In a major policy shift, the South Korean government will now allow cryptocurrency trading and brokerage companies to qualify as official venture businesses, opening new doors for blockchain startups that were previously excluded from the system.
The Ministry of SMEs and Startups (MSS) has recently announced a revision to the Special Measures Act on Venture Business Promotion, which will expand the scope of eligible industries. As a result, crypto-related businesses such as digital asset trading platforms, intermediaries, and token-based services may now be recognized as venture companies, starting as early as the second half of 2025.
Until now, these businesses were categorized as financial companies, making them ineligible for venture status, and thus excluded from key benefits such as tax relief, government grants, and easier access to investment. The new amendment widens the criteria to include blockchain-based finance platforms that meet specific requirements, leveling the playing field for tech startups in the crypto space.
An MSS official explained, “We revised the rules to reflect changing industry realities and prevent promising tech-based startups from being unfairly excluded from venture support. We will also implement safeguards to maintain a healthy ecosystem.”
Industry reaction has been largely positive. One blockchain startup founder commented, “This marks a turning point. Projects with real technological value can now build on a stronger institutional foundation, and early-stage startups especially will benefit from expanded access to funding and support.”
