Korea Technology Finance Corporation and KOICA Join Hands to Support Social Ventures' Global Expansion

"Promoting Global Impact Expansion Through Customized Technology Assessments"

The Korea Technology Finance Corporation announced on the 15th that it had signed a business agreement with the Korea International Cooperation Agency (KOICA) on the 12th at KOICA headquarters in Seongnam, Gyeonggi Province, for "Supporting the Global Impact Expansion and Growth of CTS Participating Social Venture Companies."

This agreement was established to support the global expansion of social ventures and the growth of the social solidarity economy ecosystem by linking the Korea Technology Finance Corporation's social venture support system and impact finance with KOICA's technology program, CTS.

Kim Joungho, Chairman of the Korea Technology Finance Corporation (right), and Jang Wonsam, Chairman of the Korea International Cooperation Agency (KOICA), are posing for a commemorative photo after signing a business agreement on the 12th at KOICA headquarters in Seongnam, Gyeonggi Province, to support the global impact expansion and growth of CTS-participating social venture companies. Korea Technology Finance Corporation

Under the agreement, KOICA will promote the Korea Technology Finance Corporation's social venture system to companies participating in CTS and consider developing new programs in collaboration with the corporation. The Korea Technology Finance Corporation will provide customized comprehensive support to CTS participating companies, including dedicated technology assessments for social ventures, measurement of social value, impact guarantees, consulting, and recommendations for outstanding social ventures. In particular, by supporting the calculation of social value created by social ventures in monetary terms through a social value measurement system, the corporation aims to ensure fair market evaluation and sustainable growth.

In addition, both organizations plan to use this agreement as an opportunity to simultaneously support the enhancement of technological competitiveness and realization of social value for social ventures, as well as to continue collaborating for the expansion of global impact.

Kim Joungho, Chairman of the Korea Technology Finance Corporation, stated, "We will continue to strengthen cooperation with related organizations to actively support social ventures in creating social value and making a leap onto the global stage."