Kibo, Organizational Restructuring... Reducing Headquarters Units to Increase Efficiency

Focusing on Preparing Future Businesses and Management Innovation

[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 will carry out an organizational restructuring in 2023, including reducing the headquarters organization and establishing a strategic department for future innovation projects, in line with the government's public institution innovation direction.

Kibo prepared the organizational restructuring through research services and internal and external opinion gathering to respond to changes in the internal and external environment and to prepare for new future projects. Actively responding to the government's public institution innovation direction, the headquarters organization was consolidated from the current 11 departments, 4 offices, and 2 promotion teams to 10 departments and 4 offices, and the sales organization was reorganized from 9 regional headquarters to 8 regional headquarters through a broad management system.

The headquarters departments were converted into four divisions: ▲Strategic Planning ▲Management ▲Technology Finance ▲Innovation Growth, to induce responsible management by division heads and to seek synergy through organic cooperation among business departments. The Carbon Neutral Promotion Team and Accounts Receivable Factoring Promotion Team, which operated as new business organizations, will be absorbed into regular organizations to strengthen internal stability. A Green Content Finance Office will be newly established as a strategic organization to carry out Kibo's future innovation projects. The sales organization will improve efficiency by integrating the Busan Regional Headquarters and the Gyeongnam-Ulsan Regional Headquarters.

Kim Jong-ho, Chairman of Kibo, said, "Through this organizational restructuring, Kibo will faithfully implement the three principles of the government's public institution innovation direction: enhancing productivity and efficiency, reorganizing the management system, and strengthening cooperation between private and public institutions." He added, "By discovering and focusing on future core projects, we will create future growth engines for our economy and take the lead in overcoming the complex economic crisis."