The Korea Technology Finance Corporation (KIBO) (Chairman Kim Jong-ho, hereinafter referred to as KIBO) announced that it held a "On-site SME Financial Support Briefing Session" at the Hanoi Convention Center in Vietnam on November 5th, in collaboration with the Korea-ASEAN Financial Cooperation Center (Director Lee Young-jik). This event, building on the success of the briefing session held in Jakarta, Indonesia in September, was designed to provide financial support for Korean SMEs entering the ASEAN market.
Held in Hanoi, a city with a high concentration of manufacturing and technology startups, this information session, sponsored by the Embassy of the Republic of Korea in Vietnam, attracted a significant number of local financial institutions and venture capital firms. Representatives from major commercial banks, including Industrial Bank of Korea, Shinhan Bank, Woori Bank, Hana Bank, and KB Kookmin Bank, as well as Vietnam- and Singapore-based venture capital firms such as SV Investment, STIC Investment, The Ventures, and VSV Capital, attended and demonstrated strong interest.
The event began with a welcoming address from the head of Kibo's Singapore branch, followed by an introduction to Kibo's technology assessment and overseas expansion guarantee system, an introduction to local Vietnamese financial products by banks, a presentation on ASEAN investment trends and fundraising strategies by venture capitalists, and a sharing of investment strategies and procedures by Singaporean and Vietnamese venture capitalists. Private IR sessions and one-on-one customized financial consultations were also held for each company, offering a variety of financial solutions, including investment, guarantees, and loans.
In particular, KIBO immediately initiated the process of providing overseas expansion guarantees totaling 4.5 billion won to five companies, providing practical and effective financial support. Attendees praised the event, saying, "It was a meaningful event where guarantee institutions, banks, and venture capitalists came together to present concrete financing plans."
Lee Young-jik, Director of the Korea-ASEAN Financial Cooperation Center, said, “This Hanoi briefing session simultaneously demonstrated the expandability of Korea-ASEAN financial cooperation and the tangible results of supporting local companies.” He added, “The center will continue to strengthen the financial and investment ecosystem across ASEAN by working with related organizations, including the Korea Development Bank.”
Kwak Yong-ju, head of Kibo’s Singapore branch, said, “As a key base in the ASEAN market, the Singapore branch provides multifaceted support for the global expansion of domestic innovative companies.” He added, “Following Indonesia, we will actively support the overseas expansion of technology SMEs in Vietnam by strengthening customized financial solutions and investment connections.”
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