SOUTH KOREA Law and Practice Contributed by: Ohryung Lee, Joceline Park, Maria Chang and Hakrae Cho Bae, Kim & Lee LLC
China
North Korea
Seoul
South Korea
Japan
Contents 1. Trends p.503
1.1 VC Market p.503 1.2 Key Trends p.503 1.3 Key Industries p.503 2. Venture Capital Funds p.503
2.1 Fund Structure p.503 2.2 Fund Economics p.504 2.3 Fund Regulation p.504 2.4 Particularities p.504 3. Investments in Venture Capital Portfolio Companies p.505 3.1 Due Diligence p.505 3.2 Process p.505 3.3 Investment Structure p.505 3.4 Documentation p.505
3.5 Investor Safeguards p.505 3.6 Corporate Governance p.506 3.7 Contractual Protection p.506 4. Government Inducements p.507 4.1 Subsidy Programmes p.507 4.2 Tax Treatment p.507 4.3 Government Endorsement p.507 5. Employment Incentives p.508 5.1 General p.508 5.2 Securities p.508 5.3 Taxation of Instruments p.508 5.4 Implementation p.509 6. Exits p.509 6.1 Investor Exit Rights p.509 6.2 IPO Exits p.509 6.3 Pre-IPO Liquidity p.510 7. Regulation p.510 7.1 Securities Offerings p.510 7.2 Restrictions p.511
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