The Korea Technology Finance Corporation (KTIC) (Chairman Kim Jong-ho, hereinafter referred to as “KIBO”) announced that it signed a “Comprehensive Business Agreement for Mutually Beneficial Partnership to Support Excellent SMEs in the Media Content Industry and Investment Field” with the Korea Entertainment Management Association (Chairman Moon Yong-seong, hereinafter referred to as “KEMA”) at KIBO’s Seoul office on Tuesday the 25th.
This agreement was promoted to establish a collaborative foundation for the two organizations to jointly discover promising small and medium-sized enterprises in the media content industry and to revitalize the cultural content ecosystem and foster new growth industries.
The Korea Entertainment Management Association (KEMA) is a non-profit organization comprised of approximately 600 members and 280 companies involved in the popular culture and arts planning field, which manages approximately 3,000 leading Korean artists and produces diverse content, including dramas, films, concerts, and musicals. Since its founding in 2007, KEMA has been dedicated to protecting the rights and interests of entertainers and other entertainment industry professionals, and to the globalization and systematic development of popular culture.
According to the agreement, the Korea Creative Content Agency will discover promising companies with planning capabilities and growth potential and recommend them to Kibo, and Kibo will provide financial and non-financial support, such as ▲cultural industry completion guarantees ▲investment linkages ▲venture and innovative business certification, to the recommended companies, thereby strengthening the foundation for innovative growth of cultural content companies.
Kibo CEO Cheon Chang-ho said, “Through this agreement, a foundation for cooperation has been established for promising companies that will lead the future cultural industry to grow,” and added, “Going forward, Kibo will continue to expand collaboration with related organizations and spare no effort in providing policy financing support to cultural industry companies so that they can grow stably.”
Meanwhile, KIBO has been leading the way in fostering a cultural content industry ecosystem by providing guarantees worth over KRW 1.4 trillion by September 2025 since introducing the Cultural Industry Completion Guarantee System, the first of its kind in Korea, in 2009 to foster the cultural content industry.
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