Venture Enterprise Glossary
Key terms related to Korea's venture enterprise system, explained clearly.
Acquisition Tax Reduction
Acquisition Tax Reduction
75% reduction in acquisition tax when venture enterprises acquire real estate for direct use.
Capital Gains Tax Exemption
Capital Gains Tax Exemption
Exemption from capital gains tax when selling venture enterprise shares held for 3+ years.
Corporate Tax Reduction
Corporate Tax Reduction
Venture-certified enterprises receive a 50% reduction in corporate (or income) tax for 5 years from…
Income Tax Deduction
Income Tax Deduction
Tax deduction system for venture enterprise investment: 100% for up to 30M KRW, 70% for 30-50M KRW,…
Professional Angel Investor
Professional Angel Investor
Individual investor registered with KBAN with venture investment track record, potentially eligible…
Property Tax Reduction
Property Tax Reduction
Property tax reduction for venture enterprises located in venture cluster facilities.
Separate Taxation
Separate Taxation
Taxation method that separates income from aggregate taxation. Stock option exercise gains can be s…
Special Tax Treatment Control Law (STTCL)
Special Tax Treatment Control Law (STTCL)
Abbreviation for the Special Tax Treatment Control Law. The legal basis for venture tax benefits (A…
Stock Option
Stock Option
Stock purchase rights granted to venture enterprise employees. Up to 200M KRW/year in exercise gain…
Tax Exemption
Tax Exemption
Tax not being imposed. Includes stock option exercise gains up to 200M KRW/year and venture investm…