Busan Bank and Korea Technology Finance Corporation Sign Business Agreement to Promote Intellectual Property Finance

[Asia Economy Yeongnam Reporting Headquarters Reporter Kang Woo-kwon] BNK Busan Bank announced on the 12th that it has signed a 'Regional Banks' Intellectual Property (IP) Finance Activation Business Agreement' with the Korea Technology Finance Corporation to revitalize intellectual property (IP) finance.

Through this agreement, Busan Bank will provide the 'IP Fast Agreement Guaranteed Loan' secured by guarantees issued by the Korea Technology Finance Corporation and will fully support the technology valuation fees.

The Korea Technology Finance Corporation will quickly conduct technology value evaluations using an AI-based patent evaluation system for patents held by companies, implement IP guarantees, and offer a preferential guarantee fee rate reduction of at least 0.30 percentage points.

The support target is companies that commercialize patents within 7 years from the patent registration date and have received IP guarantees issued by the Korea Technology Finance Corporation based on technology guarantees. The loan limit is up to 300 million KRW per patent held by the company.

Son Dae-jin, Head of Credit Sales Division at Busan Bank, said, "We hope this agreement will serve as an opportunity to expand IP finance, which has been concentrated in the metropolitan area, to regional areas, and we expect it to be a catalyst for companies with excellent technology and high future growth potential to grow solely based on their technological capabilities."

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