Kibo and NH Nonghyup Bank Join Hands for Data-Driven Intellectual Property Financial Support

Utilizing Various Evaluation Infrastructures of Kibo
Customized Financial Support for Excellent IP-Holding Companies

On the 25th, the Korea Technology Finance Corporation (Kibo) announced that it signed a "Business Agreement for Data-Driven Intellectual Property (IP) Financial Support" with NH Nonghyup Bank. This agreement was established to consolidate Kibo's IP valuation capabilities and to reduce the financial burden on small and medium-sized venture companies holding excellent IP through Nonghyup Bank's support for evaluation fees and preferential interest rates.

According to the agreement, Kibo will evaluate the value of IP owned by companies using ▲technology value evaluation ▲data value evaluation ▲AI-based Patent Evaluation System (KPAS), and will provide preferential support for guarantee ratios and guarantee fees linked to guarantees.

Additionally, Kibo plans to include Nonghyup Bank as a KPAS joint-use partner bank to quickly identify companies with excellent IP using KPAS and connect them to financial support, thereby contributing to the expansion of private-led IP financial support.

Based on accumulated technology evaluation capabilities, Kibo introduced IP guarantees evaluating technology value in 2006 and has supported a cumulative total of 4.3 trillion KRW in IP guarantees by the end of last year. Since 2019, KPAS has been fully utilized in IP guarantees to continuously expand rapid and low-cost IP financing.

Kim Jong-ho, Chairman of Kibo, stated, “This agreement will be an important opportunity to establish a customized financial support system for small and medium-sized venture companies pursuing innovation using IP,” and added, “Going forward, Kibo will expand collaboration with related organizations and strengthen support for companies holding excellent IP to lead the activation of IP financing.”