Kim Jong-ho, Chairman of Kibo, "Focusing Capabilities on Supporting Small and Medium Venture Businesses"
Held Employee Integrity Practice Resolution Meeting... Pledged to Establish as a Trusted Institution
[Asia Economy Reporter Kim Cheol-hyun] Kim Jong-ho, Chairman of the Korea Technology Finance Corporation (hereinafter Kibo), emphasized that this year he will not be complacent with past achievements but will focus more on Kibo's core role in supporting small and medium venture businesses.
On the 3rd, Chairman Kim stated in his 2022 New Year's address, "The prolonged COVID-19 pandemic has accelerated the transition to a non-face-to-face and digital era, and carbon neutrality has emerged as a pressing issue due to the global climate crisis."
Accordingly, Kibo plans to expand technology guarantees mainly for innovative growth industries and alleviate the repayment burden of companies affected by the COVID-19 crisis to help overcome economic challenges and restore economic vitality. It will also promote solidifying its status as a specialized technology evaluation institution by supporting research and development, IP (intellectual property) commercialization, and advancing an AI-based technology evaluation system.
In addition, Kibo plans to create a startup investment environment in cooperation with the private sector, strengthen public investment functions, and support scale-up of innovative companies through a unicorn company nurturing program. Establishing an ESG (environment, social, governance) management system in collaboration with companies will also be a core project, including climate response guarantee support based on carbon value evaluation and expanding preferential support programs for social venture companies.
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Furthermore, at the 2022 opening ceremony, Chairman Kim held a pledge event for integrity practice, emphasizing that all executives and employees should apply stricter standards to themselves and perform the fair role of the fund in line with the public's expectations. As a practical measure, Kibo decided to establish transparent processes across all tasks including technology evaluation and guarantee screening, strengthen integrity education, improve the audit system, and implement comprehensive anti-corruption activities.
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