Abstract
In fact, the development of startups plays an important role in shaping the national innovation system of the country, further increasing the share of innovation in the economy, creating new types of goods, works and services. Although there is no separate law in our country directly regulate the activities of startups, there are dozens of laws that indirectly cover this area. It is natural that the existing legal framework in this area will serve as a legal regulator in the development of startups in the country and the formation of a national innovation system. Today, the models of developed countries in the legal regulation of innovative activities are used as an example by many developing countries. The national model of innovative development of the Republic of Korea is one of them.
Highlights
It is important to study the experience of the Republic of Korea in the development andThe USA Journals Volume 03 Issue 05-2021 financing, commercialization of scientific developments, startup projects and innovative ideas
Government regulation of innovation development includes the improvement of innovation infrastructure, various sources of funding for innovation, including through venture capital, the emergence of new startups and the development of a set of regulations governing this sphere
The creation of a sufficiently flexible and efficient system of public-private partnership in South Korea has paved the way for the stabilization of innovations[2]
Summary
It is important to study the experience of the Republic of Korea in the development andThe USA Journals Volume 03 Issue 05-2021 financing, commercialization of scientific developments, startup projects and innovative ideas. The Republic of Korea has established a statelevel innovative economic policy, according to which an effective mechanism of state regulation of innovative development is being implemented. The Korean government has focused on raising funds for small and mediumsized business development, new business projects in the field of information and communication technologies, and as a result adopted a "creative economy" program as part of innovative development at the state level.
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