(1) Reasons for Proposal

As the Act on the Promotion of Venture Investment (Act No. 16998; promulgated on February 11, 2020; to be enforced on August 12, 2020) was legislated to lay the investment foundation for entrepreneurs, small and medium enterprises, and startups and promote the venture investment industry comprehensively and systematically, these Regulations aim to define matters delegated by the Act for the registration and management of an accelerator and other matters necessary for the enforcement thereof.

(2) Major Provisions

A. Define the registration and management of an accelerator (Article 3)

B. Specify the accounting standards of an accelerator (Articles 18 through 40)

C. Approve irrecoverable debt for an accelerator (Articles 41 through 45)