Gibo Introduces Safety Infrastructure Guarantee for Industrial Safety Innovation

Establishing a Customized Support System for Industrial Safety Innovation for Small and Medium Enterprises and Elderly Workers

[Asia Economy Reporter Kim Cheolhyun] The Korea Technology Finance Corporation (Chairman Jung Yunmo, hereinafter Kibo) announced on the 10th that it signed a "Business Agreement to Establish a Customized Support System for Industrial Safety Innovation for Small and Medium Enterprises and Elderly Workers" with Busan Metropolitan City, Busan Bank, Korea Occupational Safety and Health Agency, and Korea Industrial Complex Corporation, and introduced the Safety Infrastructure Guarantee. This agreement was prepared to contribute to industrial safety innovation by bringing together related organizations in response to the recent increase in safety accidents in small and medium enterprises and the growing social demand for safety accident prevention measures for workers and elderly employees in SMEs.

Through this agreement, Kibo will support safety infrastructure guarantees for safety-vulnerable and excellent companies, recommend companies requiring risk assessment consulting to the Occupational Safety and Health Agency, and the Occupational Safety and Health Agency will recommend guarantee-supported companies to Kibo and provide free risk assessment consulting to companies recommended by Kibo. Busan City will support interest for guarantee-supported companies, Busan Bank will support guarantee fees to alleviate the financial burden on companies, and Korea Industrial Complex Corporation will recommend companies eligible for guarantees, thereby jointly realizing the social value of raising awareness of safety management and improving safety levels in SMEs.

Since May last year, Kibo has supported preferential guarantees worth 79.4 billion KRW for safety-excellent companies to improve the safety and health levels of SMEs, and through this agreement, it introduced the Safety Infrastructure Guarantee, which expands the guarantee support target to safety-vulnerable companies. The Safety Infrastructure Guarantee is a safety-dedicated guarantee product that supports funds required for accident prevention and industrial safety innovation, such as replacing outdated facilities, introducing safety equipment, and hiring safety professionals. It plans to expand support in the safety field to 100 billion KRW with preferential conditions that increase the guarantee ratio up to 100% and reduce guarantee fees by 0.2 percentage points.

Director Kim Youngchun of Kibo stated, "This agreement is expected to greatly contribute to improving the industrial safety environment of SMEs through the establishment of a customized support system with related organizations," and added, "Kibo will continue to actively strive to realize social value through the spread of safety management in SMEs."

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