No. 34657
Promulgation Date 2024-07-02
Ministry of SMEs and Startups
ALL
CHAPTER I GENERAL PROVISIONS
Article 1 (Purpose)
Article 2 (Scope of Application)
Article 3 (Fact-Finding Survey)
CHAPTER II INDIVIDUAL INVESTMENT AND PROFESSIONAL INDIVIDUAL INVESTORS
Article 4 (Requirements for Registration of Professional Individual Investors)
Article 5 (Calculation of Amount of Investment by Professional Individual Investors)
CHAPTER III INDIVIDUAL INVESTMENT ASSOCIATION
Article 6 (Organization and Registration of Individual Investment Associations)
Article 7 (Individual Investment Associations’ Obligation to Invest)
Article 8 (Restrictions on Acts by Operating Partners of Individual Investment Associations)
Article 9 (Exceptions to Restrictions on Acts by Operating Partners of Individual Investment Associations)
Article 10 (Annual Reporting by Individual Investment Associations)
Article 11 (Dissolution of Individual Investment Associations)
Article 12 (Appropriation of Profit of Individual Investment Associations)
Article 12-2 (Disclosure by Individual Investment Associations)
CHAPTER IV ACCELERATORS
Article 13 (Requirements for Registration of Accelerators)
Article 14 (Methods for Selecting Early Stage Startups by Accelerators)
Article 15 (Accelerators’ Obligation to Invest)
Article 16 (Restrictions on Acts of Accelerators)
Article 17 (Exceptions to Restrictions on Acts of Accelerators)
Article 18 (Scope of Large Shareholders and Related Persons of Accelerators)
Article 19 (Restrictions on Acts of Large Shareholders of Accelerator)
Article 20 (Standards for Accelerators’ Sound Management)
Article 21 (Major Shareholders Not Allowed to Use Information on Accelerator’s Duties)
Article 22 (Annual Reporting by Accelerators)
Article 22-2 (Public Disclosure by Accelerators)
CHAPTER V VENTURE INVESTMENT COMPANIES
Article 23 (Requirements for Registration of Venture Investment Companies)
Article 24 (Venture Investment Companies' Obligation to Invest)
Article 25 (Restrictions on Acts of Venture Investment Companies)
Article 26 (Exceptions to Restrictions on Acts of Venture Investment Companies)
Article 27 (Scope of Persons Related to Large Shareholders of Venture Investment Companies)
Article 28 (Restrictions on Acts of Large Shareholders of Venture Investment Companies)
Article 29 (Standards for Management Soundness of Venture Investment Companies)
Article 30 (Major Shareholders Prohibited from Using Information on Businesses of Venture Investment Companies)
Article 31 (Annual Reporting by Venture Investment Companies)
Article 32 (Exceptions to Revocation of Registration of Venture Investment Companies)
CHAPTER VI VENTURE INVESTMENT ASSOCIATIONS
Article 33 (Requirements for Limited Companies or Limited Liability Companies to Organize Venture Investment Association)
Article 34 (Requirements for Registration of Venture Investment Associations)
Article 35 (Venture Investment Associations’ Obligation to Invest)
Article 35-2 (Special-Purpose Companies of Venture Investment Associations)
Article 36 (Restrictions on Acts of Operating Partners of Venture Investment Associations)
Article 37 (Exceptions to Restrictions on Acts by Operating Partners of Venture Investment Associations)
Article 38 (Annual Reporting by Venture Investment Associations)
Article 39 (Dissolution of Venture Investment Associations)
Article 40 (Appropriation of Profit of Venture Investment Associations)
Article 41 (Requirements for Registration of Publicly Placed Venture Investment Association)
Article 41-2 (Requirements for Registration of Private Venture Fund of Funds)
Article 41-3 (Special Cases concerning Investment Ratio and Restrictions on Acts of Private Venture Fund of Funds)
CHAPTER VII ESTABLISHMENT OF KOREA VENTURE INVESTMENT CORPORATION AND ORGANIZATION AND OPERATION OF FUND OF FUNDS FOR VENTURE INVESTMENT
Article 42 (Business Activities of Korea Venture Investment Corporation)
Article 43 (Guidance and Supervision over Business Operations of Korea Venture Investment Corporation)
Article 44 (Organization of Fund of Funds for Venture Investment)
CHAPTER VII-2 VENTURE DEBT
Article 44-2 (Venture Debt Contract)
CHAPTER VIII SUPPLEMENTARY PROVISIONS
Article 45 (Issuance of Investment Confirmations)
Article 46 (Contribution of Fund to Venture Investment Associations)
Article 47 (Reporting and Inspection)
Article 48 (Delegation of Authority and Entrustment of Affairs)
Article 49 (Processing of Sensitive Information and Personally Identifiable Information)
Article 50 (Re-Examination of Regulation)
CHAPTER IX PENALTY PROVISIONS
Article 51 (Criteria for Imposing Administrative Fines)
ADDENDA <Presidential Decree No. 30934, Aug. 11, 2020>
ADDENDA <Presidential Decree No. 31553, Mar. 23, 2021>
ADDENDA <Presidential Decree No. 31611, Apr. 6, 2021>
ADDENDA <Presidential Decree No. 32091, Oct. 21, 2021>
ADDENDA <Presidential Decree No. 32274, Dec. 28, 2021>
ADDENDA <Presidential Decree No. 32733, Jun. 28, 2022>
ADDENDUM <Presidential Decree No. 32868, Aug. 9, 2022>
ADDENDA <Presidential Decree No. 32881, Aug. 23, 2022>
ADDENDA <Presidential Decree No. 33110, Dec. 20, 2022>
ADDENDUM <Presidential Decree No. 33112, Dec. 20, 2022>
ADDENDUM <Presidential Decree No. 33375, Apr. 4, 2023>
ADDENDUM <Presidential Decree No. 33815, Oct. 17, 2023>
ADDENDA <Presidential Decree No. 34011, Dec. 19, 2023>
ADDENDUM <Presidential Decree No. 34257, Feb. 27, 2024>
ADDENDA <Presidential Decree No. 34657, Jul. 2, 2024>