New Release Partners with Korea Creative Content Agency to Introduce 'Content IP Guarantee'

Discovering Promising Content IP Companies
Driving High-Value Creation in the Content Industry through Support for Content IP Utilization

[Asia Economy Reporter Kim Min-young] The Korea Credit Guarantee Fund announced on the 7th that it will operate the ‘Content IP Guarantee’ in collaboration with the Korea Creative Content Agency to support small and medium-sized enterprises (SMEs) that utilize cultural content intellectual property (IP) to expand into various industrial sectors.

The Content IP Guarantee is a guarantee product that supports commercialization funds* required for producing licensed products or providing services using content-related intellectual property.

The support targets companies that own content-related intellectual property or have signed usage contracts with IP rights holders and are currently pursuing or planning to pursue business in the content field and related industries.

The Korea Creative Content Agency forms a recommendation committee consisting of content evaluators and legal experts to recommend target companies to the Korea Credit Guarantee Fund, which then conducts screenings of the recommended companies and provides preferential support such as guarantee limits (within sales range), guarantee ratio (90%), and guarantee fees (up to 0.9% or less).

A representative from the Korea Credit Guarantee Fund stated, “With the launch of the Content IP Guarantee, we can systematically support promising content companies based on intellectual property,” adding, “We will actively support the small and medium content industry, which is struggling due to the impact of the novel coronavirus disease (COVID-19), and strive to expand the foundation of Korean content based on intellectual property.”

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