Kibo Selected as an Excellent Institution in the Board of Audit and Inspection's Internal Audit Activity Evaluation

Recognition of Achievements in Supporting Proactive Administration and Establishing a Non-Face-to-Face Audit System

Jang Se-hong, Standing Director of the Korea Technology Finance Corporation (second from the right), is taking a commemorative photo with the staff of the Kibo Audit Office after the awards ceremony.

[Asia Economy Reporter Kim Cheol-hyun] The Korea Technology Finance Corporation (Chairman Kim Jong-ho, hereinafter referred to as Kibo) announced on the 6th that it was selected as an excellent institution in the self-audit activity evaluation results announced by the Board of Audit and Inspection.

The self-audit activity evaluation is a system in which the Board of Audit and Inspection evaluates the audit activities conducted by 667 institutions, including central administrative agencies, local governments, public enterprises, and quasi-governmental institutions, by applying 24 evaluation indicators in four areas: audit infrastructure, audit activities, audit performance, and follow-up management.

In the previous year's audit activities, Kibo achieved various results such as strengthening support for proactive administration through on-site discretionary exemption and the internal counsel system, as well as establishing a non-face-to-face audit system to respond to the COVID-19 crisis, and was evaluated as the highest grade among 667 institutions.

This year, Kibo is encouraging proactive work processing by expanding exemptions for special guarantees supported during the COVID-19 crisis, and is promoting innovative audit activities such as upgrading the audit system through digitalization of internal audit tasks and introducing digital forensic audit techniques in preparation for the With-Corona era.

Jang Se-hong, Kibo's Standing Auditor, said, "Going forward, Kibo will continue to strengthen support for proactive administration and promote audit activities focused on preventive measures to become a public institution more trusted by the people, and will do its best efforts."

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