Kibo, Establishes 'Daejeon Munhwa Contents Finance Center'

Providing Total Services from Guarantees to Consulting for Cultural Content Companies in the Central Region

[Asia Economy Reporter Kim Cheol-hyun] The Korea Technology Finance Corporation (Chairman Jung Yoon-mo, hereinafter referred to as Kibo) announced on the 17th that it has established the Daejeon Cultural Contents Finance Center (hereinafter referred to as the Daejeon Center) to facilitate financial support for cultural content companies in Daejeon Metropolitan City as well as the Chungcheong and Honam regions.

The Daejeon Center plans to expand support for the cultural content sector in the Chungcheong and Honam regions by providing total services for companies, ranging from financial support to consulting, and managing the entire content production process to increase the likelihood of success.

Furthermore, it is expected that the comprehensive support for cultural content companies in the Chungcheong and Honam regions, as well as the decentralization of cultural content industry infrastructure concentrated in the metropolitan area to local regions, will have a significant effect on revitalizing the regional content industry.

The cultural content industry, although smaller in scale compared to manufacturing, is gaining attention as the "flower of the Digital New Deal" due to its high added value and economic ripple effects such as job creation. Kibo has established and operates centers in Seoul, Gyeonggi, and Busan to efficiently support various content industries such as games, movies, and performances through the Cultural Contents Finance Centers.

Through the Cultural Contents Finance Centers, Kibo has supported 755.1 billion KRW in cultural industry completion guarantees for 1,380 content projects over more than 10 years until 2020. With the establishment of the Daejeon Center, an efficient support system has been built by dividing the country into three major regions.

Jung Yoon-mo, Chairman of Kibo, stated, "Kibo will do its best to fulfill its role as a comprehensive support institution for the activation of K-content and the realization of a cultural powerhouse, so that regional content companies can grow into unicorn companies in the future."

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