Jungjingong, Four-Party Venture Powerhouse Business Agreement... "Promoting Scale-Up"

Panoramic View of the Small and Medium Business Corporation

[Asia Economy Reporter Kim Daeseop] The Small and Medium Business Corporation announced on the 23rd that it has signed a four-party business agreement to establish an ecosystem for the four major venture powerhouses.

The signing ceremony was attended by the Korea Technology Finance Corporation, Korea Venture Investment Corp, and the Korea Venture Capital Association. The Small and Medium Business Corporation agreed to actively cooperate with these institutions in ▲discovering and mutually recommending promising venture companies and prospective unicorns ▲providing linked support in areas such as loans, guarantees, joint investments, and overseas expansion ▲and linked investments supporting startups with no prior investment history.

The Small and Medium Business Corporation will provide linked support including corporate diagnosis, policy funds, overseas expansion, and export marketing projects for venture companies and prospective unicorn companies recommended by each institution.

Additionally, for innovative startups that have received early-stage investments recognized for business competitiveness from Korea Venture Investment Corp, it plans to promote corporate scale-up by matching investments through combined investment and loan financing (growth-sharing loans).

Kim Hakdo, Chairman of the Small and Medium Business Corporation, said, "Through this business agreement, we expect that by strengthening sharing and cooperation with specialized institutions in each field and providing linked support in a relay format, Korean unicorn companies will be able to grow more efficiently."

This content was produced with the assistance of AI translation services.