‘Partner Wall’ program will connect startups with cooperation partners. It is intended to expand exchanges among companies and identify opportunities for business cooperation.
Jeju Special Self-Governing Province’s decision to communicate directly with founders is based on the view that creating an ecosystem in which companies already operating in Jeju can grow is just as important as attracting new businesses.
Early-stage startups need to validate their business models and secure funding. At the growth stage, investment, talent and expanded sales channels become important. When entering overseas markets, additional policy needs arise, including market information and networks.
Through this event, Jeju Special Self-Governing Province plans to distinguish policy needs by startup stage and identify gaps in the existing support system. Reducing disconnects in the process of delivering policies among administrative agencies, support organizations and startups is another task.
Kang Ae-sook, head of the Economic Vitality Bureau of Jeju Special Self-Governing Province, said, "If startups are to begin in Jeju, grow and advance into global markets, we must accurately identify on the ground the difficulties they face at each stage. We will connect founders’ voices to policy and develop Jeju’s startup ecosystem."


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