Kim Jong-ho, Kibo Chairman, Visits Robot Industry Site and Initiates Regulatory Improvements

Suggestions to Ombudsman on Regulatory Difficulties Identified Through This Year's On-Site Visits

The Korea Technology Finance Corporation (Kibo) announced that Chairman Kim Jong-ho visited STS Robotech, an industrial robot manufacturing company located in Sasang-gu, Busan, on the 23rd to listen to the current issues and difficulties in the robot industry.

STS Robotech is a company that manufactures collaborative robots capable of performing repetitive simple labor in industrial sites on behalf of humans through customized robot management solutions. Kibo highly evaluated STS Robotech's technological capabilities and supported them with preferential guarantees for future strategic industries and R&D fast-track commercialization guarantees to help them scale up to the next level.

Kim Jong-ho, Chairman of the Korea Technology Finance Corporation (second from the right), and Kim Ki-hwan, CEO of STS Robotech (third from the right), are having a conversation on site.

On the day, Chairman Kim toured the site with CEO Kim Ki-hwan and said, "For our small and medium-sized enterprises to lead the future market, it is essential to achieve industrial convergence by combining a solid manufacturing base with digital technologies such as intelligent robots." He added, "We will take the lead in regulatory improvements reflecting on-site issues to further activate the robot industry, which is the core of digital transformation (DX)." They also discussed regulatory innovation plans to revitalize the robot industry together with the head of the Busan Regulatory Innovation Promotion Team at the site.

Kibo announced that with Chairman Kim's visit to the Busan, Ulsan, and Gyeongnam regions, the official schedule of on-site visit forums for this year has been completed. Chairman Kim toured a total of eight regional headquarters in the first and second halves of the year to encourage employees and listen to the difficulties of small and medium-sized enterprises. In the second half of the year, in line with the government's killer regulation innovation policy, time was spent visiting companies facing regulatory difficulties together with external experts in SME regulation and policy fields to discuss specific solutions.

Kibo is proposing dozens of regulatory difficulties identified during this year's on-site forums to the Small and Medium Business Ombudsman to seek solutions together. Going forward, Kibo plans to actively identify and resolve regulatory difficulties faced by SMEs through various channels, including on-site forums.