| Common Standards |
Small and medium businesses as defined in the Framework Act on small and medium Enterprises |
|
| Venture Finance Investment Businesses |
Businesses for which the investment period is no less than 6 months and total stock acquisitions for the following entities exceeds 10% of equity: The amount of investment is worth KRW 50 million or more. |
Korean Venture capital Association |
| Research & Development Businesses |
- Should operate an internal research center according to Article 7 of Technology Development Promotion Act
- The R&D cost ratio to the annual sales should be 5% or higher according to the Ministry of SMEs and Startups (not applied to companies under 3 years of operation).
- Should have 5% or more of R&D ratio to sales according to Ministry of SMEs and Startups( not applied to companies under 3 years of operation)
- Should recieve positive business prospect appraisal from a related institution
|
Korea Technology Finance Corporation, Small & Medium Business Corporation |
| Technology Valuation Guarantee Business, Loan Business |
- Should recieve KOTEC(Korea technology finance corpr) guarantee or credit loan from Small and Medium Business Corp.
- Should recieve positive technology appraisal from KOTEC or Small and Medium Business Corp.
- Should have KRW 80mil. of guarantee or loan or more and 10% or more of loan ratio to total asset.
|
Korea Technology Finance Corporation, Small & Medium Business Corporation |