Listening to Challenges of Global Expansion Companies and Discussing Growth Strategies
[Asia Economy Reporter Kim Cheol-hyun] The Korea Technology Finance Corporation (Kibo) announced that Chairman Kim Jong-ho visited the platform startup company 'Tridge' located in Seocho-gu, Seoul on the 18th.
Tridge is a global agricultural, marine, and livestock products trading platform company and was selected as a preliminary unicorn company this year. Through experts hired locally in each country and artificial intelligence (AI), it collects data on tens of thousands of prices, varieties, and quantities worldwide, providing business-to-business (B2B) services in the global market.
In particular, by utilizing accumulated big data, it intermediates transactions or provides trade agency fulfillment services such as local farm inspections, contract negotiations, and transportation when buyers place orders through the platform. It has secured major clients including large distribution companies such as Costco, Walmart, and E-Mart, as well as food companies like Kellogg and DOLE, achieving explosive growth.
Shin Ho-sik, CEO of Tridge, said, "At a time when large-scale investment is needed to expand online trade transactions and strengthen service competitiveness, we were able to secure necessary funds by utilizing Kibo's preliminary unicorn special guarantee system."
Chairman Kim, along with CEO Shin, reviewed the global trading status and trading process of agricultural, marine, and livestock products, stating, "With our country's IT technology, we have resolved the information asymmetry in the global agricultural food market, ultimately enabling increased income for farmers," and added, "Kibo will continue to expand support so that new platform companies can gain competitiveness and successfully grow both domestically and internationally."
Meanwhile, Kibo introduced the preliminary unicorn special guarantee system to discover preliminary unicorn companies that meet market verification, growth potential, and innovation requirements and support their growth into future unicorn companies. By 2022, it provided special guarantees worth 561.6 billion KRW to 96 preliminary unicorn companies. Starting this year, the guarantee support limit has been expanded up to 20 billion KRW to provide sufficient growth funds, and for selected companies pursuing technology-special listing, Kibo plans to support pre-diagnostic evaluations as well.
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