The Korea Technology Finance Corporation (Korea Technology Finance Corporation, Chairman Kim Jong-ho, hereinafter referred to as “KIBO”) announced on Thursday the 11th that it will strengthen its support for the artificial intelligence (AI) field to support the government’s national agenda and new industry development strategies and to lay the foundation for the sustainable growth of innovative companies.
The government has selected A (AI), B (Bio), C (Contents & Culture), D (Defense), E (Energy), and F (Factory) as the "Six Growth Engines" and is pursuing systematic policy support to strengthen future national competitiveness. In line with this, KIBO is strengthening support across the six growth engine industries through its "BoostUp Strategy."
In particular, KIBO is actively supporting the AI sector, prioritizing its support. As part of this effort, the company launched a dedicated AI-focused guarantee product in May, effectively bridging the global AI industry gap and facilitating the smooth transition to AI (AX) for small and medium-sized venture companies. KIBO plans to provide KRW 180 billion in new funding to the AI sector this year, with KRW 90 billion to be deployed in the second half of the year to proactively address the funding needs of AI companies.
The AI-specific guarantee product, "AI·AX Competitiveness Enhancement Preferential Guarantee," offers various benefits to companies developing, introducing, or utilizing AI technology, including ▲increased guarantee ratio (up to 95%), ▲reduction of guarantee fees (up to 0.3%p), and ▲expanded special calculation cases. In addition, the "Special Guarantee for Companies Operating in the Semiconductor Industry" supports financing in core areas such as R&D and equipment localization for excellent technology companies in the semiconductor industry, such as fabless companies, and provides benefits such as ▲guarantee limit of up to 20 billion won, ▲increased guarantee ratio (up to 95%), and ▲reduction of guarantee fees (up to 0.3%p).
In addition, KIBO plans to actively support the scale-up of AI companies by expanding collaboration with commercial banks to ease the financial burden on companies and operating global expansion programs such as overseas expansion guarantees and investment attraction through overseas branches.
Kim Jong-ho, Chairman of Kibo, said, “Kibo is proactively supporting future growth engines through products dedicated to the artificial intelligence field in line with the government’s innovation growth strategy,” and “Kibo will continue to faithfully fulfill its role as a policy finance institution that supports the enhancement of the nation’s technological competitiveness and the innovative growth of small and medium-sized venture companies.”
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