Shinhan Credit Guarantee Fund Signs MOU with Korea Creative Content Agency to Promote Investment Support in Cultural Content Industry

[Asia Economy Reporter Eunju Lee] The Korea Credit Guarantee Fund and the Korea Creative Content Agency announced on the 23rd that they signed a "Business Agreement to Activate Investment Support for the Cultural Content Industry" at the CKL Enterprise Support Center in Jung-gu, Seoul.

This agreement was established to build a close cooperation system between the two organizations to activate content investment and contribute to the growth of cultural content companies and the creation of quality jobs.

Through the agreement, the two organizations agreed to actively cooperate in ▲mutually discovering excellent cultural content companies with high growth potential, ▲reviewing investments in companies with excellent content value evaluation grades, ▲sharing information to expand financial support for the cultural content industry, and ▲mutual exchange of professionals and support for talent development.

Meanwhile, since May, the Korea Credit Guarantee Fund has introduced cultural content project investment to overcome the crisis faced by the cultural content industry hit hard by COVID-19, and has invested a total of 4 cases and 3 billion KRW so far. Project investment is an investment method in which advance funds are provided for cultural content projects produced by small and medium-sized enterprises, followed by profit sharing, differing from the existing investment methods of acquiring stocks and bonds.

Choi Wonmok, Chairman of the Korea Credit Guarantee Fund, stated, "This agreement is meaningful in that it presented a cooperative plan to discover promising content companies and promote growth through the joint establishment of an investment and financing support system with related organizations," and added, "Going forward, the Korea Credit Guarantee Fund will actively support by preparing various programs to create an ecosystem for the cultural content industry."

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