Korean Government designates a venture firm by law if it satisfies one of four conditions. For designated ventures, the composition is as follows:

• Korean Government designates a venture firm by law if it satisfies one of four conditions. For designated ventures, the composition is as follows:

  • VC-backed company (more than 10% share from VC) _ 20-25%
  • Company with high R&D Ratio (more than 5% of sales) _ 30%
  • Company with major product based on intellectual property _ 40%
  • High-tech company carrying out government R&D projects _ 5-10%
    

• KOSDAQ: Soaring. Is it a bubble?

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