Gibo-Seoul City-KEISA, Business Agreement to Promote Renewable Energy Projects

Support for Innovative Growth of Renewable Energy Companies

[Asia Economy Reporter Kim Cheol-hyun] The Korea Technology Finance Corporation (Chairman Kim Jong-ho, hereinafter referred to as Kibo) announced on the 20th that it signed a business agreement with the Seoul Metropolitan Government's Climate and Environment Headquarters and the Korea Electric Power Industry Small and Medium Business Association (Chairman Kim Ji-gon, hereinafter KEISA) to "promote Seoul's renewable energy projects and support the innovative growth of renewable energy companies."

This agreement was established to promote the continuous expansion of Seoul's renewable energy projects by building an organic cooperation system among Kibo, Seoul City, and KEISA, and to foster the innovative growth of excellent small and medium enterprises through comprehensive support such as technology evaluation and guarantees. KEISA is the leading private organization representing small and medium enterprises in the domestic power and energy sectors.

According to the agreement, Seoul City will provide administrative support for the expansion of renewable energy distribution and the development of related industries. KEISA will discover outstanding small and medium enterprises engaged in renewable energy projects and recommend them to Kibo, which will then provide comprehensive support including ▲technology evaluation ▲customized guarantee support ▲direct investment ▲technology transfer. Going forward, Kibo, Seoul City, and KEISA plan to actively cooperate to develop and revitalize renewable energy projects.

Lee Ui-jang, Head of Kibo, said, "Kibo operates various support systems for small and medium venture companies, such as technology evaluation, customized guarantee support, and direct investment," adding, "Through public-private collaborative projects, we will actively cooperate so that Seoul City can take a step further in achieving carbon neutrality and renewable energy companies can also develop further."

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