The Ministry of SMEs and Startups (MSS) of South Korea was established in 2017 to promote small businesses and startups. It plays a crucial role in fostering innovation and supporting the startup ecosystem in Korea through various programs, policies, and investments. MSS is responsible for the growth of SMEs, providing financial aid, R&D support, and creating favorable conditions for startups to thrive. It also operates several affiliated organizations that assist in the implementation of its policies.