[Image source: Gettyimagesbank] A venture firm that attracts an investment of 10 billion won ($7.45 million) or more since its establishment will be able to issue multiple voting shares with multiple voting rights per share in Korea under new regulations, effective on November 7, as announced by the Korean government on Monday.The multiple voting shares will be immediately converted into common shares if the company is notified of exclusion from the disclosure requirement.The Ministry of SMEs and Startups announced on Monday that a legislative notice will be in place for the amendment to the enforcement decree of the law governing venture firms for 42 days, starting from October 2.

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