The Korea Technology Finance Corporation (Korea Technology Finance Corporation, Chairman Kim Jong-ho, hereinafter referred to as KIBO) announced that on October 29, it visited Kibo-Star Valley Enterprise Cryo H&I Co., Ltd. (CEO Ahn Gyeong-jun), located in the Gyeonggi region, to inspect the performance of its guarantee support and hold an on-site meeting.
This event was designed to examine growth strategies and discuss institutional improvements and customized support measures for leading technology companies in the materials, components, and equipment (SME) manufacturing sector. Kibo listened directly to feedback from the field and explored ways to address challenges faced by companies and strengthen practical support.
Cryo H&I Co., Ltd. is the only company in Korea to possess cryogenic cooling technology below 20K (Kelvin). Leveraging numerous patents and R&D capabilities, the company develops and manufactures cryogenic freezers, vacuum pumps, and liquid nitrogen production equipment. It is currently preparing for a KOSDAQ listing to enter the global market.
Kibo-Star Valley is Kibo's representative scale-up support program that provides benefits such as a pre-guarantee limit of up to KRW 10 billion in stages, a preferential guarantee ratio of 95% for three years, and a 0.5% point reduction in guarantee fees to innovative companies with technological prowess and growth potential.
An Gyeong-jun, CEO of Cryo H&I Co., Ltd., said, “Thanks to Kibo’s selection as a Kibo-Star Valley company and the guarantee support, we were able to steadily pursue the construction of mass production facilities and the development of core technologies.”
Oh Eun-sik, head of the Gyeonggi Regional Headquarters of the Korea Technology Finance Corporation (KIBO), said, “The Kibo-Star Valley Program is a customized system designed to support the advancement of innovative companies with high growth potential.” He added, “KIBO will continue to strengthen on-site communication and prepare various support measures to support the continued growth of innovative companies.”
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