KOTRA and Industrial Bank of Korea Join Forces to Support Innovative Companies at CES USA

US Las Vegas Innovation Company Growth Support Business Agreement

KOTRA and IBK Industrial Bank signed a business agreement at the CES 2025 event held in Las Vegas, USA, the world's largest electronics and IT exhibition, to support the global expansion of domestic innovative companies. It is said to be meaningful as the signing ceremony took place at the site where Korean companies begin their overseas expansion.

Kang Kyung-sung, President of KOTRA (left), and Kim Hyung-il, Executive Director of IBK Industrial Bank, participated in CES 2025, the world's largest electronics and IT exhibition held in Las Vegas, USA, and signed a "Business Agreement to Support the Global Growth of Innovative Companies" on the 7th (local time), taking a commemorative photo. Photo by KOTRA

On the 7th (local time), the two organizations announced on the 8th that they signed a "business agreement to support the global expansion and growth (scale-up) of innovative companies" at CES 2025 in Las Vegas, USA.

Through the agreement, the two organizations agreed to promote joint projects such as supporting overseas expansion and investment attraction for innovative companies, discovering promising companies for global expansion, and supporting innovative companies' overseas expansion.

IBK Industrial Bank has recently launched IBK Venture Investment and is actively supporting domestic innovative companies financially. KOTRA has consistently provided marketing support such as overseas exhibition projects and innovation award support projects to help domestic innovative companies grow into export companies.

KOTRA emphasized the significance of signing the agreement at CES, as it serves as a foothold for Korean companies taking their first steps toward overseas expansion.

Kim Sung-tae, President of IBK Industrial Bank, said, "Through this agreement, the two organizations will combine their strengths to jointly support financial and non-financial projects," adding, "We will work together to help innovative companies strengthen their competitiveness in the global market."

Kang Kyung-sung, President of KOTRA, stated, "We will continue to collaborate with various related organizations, including IBK Industrial Bank, to play a stepping stone role in linking domestic corporate innovation to export achievements."

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