Gibo Shares Cooperation on Tech Finance with Thailand and Support System for Innovative SMEs

MOU Signed with Thailand Credit Guarantee Corporation

The Korea Technology Finance Corporation (Kibo) announced on the 11th that it has signed a Memorandum of Understanding (MOU) with the Thai Credit Guarantee Corporation (TCG) to expand the transfer of technology finance systems to Thailand.

According to the MOU, Kibo will mutually cooperate to support the innovative growth of small and medium-sized enterprises (SMEs) in both countries by exchanging information on SME credit guarantees and technology guarantees, transferring technology evaluation methodologies, and supporting networking and investment attraction opportunities between Thai companies and Korean companies entering the Thai market.

Kim Jong-ho, Chairman of Kibo (right), and Citicon Director Son TCG President are taking a commemorative photo after signing a business agreement. Photo by Kibo

Additionally, Kibo plans to exchange information on overseas cooperation best practices with related organizations and international institutions, technology transaction projects, and global technology transfer partnerships. Based on its cooperative relationship with TCG, Kibo will strive to expand opportunities for domestic SMEs to enter the global market, including the Southeast Asian region.

Kim Jong-ho, Chairman of Kibo, stated, “Kibo transferred technology evaluation and technology guarantee systems to TCG through the Ministry of Economy and Finance’s overseas knowledge sharing program (KSP) in 2016 and 2017, and since 2022, we have built a close network with Thailand through annual workshops for practitioners to exchange knowledge.” He added, “Through this MOU, we will further endeavor to transfer the accumulated know-how and support systems of technology finance to Thailand and support the innovative growth of SMEs in both countries.”