Chairman Kim Joungho of KOTEC Visits Companies Affected by Middle East War

Discussion on Field Meetings and Policy Support

Kim Joungho, Chairman of Korea Technology Finance Corporation (Kibo), visited companies affected by the Middle East war to discuss institutional improvements and policy support measures.

On June 25, Kibo announced that it had visited Yerim Forestry, a manufacturer of interior architectural materials located in Namdong-gu, Incheon, and held an on-site business meeting.

Kim Joungho, Chairman of Kibo (left), is visiting Yerim Forestry and touring the manufacturing facilities. Photo by Kibo

This meeting was organized to visit the site together with regulatory innovation experts, listen to the difficulties faced by small and medium-sized enterprises (SMEs) due to rising prices of raw and subsidiary materials, and seek possible support measures.

Yerim Forestry, established in 2005, specializes in manufacturing interior architectural materials such as doors, door frames, and moldings. The company is equipped with automated production facilities and has secured numerous intellectual property rights through continuous research and development. In addition, it was selected as an excellent design at the 'Good Design Award' in both 2023 and 2024, and won awards at the 'Red Dot Design Award' and 'iF Design Award' in 2025.

Kibo has recognized Yerim Forestry's technological capabilities and growth potential, and has provided tailored guarantees to support funding for the development of high-quality interior finishing materials and mass production of products. Through a financial cost reduction project in partnership with Incheon Metropolitan City, the company has been able to lower its financial burden.

After touring the manufacturing plant with CEO Jeon Yongjin, Chairman Kim Joungho stated, "Kibo is actively supporting small and medium-sized venture companies experiencing difficulties due to the aftermath of the Middle East war. We are working to identify challenges in the field and regulatory improvement tasks together, and to develop support measures that companies can truly feel." He added, "We will continue to pursue on-site centered institutional improvements and practical support so that companies can overcome crises and achieve stable growth."

After the on-site business meeting, Chairman Kim also held an open communication session with employees from Seoul West and Incheon regions, listening to their opinions on social issues, ways to respond to changes in the business environment, as well as safety and health matters. He emphasized the importance of preventing conflicts of interest and establishing a culture of integrity within the organization, stating that management would take the lead in building a trustworthy organizational culture.

This content was produced with the assistance of AI translation services.