[Background]
In order to redirect funds concentrated in real estate towards more productive sectors, there is a need to strengthen the regulatory limits on real estate-related asset management for issued promissory notes, specify detailed systems to ensure that the Integrated Management Account (IMA) becomes actively used as a corporate financing tool for investment firms and a new investment product for investors, and enhance the venture capital supply function of investment firms to support innovative economic growth.

[Regulatory Content]

- Lower the real estate-related asset management limit for the funds raised through issued promissory notes from the current 30% to 10%.
- Mandate a 5% seeding investment requirement.
- Require regular notification of management details.
- Specify the criteria for loss reserves.
- Introduce an obligation to supply domestic venture capital equivalent to 25% of the total assets managed by investment firms through issued promissory notes and IMA.