Kibo, European Association of Guarantee Institutions Collaborate on Technology Evaluation

Technology Evaluation System and Technology Finance Expertise, Expanded Transfer to Europe

[Asia Economy Reporter Kim Cheol-hyun] The Korea Technology Finance Corporation (Chairman Kim Jong-ho, hereinafter Kibo) announced on the 20th that it has signed a Memorandum of Understanding (MOU) with the European Association of Guarantee Institutions (AECM) to promote the discovery of SME support policies and the development of a technology evaluation system.

AECM is a European association of guarantee institutions with 47 member institutions from 30 European countries including Germany, the United Kingdom, and France. It represents the interests of its member institutions to the European Parliament, European Investment Bank, European Investment Fund, Bank for International Settlements, World Bank, and others. As of last year, it holds a guarantee scale amounting to 312 billion euros for 5.9 million SMEs in Europe.

This MOU was concluded in writing to establish Kibo’s technology evaluation system in European countries, following the invitation of the European-style technology evaluation system built by Kibo as a keynote presentation at the '2022 AECM General Assembly' held in Vienna, Austria until the 17th. Kibo’s technology evaluation model was recognized for its expertise and excellence in Europe, leading to the promotion of the European-style technology evaluation system construction project in 2019.

Kim Jong-ho, Chairman of Kibo, said, "The signing of the MOU with AECM will serve as a catalyst for expanding Kibo’s excellent technology evaluation system and technology finance know-how to various European countries," adding, "Kibo will do its best to ensure that the system is successfully established in European countries and that overseas expansion continues as a close partner discussing the technology evaluation system with AECM member institutions."

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