The Korea Technology Finance Corporation (hereinafter referred to as "KIBO") announced that it signed a "Business Agreement to Activate Support for Excellent Companies in Safety Management Activities " with the Korea Occupational Safety and Health Agency (Chairman Kim Hyeon-joong, hereinafter referred to as "KOSHA"), the Industrial Bank of Korea ( Chairman Kim Seong-tae, hereinafter referred to as "IBK"), and the Korea Credit Guarantee Fund (Chairman Choi Won-mok, hereinafter referred to as "Shinbo") at the IBK headquarters in Seoul on Wednesday the 1st.
This agreement was launched to address societal demands for the prevention of major accidents and the creation of a safe industrial environment, and to systematically identify and foster small and medium-sized enterprises (SMEs) that practice safety management. To this end, each organization will leverage its support infrastructure and expertise to collaborate in establishing a foundation for sustainable growth for companies excelling in safety management.
Under the agreement, the Korea Occupational Safety and Health Agency will identify and recommend companies with outstanding safety management practices, while Kibo and Shinbo will provide comprehensive financial and non-financial support, including customized guarantees, technology transfer and commercialization, and management consulting. Industrial Bank of Korea (IBK) plans to actively participate in activities to strengthen industrial safety, while also providing financial support through guaranteed loans, preferential loan rates, and management consulting.
Through this agreement, each organization plans to establish a virtuous cycle that promotes the safety and growth of small and medium-sized enterprises (SMEs), and to provide multifaceted support to SMEs with industrial safety capabilities to resolve funding difficulties and achieve stable growth.
Park Joo-sun, Executive Director of Kibo, said, “Through this agreement, a foundation for systematic support has been established for small and medium-sized enterprises that are leading the way in safety management,” and added, “Kibo will continue to work closely with relevant organizations to actively contribute to the creation of a healthy and safe industrial ecosystem and the expansion of ESG management.”
Meanwhile, KIBO operates a "Safety Infrastructure Guarantee" program to support the financial support needed to prevent accidents, such as replacing aging equipment at safety-vulnerable companies, and to support the growth of safety-certified companies. The company also plans to continue to provide policy support to foster a safe management environment.
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