Jungjingong Introduces 'ZERO-TACT' Non-Face-to-Face Evaluation Model for Policy Funds

Establishing a Non-Face-to-Face Evaluation Model Focused on Future Growth Potential... Full-Scale Operation Starting in April

Chairman Kim Hak-do is demonstrating the non-face-to-face policy fund evaluation model (ZERO-TACT) at the Seoul Regional Headquarters of the Small and Medium Business Corporation on the afternoon of the 1st.

[Asia Economy Reporter Kim Cheol-hyun] The Ministry of SMEs and Startups (Minister Kwon Chil-seung) and the Small and Medium Business Corporation (Chairman Kim Hak-do, hereinafter referred to as SBC) announced on the 1st that they will officially introduce the non-face-to-face evaluation model 'ZERO-TACT' and realize the digitalization of the policy finance support process.

ZERO-TACT is a non-face-to-face evaluation model focused on future growth potential. SBC implemented a digital-based policy fund support evaluation system by combining a technology business feasibility evaluation model based on data from 50,549 companies evaluated for policy funds and an artificial intelligence (AI) evaluation model utilizing data from 170,000 internal and 5.4 million external companies.

Chairman Kim Hak-do demonstrated the non-face-to-face evaluation using ZERO-TACT directly at the Seoul Regional Headquarters on the same day. Chairman Kim said, "SBC is reorganizing all procedures from policy fund consultation to company diagnosis and evaluation for SMEs and startups to be non-face-to-face centered," adding, "We will expand accessibility to policy finance through simplification of support procedures and rapid fund support."

Since September last year, SBC has been conducting pilot non-face-to-face evaluations based on relational finance for companies that have used policy funds. Subsequently, from April this year, the scope of non-face-to-face evaluation funds was expanded from startup funds and new growth foundation funds to emergency management stabilization funds and new market entry support funds.

With the completion of the development of the non-face-to-face evaluation model, including the establishment of a non-face-to-face rating system, full-scale operation began in April. The non-face-to-face evaluation target was expanded to include first-step companies using policy funds for the first time with working capital of 100 million KRW or less. Through this, companies applying for policy funds are expected to significantly reduce the burden of preparing documents and on-site inspections and enable faster fund support.

If an applying company falls short of the ZERO-TACT evaluation criteria, it will be converted to a general evaluation, allowing additional supplementation of production and research and development status for evaluation. Policy fund applications can be made on the SBC website.

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