Kibo Spreads Technology Evaluation Know-How Overseas Despite COVID-19 Challenges

'Technology Evaluation System' Spreads to Colombia on the Other Side of the Earth

Daniel Gomez Gaviria, Deputy Minister of National Planning of Colombia (fifth from the left), who visited the Korea Technology Finance Corporation, is taking a commemorative photo with Cho Gyu-dae, Executive Director of the Korea Technology Finance Corporation (fifth from the right), and other officials.

[Asia Economy Reporter Kim Cheol-hyun] The Korea Technology Finance Corporation (Chairman Kim Jong-ho, hereinafter Kibo) announced on the 11th that it shared its technology evaluation know-how by introducing Kibo's technology evaluation system and technology finance techniques to a delegation led by the Vice Minister of the National Planning Department of Colombia.

This seminar was arranged when Daniel Gomez Gaviria, Vice Minister of the National Planning Department of Colombia, who visited Korea as part of the Colombian Vice President's official visit delegation, visited Kibo to share support systems for small and medium enterprises related to his country's national development plan policies and institutional development, and to discuss future cooperation plans.

Since the Free Trade Agreement (FTA) between Colombia and Korea came into effect in 2016, trade and investment have been continuously expanding, making Colombia a key trade partner showing the fastest economic growth in Latin America.

Kibo explained to the Colombian National Planning Department delegation the composition principles and model structures of its proprietary technology evaluation system, 'KTRS,' and provided detailed guidance on how Kibo's evaluation system is applied in practical assessments through evaluation case studies.

Since 2015, Kibo has transferred its technology evaluation system to developing countries such as Thailand, Vietnam, and Peru through the Ministry of Strategy and Finance's Economic Development Experience Sharing Program, and notably, it is the only non-European country participating in the European Union-supported project to establish a European-style technology evaluation service platform.

Jo Gyu-dae, Executive Director of Kibo, said, "Kibo's technology evaluation system is recognized for its excellence not only domestically but also overseas and is being disseminated worldwide," adding, "We hope that through this seminar, Kibo's technology evaluation system and technology finance know-how will help the Colombian government foster technology-based small and medium enterprises."

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