Stage of development: Implementation
Policy sector: Employment and training
Date outcomes contract signed: Aug 2023
Start date of service provision: Nov 2024
Capital raised (minimum): KRW 2.50b (USD 1.75m)
Max potential outcome payment: KRW 3.71b
Amid worsening labor market conditions, the number of unemployed individuals has been increasing, and many self-employed individuals are struggling to sustain their businesses. Although significant financial resources are being allocated, concerns about the sustainability of these policies persist. Most entrepreneurship support programs focus on basic training with limited follow-up management, resulting in insufficient outcomes in critical areas such as brand and menu development, post-startup survival rates, and the sustainability of employment.
Individuals who are either aspiring entrepreneurs with no income or existing restaurant business owners within three years of establishment.
Commissioners/outcome payers
Service Providers
Investors
Intermediary organisations
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