On the 35th Anniversary of Kibo's Founding: "Strengthening Support for Innovative Growth of SMEs"

First Mover in Supporting Innovative Companies
Advancing as a Key Policy Institution

The Korea Technology Finance Corporation (KOTEC) was established on April 1, 1989, and has grown alongside its clients, small and medium-sized venture businesses, as a key pillar of policy financial institutions. It announced on the 1st that it is celebrating its 35th anniversary this year.

In his anniversary speech, Chairman Kim Jong-ho of KOTEC stated, “We will reflect on the past 35 years of history and quietly carry out the new challenges ahead to make a leap forward.” He also emphasized that amid the recent high interest rates and low growth trend, the role of policy financial institutions is becoming increasingly important, and highlighted the need to strengthen support for innovative growth, promote innovation in customer service and overall operations, and create an open organizational culture that communicates freely, aiming to become a core policy institution trusted by customers and the public.

To commemorate its 35th anniversary, KOTEC newly opened a promotional memorial hall on the first floor of the annex building at its headquarters and held a session to review its history and discuss future development directions. On the 2nd, it plans to conduct a cherry blossom plogging event to collect and sort trash around Gwangalli Beach.

Based on the nation’s best technology evaluation infrastructure, KOTEC has expanded its scope through support for R&D and IP commercialization, technology transfer and protection, and carbon value evaluation, leading technology finance as a first mover in supporting innovative companies. Going forward, it plans to further enhance its expertise in technology evaluation and focus on supporting the scale-up of innovative companies, while also expanding support for export SMEs and R&D financing.