Abstract :In 1997, the Korean government enacted the Venture Special Act to designate ventures and to
provide various supports in finance, tax, human resources and R&D. As a result, the number of ventures reached
31,260 as of the end of 2015. Although ventures are still concentrated in the Seoul, the capital city metropolitan area,
the growth of regional ventures is significant, and thus it is forecasted that their share in regional economies will
increase. Therefore, the purpose of this research is to identify the differences of the birth and survival of ventures in
each region and industry, and to identify the characteristics that affect those differences. According to the analytical
results, Korean government should make policies to encourage each megacity, province and metropolitan economic
block to have variety of industries, rather than having them specialize in a particular sector