Kim Jong-ho, Kibo Chairman, Visits Eco-friendly Company Successful in Recovery

Listening to Corporate Difficulties... Discussing Support Measures for Business Recovery

Kim Jong-ho, Chairman of Kibo (right), is visiting the site of an eco-friendly company that has successfully made a comeback.

[Asia Economy Reporter Kim Cheol-hyun] The Korea Technology Finance Corporation (Kibo) announced that Chairman Kim Jong-ho visited DIT Green (CEO Park Soon-yong) located in Jincheon-gun, Chungbuk, on the afternoon of the 7th to listen to the difficulties faced by a re-challenging company that overcame failure and to discuss support measures.

DIT Green is an eco-friendly company producing 'flame-retardant fabric for mattresses' and 'sound-absorbing materials made from recycled waste.' It won the grand prize at the 2nd Re-challenge Support Story Contest hosted by Kibo. Although it faced liquidity difficulties due to a factory fire in 2017, based on the CEO's determination to restart and technological capabilities, the company completed corporate rehabilitation early and succeeded in re-challenging through Kibo's re-challenge support program.

Chairman Kim said, "Failure and re-challenge are normal phenomena in the startup ecosystem, and Kibo will provide timely customized re-challenge guarantees to ensure that honest failures of small and medium venture entrepreneurs become the foundation for a new leap."

He then toured the production line and delivered an encouraging message, saying, "I hope you grow into a global company as an eco-friendly company with secured technological capabilities."

Kibo operates customized re-challenge support programs, including the re-challenge support guarantee that reduces existing debts by up to 75% and supports new guarantees up to 3 billion KRW, and supported a total of 30.5 billion KRW for 191 companies last year.

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