Kibo Partners with KEPA to Foster the Media Content Industry

Joint Discovery of Promising Cultural Content Companies
Establishing a Tailored Support System

Korea Technology Finance Corporation (Kibo) announced on May 8 that it has signed a comprehensive partnership memorandum of understanding with the Korea Entertainment Producers Association (KEPA) to support outstanding small and medium-sized enterprises (SMEs) in the media content industry and investment sector.

Cheon Changho, Director of Kibo (fifth from the left), and Im Baekwoon, President of the Korea Entertainment Producers Association (sixth from the left), along with other agreement participants, are taking a commemorative photo after the memorandum of understanding. Photo by Kibo

This agreement aims to identify SMEs in the media content sector with strong technological capabilities and growth potential, and to provide tailored support, thereby revitalizing the cultural content ecosystem and fostering new growth industries.

Under the agreement, KEPA will identify and recommend promising companies in the cultural industry sector that demonstrate strong planning capabilities and growth potential to Kibo. In turn, Kibo plans to strengthen the business foundation of these recommended companies by providing financial support such as cultural industry completion guarantees and investment linkages, as well as non-financial support including venture and INNOBIZ certifications and technology assessments.

Cheon Changho, Director at Kibo, stated, "This agreement is significant in that it establishes a support foundation for promising content companies that will lead the future cultural industry." He added, "Kibo will continue to expand cooperation with relevant organizations to support the growth of content companies and strengthen industrial competitiveness."

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