Korea Credit Guarantee Fund Holds IR for Investment Companies Involving SMEs in Materials, Parts, and Equipment

Participation of 6 Innovative SMEs Including Bio, ICT, and SoBuJang Companies
Supporting Follow-up Investment Attraction to Serve as a Catalyst for Investment

[Asia Economy Reporter Park Sun-mi] The Korea Credit Guarantee Fund (KODIT) announced on the 3rd that it held the ‘2020 KODIT Investee Companies IR’ event at COEX in Seoul the previous day.

This event was organized to support innovative small and medium enterprises (SMEs) invested in by KODIT to attract follow-up investments from private investors and enhance their corporate value. About 40 professional evaluators from private venture capital (VC) firms participated.

To prevent the spread of COVID-19, the event was conducted via online live streaming. Six companies recognized for their excellent technology and business potential in the bio, information and communication technology (ICT), and materials, parts, and equipment industries participated and conducted IR sessions for investors.

KODIT selects innovative SMEs with high growth potential but facing difficulties in raising funds in the private investment market, and invests in early-stage startups by acquiring stocks or bonds. As a result, as of the end of October 2020, KODIT invested a total of 315.3 billion KRW in 407 companies, among which 162 companies attracted follow-up investments worth 617.6 billion KRW.

A KODIT official stated, “KODIT plays a role as a catalyst for investment to help innovative SMEs with excellent technology and business potential grow,” adding, “In preparation for the post-COVID-19 era, we will actively strive to foster innovative SMEs through mutual cooperation between KODIT’s policy finance and private capital.”

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