The Korea Venture Capital Association (hereinafter VC Association) announced on the 16th that it successfully held a policy forum titled 'Tasks to Revitalize Venture Investment to Overcome the Startup Ecosystem Crisis' at the National Assembly Members' Office Building.
This forum was co-hosted by Democratic Party members Kim Han-gyu, Kim Won-i, Kwon Hyang-yeop, and Lee Jae-gwan, and organized by the VC Association.
Kim Han-gyu, member of the Democratic Party of Korea (fourth from the left), Kim Hak-gyun, chairman (fifth from the left), and other participants of the policy discussion are taking a commemorative photo. VC Association
In his opening remarks, Representative Kim Han-gyu emphasized the significance of this forum as a practical policy discussion platform for revitalizing venture investment, stating, "Creating an environment where innovative startups can grow is paramount for the sustainable development of our economy."
Kim Hak-gyun, Chairman of the VC Association, stated, "To achieve the goal of establishing the world's number one innovation ecosystem, it is necessary to promote detailed tasks such as revitalizing the KOSDAQ market, expanding venture investment resources including retirement pensions, regulatory reforms, and preparing tax support."
Following this, Lee Jeong-min, Secretary General of the Korea Venture Business Association, presented on the topic 'Tasks to Revitalize the Venture Ecosystem for Innovation in Korea,' diagnosing the current crisis faced by the venture ecosystem and proposing specific solutions including ▲ promoting private capital venture investment through expanded tax support ▲ allowing venture investment of retirement pensions to expand supply of venture capital ▲ mandating venture investment by pension funds.
Kim Jin-young, Research Fellow at the Capital Market Research Institute, emphasized that more than half of newly listed companies on KOSDAQ have received venture investment and proposed ▲ allowing retirement pension venture fund contributions ▲ introducing Business Development Companies (BDC) ▲ expanding tax support related to venture investment ▲ increasing the new budget for the Korea Fund of Funds.
In the subsequent discussion, Andong-wook, CEO of Miso Information Technology, suggested introducing a 'personalized integrated venture investment account' to expand individual investors' access to venture investment, along with strengthening support policies for individual investors.
Yoo Sang-hoon, Head of Korea Venture Investment, introduced the 2025 Fund of Funds budget scale and major investment sectors, stating, "We will further strengthen cooperation with the private sector and actively promote various supports to create a sustainable venture ecosystem."
Jae-kwang Ahn, CEO of SBI Investment, explained the difficulties in raising venture fund capital due to recent high exchange rate volatility and increased geopolitical risks, emphasizing the importance of discovering new funding sources with investment capacity alongside continuous government support policies such as the Fund of Funds.
Lastly, Kang Min-kyung, attorney at Law Firm Daejeong, proposed specific tax policies to revitalize venture investment, including ▲ up to 10% tax credit for indirect investment in venture funds by domestic corporations ▲ capital gains tax exemption on shares of startups and venture companies for domestic corporations ▲ increasing income deduction rates for individual investors' venture fund contributions.
Kim Jong-sul, Executive Director of the VC Association who prepared the forum, stated, "The VC Association will do its best to ensure that the valuable opinions raised at today's forum lead to practical policies."
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