Korea Credit Guarantee Fund and KIAT to Provide Customized Financial Support for Innovative and Industrial Crisis Region Companies

90% Guarantee Ratio for Three Years for Companies in Industrial Crisis Regions

The Korea Credit Guarantee Fund is partnering with the Korea Institute for Advancement of Technology (KIAT) to foster innovative companies and strengthen the financial safety net for businesses located in industrial crisis regions.

Seungjun Kang, Chairman of the Korea Credit Guarantee Fund (right), and Yoonjong Jeon, President of the Korea Institute for Advancement of Technology (KIAT), are posing for a commemorative photo after signing the "Business Agreement for Discovering and Supporting Innovative Companies" and the "Business Agreement for Enhancing the Financial Safety Net in Industrial Crisis Areas" on the 6th at Front1 in Mapo-gu, Seoul. Courtesy of the Korea Credit Guarantee Fund.

The Korea Credit Guarantee Fund announced on the 10th that it signed the "Business Agreement for Discovering and Supporting Innovative Companies" and the "Business Agreement for Advancing the Financial Safety Net in Industrial Crisis Regions" with KIAT on the 6th. These agreements are designed to support the technological growth and global expansion of innovative companies, as well as to further advance the financial safety net for businesses in crisis-affected industrial areas, thereby establishing a foundation for stable management and sustainable growth.

Under the agreement to support innovative companies, if KIAT recommends outstanding firms that are pursuing research and development (R&D), technology transfer, or commercialization, the Korea Credit Guarantee Fund will provide these companies with tailored financial and non-financial programs, including credit guarantees and guarantee-linked investments. The two organizations also plan to actively seek collaboration opportunities to facilitate the successful global expansion of innovative companies.

Mutual support measures for companies in industrial crisis regions will also take effect under the agreement to advance the financial safety net. When a company selected for KIAT’s Regional Industry Crisis Response Secondary Compensation Program applies for a guarantee from the Korea Credit Guarantee Fund, preferential guarantee benefits will be offered—such as a 90% guarantee ratio for three years and a reduction of guarantee fees by 0.2 percentage points.

Kang Seungjun, Chairman of the Korea Credit Guarantee Fund, stated, "By combining our policy expertise and support infrastructure, we can help innovative companies with excellent technology and businesses located in industrial crisis regions achieve stable growth. Moving forward, the Korea Credit Guarantee Fund will continue to strengthen our support system to eliminate blind spots in policy financing and enhance corporate competitiveness."

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