Gibo Supports Regional Balanced New Deal with Gwangju City, Gwangju Jeonnam Small and Medium Business Administration, and Gwangju Bank

Signing of Public-Private Joint Agreement to Foster Regional Key Industries

(From left) Lee Chun-woo, Vice President of Gwangju Bank; Jung Yoon-mo, Chairman of Kibo; Lee Yong-seop, Mayor of Gwangju Metropolitan City; Jang Dae-gyo, Director of Gwangju-Jeonnam Regional Small and Medium Business Administration, are taking a commemorative photo after the business agreement ceremony.

[Asia Economy Reporter Kim Cheol-hyun] The Korea Technology Finance Corporation (Chairman Jeong Yun-mo, hereinafter Kibo) announced on the 18th that it signed a 'Regional Balanced New Deal Related Agencies Business Agreement for Fostering Regional Key Industries in Gwangju Metropolitan City' with Gwangju Metropolitan City, Gwangju-Jeonnam Regional Small and Medium Venture Business Administration, and Gwangju Bank.

This agreement is a collaboration between government ministries, local governments, public institutions, and financial institutions to ensure the successful establishment of a local government-led regional balanced New Deal project. Kibo, Gwangju City, and Gwangju Bank will establish an active funding support base for small and medium enterprises engaged in regional key industries based on the agreement guarantee, and the Gwangju-Jeonnam SME Administration plans to support the innovative growth of small and medium enterprises engaged in Gwangju's key industries through government policy-linked support.

According to the agreement, Kibo will cooperate with Gwangju Bank to provide preferential measures such as ▲increasing the guarantee ratio (85%→100%) ▲reducing guarantee fees (0.2% point↓), supporting a total of 20 billion KRW in agreement guarantees with a maximum limit of 1 billion KRW per company.

Kibo has established the 'Korean New Deal Technology Guarantee Support System' and prepared various guarantee systems to actively support the innovative growth of small and medium enterprises related to the Korean New Deal. Chairman Jeong Yun-mo of Kibo said, "We hope that this agreement will lead to rapid funding support and innovative growth for small and medium enterprises engaged in regional key industries," adding, "Kibo will continue to actively strive to provide more guarantees to technology-based small and medium enterprises engaged in the Korean New Deal, including the Digital New Deal, Green New Deal, and Regional Balanced New Deal."

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