Kibo Receives Presidential Citation at Social Economy Expo

Recognized for Contributions to Social Venture Activation... Awarded in Social Value Realization Category

At the 4th Korea Social Economy Expo, Kim Young-gap, Director of the Korea Technology Finance Corporation (left), is receiving the Presidential Citation.

[Asia Economy Reporter Kim Cheol-hyun] The Korea Technology Finance Corporation (Chairman Kim Jong-ho, hereinafter referred to as Kibo) announced on the 11th that it received the Presidential Citation in the Public Sector for Realizing Social Value at the 4th Korea Social Economy Expo held at the Hwa-baek Convention Center in Gyeongju, Gyeongsangbuk-do.

This event is an expo jointly promoted by central government ministries, local governments, and social economy organizations to raise public awareness of the social economy and to establish and spread successful models. As the operating agency for the Ministry of SMEs and Startups' social venture development project, Kibo has been promoting the activation of the social economy through expanded financial support for social ventures and customized support systems, and was recognized for its contribution to creating social value through close social contribution activities.

In particular, to systematically nurture social venture companies, Kibo established a dedicated social venture organization called the "Social Venture Value Evaluation Center," introduced a social venture identification system, and developed an evaluation model reflecting the characteristics of social ventures, thereby creating a system in which social ventures can be included in government support policies and financial support. Along with this, Kibo first introduced the "Social Venture Impact Guarantee" system, a dedicated product for social ventures, in 2018 and supported a total of 424.1 billion KRW by last year.

Kim Jong-ho, Chairman of Kibo, said, "Taking this award as an opportunity, we will actively support ESG management of small and medium-sized venture companies in line with the new government's national agenda," and added, "We will continue to actively work to create a sustainable and growth-oriented ecosystem by spreading models linking corporate growth and social value."