Kibo-Korea Standard Association Join Hands to Foster AI Sector

Discovering AI Technology Companies
Customized Support Agreement

The Korea Technology Finance Corporation announced on the 12th that it has signed a 'Business Agreement to Support the Commercialization of AI Technology SMEs' with the Korea Standards Association.

This agreement was established for the two organizations to build an organic cooperation system to discover promising AI commercialization SMEs and actively foster excellent AI technology companies through ISO certification related to AI and financial support.

Jung Gyu-yeol, Head of the Seoul Western Regional Headquarters (left in the photo), and Lee Kyung-geun, Executive Director of the Korea Standards Association, are taking a commemorative photo after signing a business agreement.

According to the agreement, Kibo will ▲discover and recommend promising SMEs commercializing AI technology ▲support technology finance and guarantee fee reductions, while the Association plans to ▲conduct ISO/IEC 42001 (Artificial Intelligence Management System) certification audits for the recommended SMEs ▲actively support audit fee reductions, etc.

In particular, by simultaneously providing international standard certification and financial support for AI technology commercialization companies, it is expected to create synergy that enhances the global competitiveness of related technology innovation companies.

Jung Gyu-yeol, Head of Kibo's Seoul Western Regional Headquarters, said, “Kibo operates various preferential guarantee support systems to focus on supporting the AI technology sector as a new growth future strategic industry,” adding, “Going forward, Kibo will actively support the innovative growth of excellent AI-based technology companies through various collaborations with related organizations and take the lead in creating a domestic AI industry ecosystem.”