Naver Pay and Korea Credit Guarantee Fund to Support Startup Investment Attraction

Connecting Corporate Data with the Platform

Naver Pay announced on the 1st that it has signed a Memorandum of Understanding (MOU) on "Activating the Npay Startup Platform and Creating a Venture Capital Ecosystem" with the Korea Credit Guarantee Fund and Codebox.

From the left, Byeongho Chae, Standing Director of the Korea Credit Guarantee Fund, Jaebak Cho, Chief Business Officer (CBO) of Naver Pay, and Kwangyeol Suh, CEO of Codebox, are taking a commemorative photo after signing a business agreement on the 30th of last month at Naver 1784 in Seongnam, Gyeonggi Province. Naver Pay

Through this agreement, the three companies will support startup and venture companies in securing investment by connecting the corporate data and promising company network owned by the Korea Credit Guarantee Fund with the investor touchpoints on the platform.

The Korea Credit Guarantee Fund's corporate database (DB) and management diagnostic information will be linked to the platform to assist investors in exploring companies and conducting investment reviews.

A mutual data cooperation system will be established, whereby corporate and investor information collected on the platform is utilized by the Korea Credit Guarantee Fund for company discovery, diagnostics, and investment linkage support.

A dedicated section for the Korea Credit Guarantee Fund will be set up within the platform, and joint investor relations (IR) events and special exhibitions are planned.

Npay Startup is an investment platform for startups and venture companies, pilot-operated by Naver Pay and Codebox since July.

The platform provides investment institutions with company information and AI-based summary information and offers companies the opportunity to connect with investors by registering their IR information.

Jaebak Cho, Chief Business Officer (CBO) of Naver Pay, said, "We expect this will provide a foundation for startups and venture companies with growth potential to seek out more diverse investment opportunities."

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