The Korea Technology Finance Corporation (hereinafter referred to as “KIBO”) announced on the 25th that it held an informational session and on-site meeting with the Ministry of SMEs and Startups at the FKI Tower in Seoul to expand support for the venture investment ecosystem.
This meeting was held with the aim of activating venture investment and scale-up support, and was arranged for the Ministry of SMEs and Startups and Kibo to directly hear opinions from the venture investment industry and discuss ways to improve the support system. Kibo introduced ▲investment resource support systems for venture capital companies, including special guarantees for VC venture funds ▲Kibo’s various investment-linked guarantee products, etc. to venture capital companies (VCs) and startup planners, thereby increasing their understanding of related systems.
In addition, Kibo exchanged opinions on the field regarding the system of supporting the investment capital of venture capital companies and intensively discussed ways to improve the system to expand venture investment support. Kibo introduced the 'VC Venture Fund Special Guarantee' in July 2021 to support the financing of small and medium-sized venture capital companies, and is supporting the investment capital of up to 5 billion won required for fund formation. Through this, venture capital companies subject to the guarantee can smoothly raise investment capital with preferential conditions such as ▲100% guarantee ratio application ▲lower guarantee fee rate.
Kibo has supported the formation of a total of KRW 596.3 billion in new venture funds through the 'VC Venture Fund Special Guarantee'. Reflecting the opinions raised in the meeting, Kibo plans to continue to improve the system to promote venture investment, and support the innovative growth of technology-based ventures and startups by supporting rapid fund formation by venture capital companies and promoting venture investment.
Kim Jong-ho, CEO of Kibo, said, “Kibo is implementing various investment-linked projects to revitalize the venture investment market through smooth fundraising by VCs,” and “We will actively contribute to revitalizing the venture investment ecosystem through efficient system operation, such as improving the product quality and accessibility of VC venture fund special guarantees by reflecting the opinions suggested at this meeting as much as possible.”
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