Gibo Supports Regional Balanced New Deal to Foster Daegu City's Key Local Industries

Daegu City, Daegyeong Small and Medium Business Administration, Daegu Bank, and Daegu Technopark Sign Business Agreement

(From left) Kwon Dae-su, Director of Daegu Technopark; Jung Yoon-mo, Chairman of Kibo; Hong Ui-rak, Deputy Mayor for Economic Affairs of Daegu Metropolitan City; Lim Sung-hoon, President of Daegu Bank; Kim Han-sik, Director of Daegu-Gyeongbuk Small and Medium Business Administration, are posing for a commemorative photo after the signing ceremony.

[Asia Economy Reporter Kim Cheol-hyun] The Korea Technology Finance Corporation (Chairman Jung Yoon-mo, hereinafter referred to as Kibo) announced on the 29th that it signed a 'Daegu Metropolitan City Regional Balanced New Deal Enterprise Support Public-Private Joint Business Agreement' with Daegu Metropolitan City Hall, Daegu-Gyeongbuk Regional Small and Medium Venture Business Administration (Daegyeong SMBA), Daegu Bank, and Daegu Technopark to support the growth of Daegu-type New Deal industries.

This agreement establishes a comprehensive support system by linking local governments, government ministries, regional financial institutions, and public institutions to ensure the success of the regional balanced New Deal project and the Daegu-type New Deal plan through fostering local key industries and supporting innovative growth. Kibo, Daegu City, and Daegu Bank will create a financial support foundation for small and medium enterprises engaged in local key industries based on guarantee agreements, while Daegyeong SMBA and Daegu Technopark plan to support the innovative growth of SMEs through government policy project linkage and joint utilization of research and development equipment.

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

Kibo has established the 'Korean New Deal Technology Guarantee Support System' to promote the innovative growth of SMEs related to the Korean New Deal, including the Digital New Deal, Green New Deal, and social safety net reinforcement. It is taking the lead in active support by preparing various guarantee systems such as preferential guarantees for non-face-to-face and digital companies, green guarantees, and safety infrastructure guarantees.

Chairman Jung Yoon-mo of Kibo said, "Through this agreement, we expect to promptly provide funds to companies engaged in Daegu City's key industries and further contribute to the success of the Daegu-type New Deal, which is a 'citizen-centered, carbon-neutral healthy city,' and the economic development of the Daegu region." He added, "Following the regional balanced New Deal agreement with Gwangju Metropolitan City and others on the 18th, Kibo will continue to expand agreements with local governments to actively support more guarantees for technology SMEs engaged in regional balanced New Deal industries."

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