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Find XO: Amendment to Venture Investment Act Restricts Unfair Investment Terms Only for New Contracts (mss.go.kr)

1 vote mrlatte (edited) Discuss

Writing language: Korean Read in the original language

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- The amendment to the Venture Investment Act, which prohibits the inclusion of unfair terms in investment contracts, passed the Cabinet meeting on September 22. - Conditions such as excessively adjusting prices due to listing failures are banned, and only those clauses are invalidated; however, it applies only to new contracts made after 2027 March 30. - Since the numerical criteria were postponed to enforcement ordinances, term sheets received before then still need to be carefully reviewed and negotiated directly at the table.

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