The Korea Technology Finance Corporation (Korea Technology Finance Corporation, Chairman Kim Jong-ho, hereinafter referred to as KIBO) announced on the 26th that it has established and launched the service of the 'Public-Private Collaboration M&A Platform for SMEs (hereinafter referred to as the 'M&A Platform')', which provides one-stop support from public-private collaboration to SME M&A demand discovery, consulting, brokerage, and financing.
This project was promoted as a follow-up measure to the Ministry of SMEs and Startups’ ‘SME Leap Strategy’ and the Ministry of Strategy and Finance’s ‘Corporate Growth Ladder Construction Plan’ announced by the government last year. Kibo established an M&A transaction information network within the nation’s largest technology transaction platform ‘Smart Tech Bridge’ to enable applications from companies wishing to sell or buy. Through this, the plan is to combine the private sector’s professional brokerage capabilities with Kibo’s financial support capabilities to revitalize the SME M&A market.
In addition, Kibo plans to operate various specialized guarantee products to support entry into new industries through M&A and stable business succession. Representative products include ▲'Technology Innovation M&A Special Guarantee' to support M&A funds for excellent technology companies, ▲'Corporate Acquisition Guarantee' to support corporate restructuring and normalization of insolvent companies, and ▲'Corporate Succession M&A Special Guarantee' that reflects the demand for business succession due to the aging of representatives.
It also provides technology protection services to prevent technology theft and leakage. Kibo plans to safely manage and protect the company's technology assets during the M&A process through the 'Tech-Safe' platform. M&A companies can receive up to five cases of the Evidence Guardian (TTRS) service, which allows them to register technology transaction records and use them as evidence in the event of technology theft.
Lee Sang-chang, CEO of Kibo, said, “The M&A platform is the first of its kind in Korea, a public-private partnership, and is an innovative model that combines the private sector’s professional brokerage services with Kibo’s demand discovery and guarantee support.” He added, “Kibo will do its best to respond to management risks such as the aging of small and medium-sized business CEOs through customized support for each M&A type, and to help small and medium-sized venture companies secure new growth engines through M&As.”
Registration through the M&A platform will be available from the 26th, and detailed information on M&A brokerage and financial support can be obtained through the Kibo M&A Support Center.
- See more related articles
You must be logged in to post a comment.