KOTEC Achieves 'Highest' Rating in 2024 Public Institution Win-Win Growth Evaluation
Top Rating in 2022, Excellent in 2023
Korea Technology Finance Corporation (KOTEC) announced on the 23rd that it had achieved the highest rating in the 2024 Public Institution Win-Win Growth Evaluation, which was organized by the Ministry of SMEs and Startups.
The Public Institution Win-Win Growth Evaluation is a system that annually assesses public institutions' efforts toward mutual growth and cooperation with small and medium-sized enterprises (SMEs), in accordance with the Act on the Promotion of Collaborative Cooperation between Large Enterprises and SMEs. This year’s evaluation was conducted for a total of 134 public institutions and assessed them in five grades, reflecting each institution’s performance in promoting win-win growth and the satisfaction levels of their partner SMEs.
KOTEC was recognized for its contribution to the sustainable development of SMEs by continuously pursuing win-win growth activities based on fair trade and cooperation. As a result, it achieved the 'highest' rating in 2022, the 'excellent' rating in 2023, and again the 'highest' rating in 2024.
In particular, KOTEC received high marks last year for actively implementing customized cooperation programs that reflected the diverse needs of SMEs and changes in the external environment. Key initiatives included: ▲supporting overseas market entry for regional leading SMEs, ▲expanding the supply price linkage system and reflecting increases in supply costs, and ▲expanding green finance and fostering an ecosystem through strengthened cooperation between large enterprises and SMEs.
Additionally, KOTEC was positively evaluated for expanding win-win growth activities that support the innovative growth of SMEs, such as spreading ESG finance through the issuance of green asset-backed securities for SMEs, establishing a public M&A platform, and creating an open technology innovation environment.
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Kim Jongho, President of KOTEC, stated, "This selection for the highest rating is a valuable achievement resulting from sincere efforts for cooperation and mutual growth with SMEs," and added, "KOTEC will continue to fulfill its role as a practical partner to strengthen the self-reliance and sustainable growth of SMEs."
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