Kibo Actively Participates to Ensure the Successful Hosting of the '7-Day Donghaeng Festival'

Technology Evaluation Fee Exemption · Product Purchase · Traditional Market Visit Relay Campaign

The headquarters of the Korea Technology Finance Corporation with a promotional banner for the Donghaeng Festival installed

[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 will implement measures such as exemption from technology evaluation fees, product purchases, and a relay campaign to visit traditional markets to ensure the successful hosting of the '7-Day Companion Festival' organized by the Ministry of SMEs and Startups (Minister Lee Young, hereinafter referred to as the Ministry).

Now in its third year, this festival is the largest domestic event promoting consumption of products from small and medium enterprises (SMEs) and small business owners, involving domestic and international distributors, traditional markets, and shopping districts. First, as an incentive for companies participating in the Companion Festival, Kibo will exempt technology evaluation fees up to 200,000 KRW for SMEs and small business owners who purchase products from SMEs and small business owners. The exemption applies to companies that purchase more than 200,000 KRW during the festival period and newly apply for technology evaluation guarantees by the end of this year.

Additionally, Kibo plans to directly purchase products from SMEs and small business owners participating in the Companion Festival using funds raised through donations, and support vulnerable groups with these products. Furthermore, during the festival period, Kibo employees will actively participate in stimulating consumption by using Onnuri gift certificates to support traditional markets, and regional headquarters will jointly hold a 'Relay Challenge' campaign with sales offices nationwide to visit local traditional markets in succession.

Chairman Kim Jong-ho of Kibo stated, "Going forward, Kibo will continue to practice warm companionship without ignoring the difficulties faced by SMEs and small business owners."

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