Financial Services Commission Designates 6 Companies Including Ebest Investment & Securities as Specialized Financial Firms for SMEs

[Asia Economy Reporter Park Jihwan] The Financial Services Commission announced on the 3rd that six securities firms?Eugene Investment & Securities, Ebest Investment & Securities, Korea Asset Investment Securities, Kiwoom Securities, IBK Investment & Securities, and SK Securities?have been designated as financial investment companies specialized in small and medium enterprises (SMEs).

In this selection, Yuanta Securities, which was previously included, was excluded, and Ebest Investment & Securities was newly selected in its place.

Financial investment companies specialized in SMEs are provided with incentives such as preferential selection as policy fund operators.

They receive incentives including the introduction of dedicated funds from Growth Finance and the Korea Development Bank. Additionally, they gain preferential treatment when selected as lead managers for P-CBO issuance from the Korea Credit Guarantee Fund or the Korea Technology Finance Corporation. They also receive benefits such as preferential limits, terms, and interest rates on securities-backed loans from Korea Securities Finance Corporation, along with access to various information through the Corporate Investment Information Plaza of the Industrial Bank of Korea.

Designated companies must report their corporate finance performance for SMEs and venture companies semiannually to the Financial Services Commission via the Financial Supervisory Service. The Financial Services Commission may revoke the designation of financial companies specialized in SMEs for securities firms with poor support performance for SMEs and venture companies for two consecutive periods and replace them with new companies.

The Financial Services Commission stated, "We plan to prepare various additional support measures, including allowing venture loan operations and improving performance evaluation systems, so that financial investment companies specialized in SMEs can more effectively fulfill their role in supplying venture capital to technologically capable SMEs and venture companies."

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