Over the next five years, the South Korean government has formulated a plan to cultivate 10,000 startups in hard-tech domains, including artificial intelligence (AI), in a bid to propel the nation's economic growth. As reported by Yonhap News Agency on December 18, South Korea's Ministry of SMEs and Startups, in concert with pertinent departments, unveiled the "Comprehensive Measures to Position South Korea Among the World's Top Four Venture Capital Powers," outlining a series of ambitious objectives. These encompass nurturing 10,000 hard-tech startups, with AI being a key focus area, fostering the growth of 50 unicorn and 'decacorn' companies (startups valued at over $1 billion and $10 billion respectively), and facilitating businesses' entry into the global venture capital market, which boasts an annual volume of roughly 40 trillion won (equivalent to approximately 190.4 billion yuan).