Kibo Signs Business Agreement with Korea Venture Investment for Comprehensive Financial Support

Support for Scale-up of Venture and Startup Companies

[Asia Economy Reporter Kim Cheol-hyun] The Korea Technology Finance Corporation (Chairman Kim Jong-ho, hereinafter referred to as Kibo) announced on the 4th that it has signed a business agreement with Korea Venture Investment Corp. (CEO Lee Young-min, hereinafter referred to as KVIC) to support combined financing of technology guarantees and venture investments.

This agreement was established to build a combined financing support system for technology-based venture and startup companies by combining Kibo's technology evaluation function with KVIC's investment capabilities.

In particular, the investment method under this agreement is the 'Simple Agreement for Future Equity (SAFE)' method, which invests first without determining the corporate value of early-stage companies, allowing the corporate valuation process for target companies to be omitted, thereby enabling rapid investment in early-stage startups.

According to this agreement, Kibo will mutually recommend outstanding technology companies among guaranteed companies, and KVIC will recommend small-scale investment companies and local companies among the fund-of-funds investment companies. Both institutions plan to create synergy through follow-up linked support for these companies.

Kim Jong-ho, Chairman of Kibo, said, "This business agreement between Kibo and Korea Venture Investment is meaningful in supporting the scale-up of venture and startup companies through combined financing support of technology guarantees and venture investments." He added, "Going forward, Kibo will continue to strengthen its public investment function to play its role in the blind spots of the private investment market."

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