Can a privately offered KOSDAQ venture fund qualify for the income deduction?

In setting the requirements for venture company investment trusts, the Enforcement Decree provides separate compliance periods of 6 months for private collective investment vehicles and 9 months for other funds, so a privately offered fund can also qualify if it meets all the requirements.

These include being an investment trust under the FSCMA with a contract term of at least 3 years, being transacted through a passbook account, and maintaining the investment ratios for venture companies and the like. However, private funds are open only to qualified investors, and whether a particular fund meets the deduction requirements should be checked in its collective investment rules and other documents.