Kibo to Support 200 Billion KRW in Securitization Company Guarantees This Year

Providing Long-Term Liquidity to Small and Venture Businesses through Direct Financing

The Korea Technology Finance Corporation (Chairman Kim Jong-ho, hereinafter referred to as Kibo) announced on the 13th that it will newly support a total of 200 billion KRW in securitization company guarantees twice this year, in the first and second half, to enable small and medium venture enterprises to raise funds through direct financing.

Securitization company guarantees are a system that helps companies raise funds by creating securitized securities based on new corporate bonds of promising small and medium venture enterprises that have difficulty issuing corporate bonds on their own credit, and then selling them in the capital market.

Applications for securitization company guarantee support in the first half of this year can be made from the 15th to the 21st of next month through the Kibo website or nationwide branches. The support limit per individual company is up to 15 billion KRW for small and medium enterprises and up to 25 billion KRW for mid-sized enterprises. Detailed information on support procedures, conditions, and eligibility can be found in the notices on the Kibo website.

Kibo introduced the securitization company guarantee system in 2011 and has supported about 2.5 trillion KRW to date. Among the total 825 supported companies, 30 have been listed on the KOSDAQ market, and 21 have been selected as part of the Innovative Companies National Representative 1000, demonstrating excellent support performance.

Kim Jong-ho, Chairman of Kibo, said, "In the complex economic crisis situation, Kibo will take the lead in helping small and medium venture enterprises overcome liquidity crises and support economic recovery," adding, "We will continue to faithfully perform the role of a comprehensive support institution for small and medium venture enterprises and do our best to secure growth engines centered on future industries."