Chairman Jeong Yun-mo of Kibo Reviews Support Status for Companies Affected by COVID-19

Nationwide Sales Field Meetings Held by 9 Regional Headquarters

[Asia Economy Reporter Kim Cheol-hyun] The Korea Technology Finance Corporation (Kibo) announced that Chairman Jeong Yun-mo held a field meeting on the 24th at the Gyeongnam-Ulsan Regional Headquarters in Changwon, Gyeongnam, to assess the situation of companies affected by COVID-19 and review support measures.

Starting with the Busan Regional Headquarters on the 4th, Chairman Jeong has been visiting nine regional headquarters nationwide sequentially to identify difficulties and suggestions from small and medium-sized enterprises (SMEs) struggling due to the prolonged COVID-19 pandemic and to gather on-site opinions.

Kibo provided new guarantees amounting to 7.8 trillion KRW last year, double the original guarantee support target of 4 trillion KRW, to support small business owners and SMEs affected by COVID-19. In the first half of this year, it plans to actively support the normalization of affected companies' management by expanding new guarantees, including special guarantees worth 900 billion KRW.

Kibo has selected key tasks for this year to lay the foundation for the growth of innovative companies that will lead the Korean economy post-COVID-19, including support for the Korean New Deal sectors, activation of technology transfer and protection, and playing a leading role in the carbon neutrality sector. Chairman Jeong stated, "As the economic downturn caused by COVID-19 prolongs, we will focus on expanding practical support so that small business owners and SMEs experiencing increasing difficulties can feel the effects."

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