Kibo, Korean Patent Attorneys Association, and Korea Invention Promotion Association Collaborate to Revitalize Technology Trading Market

Promoting Open Innovation for SMEs through Expansion of Technology Transfer Infrastructure

(From left) Ko Jun-ho, Vice Chairman of the Korea Invention Promotion Association, Hong Jang-won, President of the Korean Patent Attorneys Association, Kim Yong-rae, Commissioner of the Korean Intellectual Property Office, and Jung Yoon-mo, Chairman of the Korea Technology Finance Corporation, are taking a commemorative photo after the signing ceremony.

[Asia Economy Reporter Kim Cheol-hyun] The Korea Technology Finance Corporation (Chairman Jeong Yun-mo, hereinafter referred to as Kibo) announced on the 7th that it has signed a business agreement with the Korean Patent Attorneys Association (President Hong Jang-won) and the Korea Invention Promotion Association (President Kwon Oh-hyun) to "promote open technology innovation for small and medium enterprises and revitalize the technology transaction market."

Through this agreement, Kibo plans to collaborate with related organizations involved in demand discovery, technology transactions, technology trusts, and intellectual property mutual aid, and to promote the expansion of technology transaction infrastructure by sharing technology demand and supply information among institutions.

To revitalize technology transactions, Kibo has built the nation's first online-offline integrated technology transaction system based on the technology demand of small and medium enterprises since 2014, driving open innovation growth for SMEs. Additionally, to protect SME technologies, since 2019, Kibo has implemented technology trusts, technology deposits, technology transaction registrations, and intellectual property mutual aid to create a fair technology transaction ecosystem where SMEs can trade technologies at fair value without fear of technology theft.

The Ministry of SMEs and Startups established the legal basis for the open technology innovation support project for SMEs through the revision of the "Small and Medium Enterprise Technology Innovation Promotion Act" in April this year, and plans to establish and implement detailed promotion plans to revitalize the technology transaction market in cooperation with Kibo, the executing agency.

Jeong Yun-mo, Chairman of Kibo, said, "This agreement is meaningful in sharing Kibo's technology transaction infrastructure and information and collaborating with related organizations to activate technology transactions and technology protection for SMEs," adding, "Going forward, Kibo will actively strive to enhance SMEs' technological competitiveness and contribute to open technology innovation by strengthening cooperation with various public and private institutions."

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