The Korea Technology Finance Corporation (KTIC) (Chairman Kim Jong-ho, hereinafter referred to as “KIBO”) announced on Tuesday the 9th that it signed a “Joint Cooperation Agreement for the Discovery and Support of Excellent Arts Enterprises” with the Korea Arts Management Service (CEO Kim Jang-ho, hereinafter referred to as “Ye-kyung”) at its Busan headquarters.
This agreement was established to strengthen the global competitiveness of the arts industry by identifying and systematically supporting arts industry companies with growth potential, amidst the recent rise in international recognition and interest in K-culture.
Under the agreement, the two organizations will establish an organic cooperative system to support the growth of arts enterprises. Kibo will provide support for companies recommended by Yekyung through cultural industry guarantees and technology assessments, while Yekyung will connect these companies with its own support programs.
Since introducing the Cultural Industry Completion Guarantee System in 2009, KIBO has provided KRW 1.5 trillion in guarantees to content production companies, contributing to the expansion of the cultural industry as a whole. Building on this agreement, KIBO plans to establish a specialized cultural industry guarantee system for arts-related businesses in the first half of 2026 in consultation with the Ministry of Culture, Sports and Tourism and other relevant ministries. KIBO also plans to expand the scope of support provided by the existing cultural industry guarantee system to include the arts industry.
Kim Jong-ho, CEO of Kibo, said, “This agreement has laid the foundation for systematic support for promising arts companies,” and added, “Kibo will continue to expand cooperation with related organizations, including the Korea Arts & Culture Education Service, to increase financial accessibility in the arts industry and actively support the continued growth of the K-culture industry.”
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