The Asymmetric Effects of Public Support Types: An Empirical Study on the Conditions and Performance of Korean Startups
This empirical study analyzes the asymmetric effects of South Korean public support programs on startup performance by comparing companies backed by the Ministry of SMEs and Startups and the Ministry of Science and ICT against non-supported firms, demonstrating that government funding acts as a catalyst for overcoming resource constraints while highlighting the need for sector-specific policy roadmaps based on the timing of performance generation across different core technology fields.