Korea Development Bank Launches 'IP-Plus Guaranteed Loan' to Promote Intellectual Property Finance
Supporting Sustainable Growth of Technologically Excellent Innovative Companies with Additional Operating Funds
Contributing to the Revitalization of the Intellectual Property Finance Market as the Nation's Largest IP Finance Leading Institution
[Asia Economy Reporter Kangwook Cho] Korea Development Bank (KDB) announced on the 3rd that it will launch the 'IP-Plus Guaranteed Loan' in cooperation with the Korea Credit Guarantee Fund to support financing for small and medium-sized enterprises (SMEs) possessing excellent intellectual property (IP).
This loan product targets SMEs currently using KDB's IP-backed loans, where the Credit Guarantee Fund issues guarantees, and KDB provides additional working capital support up to 1.1 billion KRW per company within 50% of the IP-backed loan amount.
The significance of this product launch lies in enabling additional funding support for technology-excellent SMEs that have received IP-backed loans.
Since 2012, KDB has been pioneering the financial market utilizing intellectual property and intangible assets, including IP funds and patent valuation funds, brand securitization using intangible assets, and music copyright securitization to promote the Korean Wave culture. It launched the nation's first IP-backed loan product in September 2013 and has played a leading role in domestic IP finance by supporting 163 billion KRW in 2017, 242.2 billion KRW in 2018, and 264.7 billion KRW in 2019.
In particular, with the launch of this new product, KDB can now provide comprehensive support for IP finance through 'IP-backed loans,' 'IP-guaranteed loans,' and 'IP-Plus Guaranteed Loans.'
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Jang Byung-don, Vice President of KDB's Innovation Growth Finance Division, stated, "The purpose of launching the 'IP-Plus Guaranteed Loan' in cooperation with the Credit Guarantee Fund is to actively support growth financing for technology-excellent SMEs," adding, "As a policy financial institution that has pioneered technology finance, KDB aims to fulfill its social responsibility and hopes to contribute to seeking new directions in finance beyond the conventional real estate collateral-based financial support practices."
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