Kibo Launches 'Data Value Plus Guarantee' for Economic Valuation of Data

Establishment of Dedicated Team
Special Support Equivalent to High-Value IP

The Korea Technology Finance Corporation (Chairman Kim Jong-ho, hereinafter referred to as Kibo) announced on the 27th that it has launched a new product called 'Data Value Plus Guarantee,' which evaluates the economic value of data and provides guarantees within that amount. Kibo has established a dedicated team to actively support related industries.

The Data Value Plus Guarantee is a newly launched product that applies the evaluation targets, evaluation scope, evaluation fees, and other details decided by the Ministry of Science and ICT in May, along with Kibo's expertise in technology value evaluation. It was created to promote the production, trading, and utilization of data by supporting data commercialization companies. The support targets companies that provide products or services using data or process and sell data itself.

Since data value evaluation is a field being attempted for the first time in Korea, Kibo plans to enhance reliability and fairness by establishing a Data Business Team at its headquarters and conducting value evaluations through a collaborative approach involving the Central Technology Evaluation Institute, which performs high-level specialized evaluations, and eight Technology Innovation Centers nationwide. Additionally, to expand support for data commercialization, Kibo has prepared a criteria table to judge core data elements such as ▲data quality ▲economic benefits ▲electronic form, and recommends that all branches nationwide refer cases to the Central Technology Evaluation Institute.

Kibo interprets the evaluated data as new intellectual property rights equivalent to existing intellectual property (IP) standards and has designed the system to allow for special support. It plans to offer various preferential benefits such as ▲guarantee fee reductions (0.3~0.5 percentage points) ▲preferential guarantee ratios ▲priority review for guarantee-linked investments.

Kim Jong-ho, Chairman of Kibo, said, "This product applies Kibo's long-standing technology value evaluation expertise to a new industrial field, and we will strive to set a standard for supporting the data industry." He added, "Going forward, Kibo will continue to play a leading role in stimulating new momentum for data-driven innovation growth in small and medium enterprises and in creating high-quality infrastructure for the development of the domestic data industry."

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