Korea Credit Guarantee Fund Opens Applications for 'Innovation Icon Support Program'
[Asia Economy Reporter Eunju Lee] The Korea Credit Guarantee Fund announced on the 24th that it is recruiting companies for the 8th round of the 'Innovation Icon Support Program.'
The Innovation Icon Support Program is designed to help startups with innovative business models grow into unicorn companies.
Selected companies will receive ▲ credit guarantees of up to 15 billion KRW over three years ▲ the lowest guarantee fee rate (0.5%) ▲ an additional 0.7 percentage point interest rate reduction through six partner banks ▲ and support for overseas expansion, consulting, and promotion.
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Since 2019, the Korea Credit Guarantee Fund has selected 39 companies as Innovation Icons and provided a credit guarantee limit of 415.7 billion KRW.
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