Hwawoo Law Firm and Federation Host CVC Policy Seminar
Key Developments in Corporate-Led Venture Capital (CVC) Systems Hwawoo Law Firm is set to host a significant seminar on the 3rd of next month, in collaboration with the Federation of Korean Industries. The event aims to explore government policy directions and corporate strategies related to corporate-led venture capital (CVC) systems. As ongoing discussions continue between the government and industry about potential changes to the separation of financial and industrial capital principle and the CVC framework, officials, industry representatives, and legal experts will come together to share insights and discuss operational directions for the system. The 2021 revision of the Fair Trade Act marked a turning point by allowing the establishment of CVCs under holding companies. This move positioned CVCs as crucial platforms for large corporations to identify new business opportunities and expand their investments in startups. Recently, the government has been considering several adjust...