Korea Credit Guarantee Fund Hosts 2022 Kodit Open IR

[Asia Economy Reporter Eunju Lee] On the 1st, the Korea Credit Guarantee Fund (KODIT) announced on the 2nd that it held the ‘2022 Kodit Open IR’ at the COEX Startup Branch.

The ‘2022 Kodit Open IR’ is an IR event supporting partnership building and follow-up investment attraction with institutional investors such as VCs and ACs, targeting promising growth companies invested in by KODIT. About 50 people, including company executives, institutional investors, and related organization officials, attended.

On this day, six innovative startups selected through three ‘U-CONNECT’ demo days since June held IR pitching and Q&A sessions for investors. The company selected as the best, Cheongmyeong Advanced Materials Co., Ltd., will compete in IR presentations with 10 excellent startups at the ‘2022 U-CONNECT FINAL’ scheduled for December to attract follow-up investments. Currently, KODIT has invested a total of 4.6 billion KRW in these companies.

KODIT supports guarantee-linked investments in various forms, such as acquiring stocks and bonds, by selecting early-stage small and medium enterprises with high growth potential but facing difficulties in capital procurement in the private investment market among guarantee-using companies. Since the system was regularized in 2014, a total of 600 companies have received investments totaling 424.4 billion KRW, of which 416 companies attracted follow-up investments worth 1.2 trillion KRW.

A KODIT official said, “This event was prepared to revitalize the recently sluggish startup investment market and respond to the government’s investment activation policy,” adding, “KODIT will continue to actively strive to play a pioneering role in creating a virtuous cycle investment ecosystem led by private capital for discovering innovative companies and fostering corporate growth.”

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