Kibo reaches 20,000 companies enrolled in the Intellectual Property Insurance Program.

The Korea Technology Finance Corporation (KIBO) (Chairman Kim Jong-ho, hereinafter referred to as "KIBO") announced on Friday, the 21st, that it had reached 20,000 companies enrolled in its intellectual property insurance program. On that day, KIBO held a ceremony at its Seoul office to present a certificate of enrollment to the 20,000th company, "People Who Change the World Co., Ltd." (CEO Kim Jin-woo).

This event was organized to share the achievements of the Intellectual Property Insurance Project internally and externally, and to promote awareness of the project and expand new subscriptions through customer participation.

KIBO's Intellectual Property Insurance is a system that helps protect technology and strengthen intellectual property (IP) competitiveness by providing loans of up to five times the premium paid by subscribers such as small and medium-sized enterprises when they need large amounts of money at once for domestic and international patent applications or dispute response.

The 20,000th company to join, People Who Change the World Co., Ltd., is an AI-based electric vehicle charging system specialist located in Anyang, Gyeonggi-do. CEO Jinwoo Kim stated, “We joined to prepare for unexpected management risks such as intellectual property disputes,” and “We also plan to utilize various additional services in the future, such as legal advice and support for patent priority examination application fees.”

Park Joo-sun, Executive Director of the Korea Intellectual Property Insurance Corporation, said, “The Intellectual Property Insurance Corporation has reached a meaningful milestone of 20,000 companies signing up in just six years since its launch,” and added, “Kibo will continue to actively support small and medium-sized enterprises in securing IP and strengthening their technological competitiveness.”

Meanwhile, the Intellectual Property Deduction Program, first introduced in Korea by KIBO in collaboration with the Ministry of Intellectual Property in August 2019, continues to grow, with over 20,000 companies enrolled and the deduction fund expected to expand to KRW 269.8 billion by October 2025. The program offers various benefits to participating companies, including: ▲ application of a premium interest rate (2.75 percentage points), ▲ additional guarantee fee reduction (0.2 percentage points), ▲ intellectual property cost loans, ▲ emergency loan support, and ▲ free consulting services. It is being utilized as a practical support system for IP-based growth of SMEs.

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