Kibo Introduces Technology Evaluation Know-How to the World Bank
Discussion on Mutual Cooperation Plans Utilizing Advanced Technology Finance Techniques
The World Bank Seoul Financial Innovation Center delegation (left in the photo) and Kibo employees are discussing mutual cooperation plans for financial support systems.
View original image[Asia Economy Reporter Kim Cheol-hyun] The Korea Technology Finance Corporation (Chairman Kim Jong-ho, hereinafter Kibo) announced on the 22nd that it introduced its technology evaluation know-how and discussed mutual cooperation measures with the World Bank Seoul Financial Innovation Center delegation at its headquarters in Busan.
This meeting was arranged when Stuart Ikona, the newly appointed head of the World Bank Seoul Financial Innovation Center, visited Kibo with his staff to understand Kibo's technology evaluation and technology finance techniques, which have attracted attention from Asia, Europe, and around the world.
The World Bank is an international financial institution that provides funding to developing countries. The Seoul Financial Innovation Center was established in June 2012 in Songdo, Incheon, with the purpose of providing financial innovation policies and knowledge-sharing programs for Southeast Asian and Pacific countries.
Kibo explained to the World Bank Seoul Financial Innovation Center staff the principles of the unique technology evaluation system KTRS (Kibo Technology Rating System), the structure of each model, and introduced cases of overseas dissemination of the evaluation system. They then shared information on SME financial support systems and agreed to review the applicability of Kibo's technology finance techniques to Asia-Pacific countries.
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Jong-bae Lee, 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, "Through this consultation with the World Bank, we hope that Kibo's technology evaluation system and technology finance know-how will help foster technology SMEs globally."
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