NH Nonghyup Bank to Use Shinbo Corporate Evaluation for 'Intellectual Property Secured Loans' Screening

[Asia Economy Reporter Song Seung-seop] On the 30th, the Korea Credit Guarantee Fund and NH Nonghyup Bank announced that they signed a "Technology Valuation Business Agreement for the Activation of Intellectual Property Finance" at the NH Nonghyup Bank headquarters in Jung-gu, Seoul.

This agreement was prepared to establish an organic cooperation system for the utilization of technology valuation between the two institutions to contribute to the activation of intellectual property finance.

According to the agreement, the Korea Credit Guarantee Fund will produce and provide technology valuation results for companies requested by NH Nonghyup Bank. NH Nonghyup Bank plans to use the technology valuation results provided by the Korea Credit Guarantee Fund for the screening of intellectual property secured loans, among others.

Meanwhile, the Korea Credit Guarantee Fund introduced the "Intellectual Property Guarantee Program" in 2013 and has established and operated a dedicated organization for intellectual property valuation since 2019.