Kibo and Korea Venture Investment Join Hands to Revitalize Venture Investment

Support for Preferential Guarantees for SMEs Attracting Investment from the Motefund

The Korea Technology Finance Corporation (Chairman Kim Jong-ho, hereinafter Kibo) announced on the 24th that it has signed a "Financial Support Agreement Linked to the Mother Fund for the Activation of Venture Investment" with Korea Venture Investment Corp. (CEO Yoo Woong-hwan, hereinafter KVIC).

This agreement was established to activate the sluggish private venture investment market by building an organic cooperation system between the two organizations and expanding financial support for small and medium-sized enterprises that have attracted investment from the Mother Fund, thereby supporting the scale-up of related companies.

Kibo will support special contribution guarantee using KVIC’s endowment funds. It plans to provide benefits such as ▲increasing the guarantee ratio (from 85% to 100%) ▲reducing guarantee fees (by 0.3 percentage points, and applying a fixed 1% guarantee fee rate for investment option guarantees). The support targets are startups within 7 years of establishment that have attracted seed investments of 30 million KRW or more from the Mother Fund and sub-funds within the last 3 years. Each company can receive up to 500 million KRW in guarantees.

Through this agreement, Kibo will strengthen support for early-stage startups and companies located in provincial areas that are in the investment blind spots due to the complex economic crisis, actively supporting companies that have attracted initial investments to grow to the next level.

Kim Jong-ho, Chairman of Kibo, said, "Through this agreement, the two organizations will share know-how on investment operations and support invested companies once again through the agreement products, which is expected to help revitalize the sluggish venture investment market. Kibo will continue to expand policy support for innovative venture companies and provincial companies facing difficulties in fundraising and follow-up investments."

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