Shinbo Investment Company 'Deepnoid' Enters KOSDAQ Market

[Asia Economy Reporter Kwangho Lee] The Korea Credit Guarantee Fund announced on the 18th that Deepnoid, a guarantee-linked investment company, has been listed on the KOSDAQ market.

Deepnoid, established in February 2008, is a specialized company in AI-based medical solutions. It has built Korea's first medical research AI platform through products such as DEEP:AI, an AI solution assisting medical professionals in diagnosis and interpretation; DEEP:PHI, an AI research and development tool; DEEP:STORE, a medical AI marketplace; and DEEP:PACS, a medical image storage and transmission system.

In 2017, the Korea Credit Guarantee Fund selected Deepnoid as a guarantee-linked investment company and supported an investment of 500 million KRW. Deepnoid demonstrated outstanding technological capabilities, obtaining approvals for 14 solutions last year alone. This year, it received A grades from both the Korea Health Industry Development Institute and eCredible in the technical evaluation for KOSDAQ listing, enabling its entry into the KOSDAQ market through a technology-special listing.

This listing case of Deepnoid is the second investment company listing this year, following Innodep, a video surveillance solution specialist that was listed on the KOSDAQ market in June. The Korea Credit Guarantee Fund is evaluated to have fulfilled its policy role as a catalyst investment for the growth of venture companies through the consecutive IPO successes of its investment companies, while also achieving profitability for sustainable investment.

A Korea Credit Guarantee Fund official stated, "We will continue to faithfully perform our role as a catalyst in the private investment market and do our best to help our investee companies grow into K-unicorns through convergence support for their scale-up."

Meanwhile, guarantee-linked investment is a system in which the Korea Credit Guarantee Fund directly invests by acquiring stocks or bonds of early-stage innovative SMEs that use its guarantees. Despite difficulties in fundraising in the private investment market due to COVID-19 last year, it invested 59.1 billion KRW in 62 innovative companies, and this year, it has continued support for promising growth companies by investing a total of 27.5 billion KRW in 50 companies in the first half of the year.

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