Industrial Bank of Korea, Nonghyup Bank, and Busan Bank Excel in Supplying Technology Finance
Industrial Bank of Korea, Nonghyup Bank, and Busan Bank received high marks for their performance in supplying technology finance in the first half of this year.
The Financial Services Commission announced on the 25th that it had held a Tech Evaluation Committee meeting and approved the results of the technology finance evaluation for the first half of this year.
Technology finance refers to a system in which financial institutions provide funding by evaluating a company's technology rather than its financial status. This system was established to support innovative small and medium-sized enterprises and venture startups that lack sufficient capital. The Financial Services Commission and the Financial Supervisory Service evaluate banks' technology finance supply performance every half-year to ensure stable supply and management of technology finance.
According to the results of the Tech Evaluation, which assesses banks' technology finance performance, Industrial Bank of Korea ranked first and Nonghyup Bank second in the large bank league. In the small bank league, Busan Bank ranked first and Gyeongnam Bank second.
The Financial Services Commission assessed that, thanks to banks' proactive efforts to supply technology finance, the outstanding balance of technology finance is showing signs of recovery, and preferential interest rates for technology finance are improving financial accessibility. In fact, the outstanding balance of technology finance decreased from 326 trillion won in 2022 to 302 trillion won in 2025, but increased again to 307 trillion won in the first half of this year.
In the quality review evaluation, which measures the quality of technology credit assessment reports, Korea Technology Credit Rating received an excellent grade among technology credit rating agencies. Among banks capable of conducting their own technology credit assessments, Industrial Bank of Korea, Nonghyup Bank, Busan Bank, and IM Bank received excellent grades.
The Financial Services Commission explained that, due to mandatory on-site inspections and detailed evaluation opinions, the quality of assessment reports has significantly improved, resulting in three more institutions receiving excellent grades compared to the previous evaluation.
An official from the Financial Services Commission emphasized, "We are pursuing a major policy initiative to shift the flow of funds in the market to productive sectors," adding, "As part of this, we will review measures to promote technology finance."
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