The South Korean government is set to lower the threshold for corporate venturing vehicles, though rules governing the practice will remain strict.
The South Korean government intends to adjust regulations governing corporate venture capital funds to make establishing a unit easier, The Investor has reported.
Conglomerates are designated as nonfinancial holding companies by the government, which restricts their establishment of financial subsidiaries. The government is reluctant to change that rule but is favouring a law that would permit them to form corporate venturing affiliates.
The new regulation will be bolstered by a decision announced last week to lower the financial threshold for…
