KB Bank "Supporting High-Growth SMEs and Ventures Through IP Self-Evaluation"

Loan Execution Secured by IP

[Asia Economy Reporter Minwoo Lee] KB Kookmin Bank will independently conduct valuation of intellectual property (IP). Through this, the bank plans to support promising companies with high growth potential but insufficient financial status or collateral.

KB Kookmin Bank announced on the 3rd that it will implement its own IP valuation.

Based on this, the bank plans to provide secured loans using the intellectual property (IP) held by companies as collateral or decide on investment targets and scales. This is to support small and venture companies with high growth potential but inferior financial conditions or insufficient collateral to utilize their intellectual property (IP) as a means of financing.

Earlier, KB Kookmin Bank was designated as an "Invention Evaluation Institution" by the Korean Intellectual Property Office (KIPO) in April. Since then, it has reorganized internal systems and processes for independent IP valuation and completed operational risk assessments. An "Invention Evaluation Institution" is a specialized organization that evaluates the technical and commercial aspects of intellectual property under the Invention Promotion Act and determines the value of intellectual property (IP). The designation is made by KIPO after on-site inspections of applicant institutions and expert committee reviews.

A KB Kookmin Bank official stated, "We will actively utilize IP as a means of corporate financing to support the innovative growth of small businesses," and added, "In the future, we plan to train internal IP finance personnel and further strengthen job competencies to internalize IP finance."

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