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A Study on the Improvement of Law Analysis of Venture Preferential System on Technology-based Startups  

Hong, Eun-Young (Science Technology Knowledge Research Institute, Chungnam National University)
An, Gi-Don (Department of Management and Acoounting, Chungnam National University)
Sung, Eul-Hyun (Science Technology Knowledge Research Institute, Chungnam National University)
Publication Information
Asia-Pacific Journal of Business Venturing and Entrepreneurship / v.15, no.2, 2020 , pp. 111-125 More about this Journal
Abstract
In the rapidly changing era of the Fourth Industrial Revolution, the business environment surrounding venture companies is also changing rapidly. In recent years, the government has reorganized the venture verification system, including expanding the types and scope of venture companies. This study analyzes the current status of venture preferential system from the perspective of technology-based start-up companies and in addition, this paper proposes a plan for improving the legal system. For analysis, The relevant provisions were confirmed through a search using "venture" as a keyword in the National Legal Information Center and the Korean Court of General Law. Then, meaningful texts were extracted along with relevant data to secure basic data and analyzed by benefits, by means and by content. As a result of the study, Venture preferential treatment system is focused on 'reduction of burden' by the means of benefits, and on 'financial' and 'production' by benefits. In conclusion, four suggestions for improvement are presented. First, efforts are needed to increase the practical applicability of venture-related clauses. Second, the venture preferential treatment system is mainly focused on mitigating the burden, so efforts are needed to find a balance. Third, the venture preferential treatment system is mainly focused on the 'non-research' field, so the benefits of the 'research' field should be expanded. Finally, efforts to discover and overcome blind spots in the venture preferential system should be supported.
Keywords
Venture preferential system; Venture Company; Preferential System; Startups; Technology-based Startups; Technology Startups; Ministry of SMEs and Startups;
Citations & Related Records
Times Cited By KSCI : 15  (Citation Analysis)
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