If you have innovative ideas but don’t know what to do to set up a business because of worries about how to finance start-up funds, the government is on its way to solve such problem. By revising the Capital Markets Act, the government plans to institutionalize ‘Crowd Funding System’ within this year.
Crowd funding is a new type of funding method for entrepreneurs with creative ideas to easily finance business funds from various small investors through online funding firms. Those small investors will make investments in the idea which they think is worth investing in and expected to pull in lots of money. Similar funding methods already exist, however, the government intends to legalize and institutionalize such system in order to protect both investors and entrepreneur.