Stock shop tax exemption to be reborn…Innovative business to speed up
Kim Mi Gyung | the13ook@ | 2017-11-02 10:39:05
The government to build `Innovative eco-system`
President Moon Jae-in decided to revive the tax exemption for stock options (stock options) and to increase the income deduction for angel investment (investment in startup venture companies) to revitalize innovation. Besides, the general public can easily invest in venture companies.
On the first day, the government held a meeting on the establishment of an eco-innovation eco-system with the attendance of Woo Won-sik, the chairman of the Kim Tae-young policy, and Kim Dong-yeon, the finance minister and minister of finance and finance.
First, the government has decided to expand its venture capital fund to foster venture companies with excellent technology and ideas.
Kim said, "Although the number of startups and venture investments has increased recently, there is still a shortage of quality," said Kim. "We will create innovative business entrepreneurship ecosystem and dramatically increase venture investment fund so that excellent innovative talents can actively start up. "He said. "We will also try to support the company in the event of a failed start-up, or consider creating a virtuous circle of start-up and investment, such as mergers and acquisitions."
Meanwhile, the government decided to revitalize the stock option tax exemption system by adopting the requirements of venture and angel investment industry as a plan to create an innovation entrepreneurial ecosystem, to expand the angel investment income deduction, and to revitalize the joint venture start-up investment association system.
The Chairman of the Policy Committee of the Ministry of Finance and Economy (KCCI) held a press briefing session after the meeting of the government, and said, "The government recognized that the dynamism and vitality of the Korean economy can be restored by creating an innovative business incubation ecosystem." It is necessary to reintroduce the stock option system to attract excellent talent as a venture company." Besides, it is decided to support the public investors to invest in venture companies by activating the joint venture start-up investment association system. Chairman Kim said, "Currently, the venture investment association system can only be operated with private equity funds with less than 50 investors, so the accessibility of the public is very limited." "We agreed to provide the same level of tax benefits as the general union by improving the statute."
Also, the government also made a plan to improve the effectiveness of the policy by using the tip-based (TIPS) program method led by the private sector in the start-up and venture policy. It is a system in which the government subsidizes research and development (R & D) funding if the private sector is selected for support. Chairman Kim said, "We will evaluate whether the TIPS method can be applied to the entire start-up and venture policy, and plan to introduce specific introduction plans."
President Moon Jae-in announced the plans to revitalize the creation of eco-innovation in the next two days, followed by measures to revitalize the creation and economic valley of Pangyo in the public procurement innovation center and measures for capital market innovation next month.
By Kim Mi Gyung the13ook@
[ copyright ⓒ The Digitaltimes ]
President Moon Jae-in decided to revive the tax exemption for stock options (stock options) and to increase the income deduction for angel investment (investment in startup venture companies) to revitalize innovation. Besides, the general public can easily invest in venture companies.
On the first day, the government held a meeting on the establishment of an eco-innovation eco-system with the attendance of Woo Won-sik, the chairman of the Kim Tae-young policy, and Kim Dong-yeon, the finance minister and minister of finance and finance.
First, the government has decided to expand its venture capital fund to foster venture companies with excellent technology and ideas.
Kim said, "Although the number of startups and venture investments has increased recently, there is still a shortage of quality," said Kim. "We will create innovative business entrepreneurship ecosystem and dramatically increase venture investment fund so that excellent innovative talents can actively start up. "He said. "We will also try to support the company in the event of a failed start-up, or consider creating a virtuous circle of start-up and investment, such as mergers and acquisitions."
Meanwhile, the government decided to revitalize the stock option tax exemption system by adopting the requirements of venture and angel investment industry as a plan to create an innovation entrepreneurial ecosystem, to expand the angel investment income deduction, and to revitalize the joint venture start-up investment association system.
The Chairman of the Policy Committee of the Ministry of Finance and Economy (KCCI) held a press briefing session after the meeting of the government, and said, "The government recognized that the dynamism and vitality of the Korean economy can be restored by creating an innovative business incubation ecosystem." It is necessary to reintroduce the stock option system to attract excellent talent as a venture company." Besides, it is decided to support the public investors to invest in venture companies by activating the joint venture start-up investment association system. Chairman Kim said, "Currently, the venture investment association system can only be operated with private equity funds with less than 50 investors, so the accessibility of the public is very limited." "We agreed to provide the same level of tax benefits as the general union by improving the statute."
Also, the government also made a plan to improve the effectiveness of the policy by using the tip-based (TIPS) program method led by the private sector in the start-up and venture policy. It is a system in which the government subsidizes research and development (R & D) funding if the private sector is selected for support. Chairman Kim said, "We will evaluate whether the TIPS method can be applied to the entire start-up and venture policy, and plan to introduce specific introduction plans."
President Moon Jae-in announced the plans to revitalize the creation of eco-innovation in the next two days, followed by measures to revitalize the creation and economic valley of Pangyo in the public procurement innovation center and measures for capital market innovation next month.
By Kim Mi Gyung the13ook@