24-8 · 金融业登记与申报

创业加速器 (Changeop Gihoekja) 登记

A startup accelerator (changeop gihoekja) is a corporation whose main business is selecting, incubating and investing in early-stage startups that have been in business for less than 3 years, and it must register with the Minister of SMEs and Startups under Article 24 of the Venture Investment Promotion Act to be covered by the Act. Under Article 48 of the Enforcement Decree, applications are received and reviewed by the Korea Institute of Startup and Entrepreneurship Development (KISED). A commercial company needs paid-in capital of at least KRW 100 million, while a non-profit corporation or cooperative needs at least KRW 50 million contributed to the business, plus at least 2 full-time professional staff, an office used as incubation space for early-stage startups, a business plan and a conflict-of-interest prevention system. Individuals cannot register, and registration is refused if any officer falls under a disqualification ground, such as an undischarged bankrupt or a person within 5 years of completing a prison sentence.