KAMCO, Financial Support for SMEs Paying National Taxes in Kind

[Asia Economy Reporter Kwon Haeyoung] Korea Asset Management Corporation (KAMCO) will hold the 1st Unlisted Securities Management Committee on the 20th to select policy fund support recommendation target companies that have paid in-kind contributions through deliberation.

For the selected in-kind contribution companies, KAMCO will issue a policy fund support recommendation letter for restructuring purposes, and the Small and Medium Business Corporation will decide on funding support through company evaluation.

Even after this financial support, KAMCO plans to continue close cooperation with related organizations to support the management stability of in-kind contribution companies pressured by lack of funds at the business succession stage, enhance corporate value, and continuously contribute to increasing national treasury revenue.

In addition, on this day, KAMCO pledges anti-corruption and integrity through the 'Integrity Pledge' to ensure fairness in the national tax in-kind contribution company support project and establish a culture of integrity, promising fair and transparent business handling.

Hong Young, Head of KAMCO's National Property Headquarters, said, "We hope this financial support will help stabilize the management and sustainable growth of national tax in-kind contribution companies facing financial difficulties," and added, "We will actively resolve difficulties of in-kind contribution companies through organic cooperation with partner organizations and strive to ensure the government's unlisted stock in-kind contribution system improvement measures are well established."

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