The Korea Technology Finance Corporation (KTFC) (Chairman Jong-ho Kim, hereinafter referred to as “KTFC”) announced that it signed a “Mutual Cooperation Agreement for the Promotion of M&A of Small and Medium-sized Enterprises” with the Korea Management Innovation Small and Medium-sized Enterprises Association (Chairman Myeong-jin Kim, hereinafter referred to as “Main Biz Association”) at the KTFC Seoul office on Wednesday the 10th.
This agreement was promoted to expand the discovery of potential M&A demand by linking the small and medium-sized enterprise networks and expertise of both organizations and to support tangible brokerage results through the public-private partnership M&A platform (hereinafter referred to as the "M&A platform").
The Main Biz Association, established in 2010, is a small and medium-sized enterprise (SME) organization that has supported the growth of SMEs with management innovation capabilities through its Main Biz Certification System. As of the end of 2024, there were 23,973 Main Biz-certified companies nationwide, of which 5,199 were active members of the association. With an average sales volume of KRW 15.5 billion, Main Biz companies are considered excellent companies with potential M&A demand and the ability to secure acquisition financing. M&As are expected to secure new momentum for innovative growth.
Under the agreement, the Main Business Association will actively promote its M&A platform to certified companies and identify companies in need and recommend them to Kibo. Kibo will provide M&A brokerage support for recommended companies and, if necessary, provide acquisition fund guarantees, strengthening its support throughout the entire M&A process.
Kim Jong-ho, CEO of Kibo, said, “This agreement will serve as an opportunity to establish a systematic support foundation for small and medium-sized enterprises (SMEs) seeking to transition to new businesses and transition into new ones,” and added, “Going forward, Kibo will continue to expand cooperation with relevant organizations and play a leading role in revitalizing the SME M&A market.”
Meanwhile, Kibo established an M&A transaction information network within its technology transaction platform, Smart Tech Bridge, in March to support M&A brokerage services. In August, it selected additional M&A partners, strengthening its M&A support capabilities by cooperating with a total of 15 private brokerage organizations.
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