Korea Technology Finance Corporation Signs AX Business Agreement with National Information Society Agency

Designated as an AI Ethics Compliance Institution

The Korea Technology Finance Corporation announced on May 7 that it has signed a "Business Agreement for Leading Trusted Public Artificial Intelligence Transformation (AX)" with the National Information Society Agency (NIA) and has become the first public institution to be designated as an "AI Ethics Compliance Institution."

Juseon Park, Executive Director of Korea Technology Finance Corporation (right), and Hyungcheol Kim, President of the National Information Society Agency (NIA), are taking a commemorative photo after signing a business agreement at the NIA headquarters in Dong-gu, Daegu. Photo by Korea Technology Finance Corporation

The signing ceremony took place at the NIA headquarters in Dong-gu, Daegu. As the importance of safe and responsible use of artificial intelligence (AI) is increasing in the public sector following the implementation of the Artificial Intelligence Basic Act in January, Korea Technology Finance Corporation is proactively establishing an AI ethics practice system and working to spread a trust-based AI utilization culture to small and venture businesses.

As a specialized technology finance institution under the Ministry of SMEs and Startups, Korea Technology Finance Corporation supports technological innovation and growth for small and venture businesses, and has been expanding the use of AI across its overall work, including technology evaluation, guarantees, and corporate support. In particular, since 2024, the corporation has established and operated its own AI ethics standards and has continuously strengthened its internal management system to ensure transparency, fairness, and accountability in the utilization process.

Under the agreement, the two organizations will jointly promote ▲AI ethics education and consulting support for small and venture businesses ▲publicity and awareness-raising activities to spread AI ethics ▲discovery of exemplary public AX cooperation cases ▲compliance with AI ethics guidelines and establishment of AI adoption processes ▲AI ethics training for executives and employees.

In particular, Korea Technology Finance Corporation plans to systematically manage key risk factors that may arise during AI utilization—such as bias, personal information protection, explainability, and accountability—by leveraging NIA's expertise in AI ethics policy and education, thereby further strengthening its internal foundation for AI ethics compliance. Through these efforts, the corporation aims to become a model case for public sector AX as an "AI Ethics Compliance Institution."

In addition, by utilizing its support network for small and venture businesses, the corporation plans to spread AI ethics education and consulting in the field, so that companies can adopt and utilize AI more safely and responsibly.

Juseon Park, Executive Director of Korea Technology Finance Corporation, stated, "Artificial intelligence is a core driver of innovation in technology finance and the competitiveness of small and venture businesses, so it is essential to establish a safe and trustworthy foundation for its use for both citizens and companies. With this designation as the first public institution to comply with AI ethics, Korea Technology Finance Corporation will further advance its ethical practice system and promote responsible AI transformation throughout the organization's work."

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