Kibo Holds Management Strategy Workshop for Post-Corona Response
Providing 12.7 Trillion Won in Guarantees in the First Half to Support Innovation Growth of Technology and Venture Companies
[Asia Economy Reporter Kim Cheol-hyun] The Korea Technology Finance Corporation (Chairman Jung Yoon-mo, hereinafter referred to as Kibo) announced on the 22nd that it held a management strategy workshop at its headquarters in Munhyeon-dong, Busan, attended by executives, department heads at the headquarters, and branch managers, to strengthen support capabilities for venture and unicorn companies leading the post-COVID-19 era.
This workshop was organized to review the support achievements for small and venture companies so far and to explore Kibo's policy direction as a public institution for building a smart Korea through a major transition to the digital economy. In the first half of this year, Kibo supplied a total of 12.7 trillion won in guarantees focusing on key support areas such as overcoming the COVID-19 economic crisis and supporting technology startups, thereby supporting the innovative growth of technology and venture companies. In particular, it implemented a 1.5 trillion won scale support program for companies affected by COVID-19, playing a leading role in enabling affected companies to focus on economic activities.
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In the second half of the year, Kibo plans to concentrate its capabilities on early overcoming of the economic crisis through non-face-to-face digital preferential guarantees and COVID-19 special guarantees, as well as promoting the Korean New Deal project. Additionally, it will prepare innovative measures for its core business, the technology evaluation project, to promote external opening of technology evaluation information and establish a smart financial support system based on artificial intelligence (AI) and big data. Chairman Jung Yoon-mo stated, "In the second half of the year, we will continue to lead the realization of the four major venture powerhouse countries and the construction of a smart Korea as a comprehensive support institution for venture innovation."
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