S.Korean gov't eases restrictions on Korean investment in overseas startups

Quick Summary:

The companies founded by South Korean nationals abroad will be recognized as domestic companies if they contribute to the Korean economy, making it easier for them to receive venture capital investment.

To address this, the FTC has revised the guidelines to exclude companies founded abroad by Koreans from the definition of foreign companies if they meet the Small and Medium Business Start-up Support Act and contribute to the domestic economy.

Such companies play a crucial role as a gateway for domestic startups to expand internationally and also contribute to the South Korean economy by operating local offices or research centers in South Korea.

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Article Details

Category: Economy

Markets: South Korea

Topics: Venture South Economy Guidelines Korean Investment Contribute Companies Founded Domestic Fair

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-25 @ 17:48:47 (2 hours ago)

News Timezone: GMT +8:00

News Source URL: kedglobal.com

Language: English

Article Length: 310 words

Reading Time: 2 minutes read

Sentences: 18 lines

Sentence Length: 18 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Korea Economic Daily

News ID: 23819794

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About Korea Economic Daily

Main Topics: Economy

Official Website: kedglobal.com

Update Frequency: 12 posts per day

Year Established: 1964

Headquarters: South Korea

News Last Updated: ago

Coverage Areas: South Korea

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Publisher ID: #91

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