Kibo and Design Promotion Institute Join Hands to Support the Design Industry

Goal to Establish a Comprehensive Support System for Promising Design Specialized Companies

(From left) Yoon Sang-heum, President of Korea Institute of Design Promotion, and Jung Yoon-mo, Chairman of 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 Jung Yoon-mo, hereinafter Kibo) announced on the 16th that it signed a 'Comprehensive Business Agreement to Support Design Specialized and Manufacturing Companies' with the Korea Institute of Design Promotion (Director Yoon Sang-heum) at the Korea Design Center in Seongnam-si, Gyeonggi-do, and will actively support the innovative growth of design specialized companies and design-related manufacturing companies.

According to the agreement, the Design Promotion Institute will promote securing resources such as special contributions for Kibo's preferential financial support and discover design specialized companies and design-related manufacturing companies with excellent technological capabilities to recommend them to Kibo.

Kibo will comprehensively provide non-financial support such as technology finance, technology transfer, and commercialization to the companies recommended by the Promotion Institute, and support preferential guarantees or guarantee fees and evaluation fees to reduce the financial costs of the recommended companies.

Both organizations agreed to jointly promote investment and evaluation-related projects for design specialized companies and design-related manufacturing companies and actively cooperate in information sharing and network building for supported companies.

Based on over 30 years of accumulated technology evaluation know-how, Kibo has established a technology evaluation system for specialized design industries and supports technology finance, especially taking the lead in actively supporting design-centered social enterprises and companies expanding overseas.

Jung Yoon-mo, Chairman of Kibo, said, "Through this business agreement, we hope to establish a collaborative system to comprehensively support promising design specialized companies and design-related manufacturing companies with excellent technological capabilities and growth potential." He added, "Kibo will continue to strive to actively support the innovative growth of small and medium-sized venture companies with excellent technological capabilities through collaboration with more small business support organizations."

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