Article 13-2 (Tax Exemption for Investment by Domestic Corporations in Venture Companies, etc.)

If a domestic corporation, as prescribed by Presidential Decree, acquires shares or equity interests falling under any of the following subparagraphs by December 31, 2028, an amount equivalent to 5 percent of the acquisition value of the shares or equity interests shall be deducted from the corporate tax for the relevant business year. However, if shares or equity interests of specially related persons, as prescribed by Presidential Decree, are acquired, no deduction shall be allowed for such amount. <Amended by Act No. 17770, Dec. 31, 2019, Act No. 18603, Dec. 28, 2021, Act No. 18937, Dec. 31, 2022, Act No. 19871, Dec. 31, 2023, Act No. 19958, Dec. 31, 2024, Act No. 20055, Dec. 23, 2025> 1. Shares or equity interests acquired by investing in startups, new technology business operators, venture companies, or new technology startup specialized companies. 2. Shares or equity interests acquired by investing in startups, new technology business operators, venture companies, or new technology startup specialized companies through a private equity fund specialized in startups and ventures (hereinafter referred to as "private equity fund specialized in startups and ventures") or venture investment partnerships, etc. (excluding privately managed indirect venture investment partnerships) pursuant to Article 249-23 of the 「Capital Markets and Financial Investment Business Act」.

If a domestic corporation referred to in Paragraph ① acquires shares or equity interests by investing in a startup, new technology business operator, venture company, or new technology startup specialized company through a privately managed indirect venture investment partnership by December 31, 2028, the sum of the amounts under the following subparagraphs shall be deducted from the corporate tax for the relevant business year. In this case, the proviso to the part other than each subparagraph of Paragraph ① shall apply mutatis mutandis. <Newly established by Act No. 19871, Dec. 31, 2023, Amended by Act No. 20055, Dec. 23, 2025> 1. An amount equivalent to 5 percent of the greater of the amounts under the following items: a. The acquisition value of the shares or equity interests. b. An amount equivalent to 60 percent of the amount invested in the privately managed indirect venture investment partnership. 2. If the acquisition value of the shares or equity interests acquired in the relevant business year exceeds the average acquisition value of the shares or equity interests in the preceding three business years, an amount equivalent to 5 percent of the excess amount.

If a domestic corporation that has received a corporate tax deduction under Paragraphs ① through ③ becomes a controlling shareholder, etc. of the investee company within 5 years after acquiring the shares or equity interests, it shall pay the corporate tax, in addition to an amount equivalent to interest calculated according to Presidential Decree, equivalent to the amount of the tax credit for the shares or equity interests when filing the tax return for the business year to which the date of becoming a controlling shareholder, etc. belongs, and such tax shall be deemed as the tax payable under Article 64 of the 「Corporate Tax Act」. <Amended by Act No. 19871, Dec. 31, 2023, Amended by Act No. 20055, Dec. 23, 2025>

When applying Paragraphs ① through ⑥, the scope of controlling shareholders, etc. and other necessary matters shall be prescribed by Presidential Decree. <Amended by Act No. 19871, Dec. 31, 2023, Amended by Act No. 20055, Dec. 23, 2025>