Kibo Receives 'Highest Grade' in Public Institution Win-Win Growth Evaluation

Efforts Recognized for Promoting Mutual Growth through Collaboration

[Asia Economy Reporter Kim Cheol-hyun] The Korea Technology Finance Corporation (Chairman Kim Jong-ho, hereinafter referred to as Kibo) announced on the 25th that it was selected as the highest grade in the '2021 Public Institution Win-Win Growth Evaluation' conducted by the Ministry of SMEs and Startups.

To foster a win-win growth ecosystem and spread a culture of fair economy, Kibo established an internal 'Win-Win Growth Team' and has promoted initiatives such as introducing a performance-sharing system and cooperation profit-sharing system to fairly distribute collaboration results with partner companies, supporting the reduction of the gap between large and small-medium enterprises through the establishment of comprehensive support plans for partner companies, improving payment environments for partner companies by expanding the scope of win-win payment targets, and supporting market channels for innovative products through pilot purchases and activation of public purchase guarantees.

In particular, through proactive administration, Kibo improved unreasonable internal systems and made efforts to enhance fair trade awareness among executives and employees. As a result, it ranked first among quasi-governmental institutions in a perception survey regarding relationships with partner SMEs.

The Public Institution Win-Win Growth Evaluation has been conducted annually since 2007 to induce a leading role of the public sector in win-win cooperation. It is announced in five grades by 29 private experts from academia, research, and related associations. The 2021 evaluation expanded the target to 133 institutions, including both public enterprises and quasi-governmental institutions. Among them, only 26 institutions, including Kibo, which was included for the first time, were selected as the highest grade.

Kim Jong-ho, Chairman of Kibo, said, "We will continue to support the reduction of the gap between large and small-medium enterprises through the creation of a win-win cooperation fund and sharing of welfare infrastructure possessed by public institutions, and support the smooth ESG management transition of SMEs."

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