99% of Venture Companies Say "Support Systems Needed, Including Tax Benefits"

High Demand for Tax, Finance, and R&D Support
However, Utilization Rates Remain Below 60%
"Improve the System in a More Effective Direction"

About 99% of venture companies were found to require support systems such as tax and financial assistance. However, the number of companies actually utilizing these systems was relatively low due to reasons such as not meeting the eligibility criteria.

The Korea Venture Business Association announced the results of a survey on the awareness of the venture company verification system on the 23rd. The survey was conducted online targeting 1,000 verified venture companies.

Provided by the Korea Venture Business Association

Among all respondent companies, 98.6% answered that they needed at least one of the eight support systems included in the survey items, such as tax, finance, and research and development (R&D).

Specifically, the highest responses were for the need for 'tax (96.8%)' and 'finance (91.6%)' systems, followed by 'R&D (88.9%)', 'patents (83.2%)', and 'location (75.2%)' systems. On the other hand, responses indicating the need for 'talent compensation (52.8%)', 'advertising (46.6%)', and 'mergers and acquisitions (44.3%)' systems were relatively low.

However, compared to the high demand, the proportion of companies actually utilizing these systems was low. Tax (65.0%), R&D (57.4%), and finance (51.1%) systems showed relatively high utilization rates, but considering the proportion of respondents who indicated the need for these systems (89~97%), there was a significant gap between the need and utilization rates.

The Korea Venture Business Association explained, "It is understood that the causes include failure to meet the detailed requirements of each preferential support system for venture companies or the lack of support systems available for use under the current system."

Respondent companies most frequently desired 'expansion of tax support (35.1%)', such as extension of exemption periods and increase in exemption rates, followed by hopes for expansion or establishment of systems such as 'increase in guarantee limits (15.4%)' and 'R&D support (10.1%)'.

Lee Jeong-min, Secretary General of the Korea Venture Business Association, said, "To overcome the current uncertain economic crisis, venture companies must not stop innovating and challenging, and the current system should be improved in a practical way reflecting corporate demand so that they can play an important role in national economic recovery."

This content was produced with the assistance of AI translation services.