Venture Enterprise Glossary
Key terms related to Korea's venture enterprise system, explained clearly.
Act on Promotion of Venture Investment
Act on Promotion of Venture Investment
Law enacted in 2020 dedicated to venture investment. Regulates venture investment unions, angel fun…
Act on Support for SME Startups
Act on Support for SME Startups
Law to promote and support SME startups. Regulates startup funding, tax benefits, and business incu…
Military Service Exception
Military Service Exception
System allowing core R&D personnel at venture-certified enterprises to work at the company instead …
New Share Issuance
New Share Issuance
The issuance of new shares by a company to increase capital. A key instrument for paid-in capital i…
Special Act on Fostering Venture Enterprises
Special Act on Fostering Venture Enterprises
Special act to promote creation and growth of venture enterprises. Legal basis for certification, b…