The Korea Technology Finance Corporation (Korea Technology Finance Corporation, Chairman Kim Jong-ho, hereinafter referred to as “Kibo”) announced that on Tuesday the 23rd, it visited Ohgrae Agricultural Corporation (CEO Jang Jong-hyeon, hereinafter referred to as “Ohgrae”), which was selected as a Kibo-Star Valley company in the Daegu/Gyeongbuk region, and held an on-site meeting.
This meeting was organized to review the support performance of the Kibo-Star Valley Program and to strengthen on-site support that reflects the voices of local small and medium-sized venture companies.
The site was attended by Kibo Daegu-Gyeongbuk Regional Headquarters Manager, Daegu West Branch Manager, I'm Bank Gumi Sales Branch Manager, Ohgrae Co., Ltd. CEO and other executives and employees, who toured the main production facilities and corporate research institutes and listened to the difficulties faced by those on site.
Founded in 2014, Ograe Co., Ltd. specializes in manufacturing protein shakes and meal replacement grain products. Based on proprietary recipes developed through its in-house research center and automated processes, the company has increased productivity, expanded market share, and achieved steady sales growth.
Kibo-Star Valley is Kibo's core scale-up support program that provides ▲preliminary guarantee limit (limit by stage from 3 billion won to 10 billion won) ▲preferential guarantee ratio (95%, for 3 years) ▲guarantee fee reduction (0.5%p, for 3 years) to innovative companies with excellent technological prowess and growth potential, according to the founding period and growth stage.
Jang Jong-hyeon, CEO of Ograe Co., Ltd., stated, “Since being selected as a Kibo-Star Valley company, we have been responding to the market stably by securing timely funds, pursuing a mid- to long-term growth strategy, and accelerating our leap forward as a mid-sized company.”
Kim Hyeon, head of Kibo’s Daegu-Gyeongbuk regional headquarters, said, “Through this on-site visit, we were able to directly confirm the technological competitiveness and growth potential of Kibo-Star Valley companies,” and emphasized, “Kibo will continue to discover and nurture local innovative companies and actively support them so that they can grow into the core of the regional economy.”
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