KIBO, UAMCO Partner on Technology Evaluations to Help Restructuring Companies Make a Fresh Start

Refining restructuring reviews to support companies’ return to normal operations

Korea Technology Finance Corporation (KIBO) is partnering with United Asset Management Corporation (UAMCO) to expand opportunities for companies with strong technological capabilities that are under consideration for restructuring or are targets for debt acquisition to make a fresh start.

The Korea Technology Finance Corporation (KIBO) signed a business agreement with United Asset Management Corporation (UAMCO) at UAMCO's headquarters in Jung-gu, Seoul, on the 12th to provide technology assessments to help companies undergoing restructuring get back on their feet. Agreement participants, including KIBO Chairman Kwon Hyungtaek (third from left) and UAMCO CEO Kim Yunwoo (fourth from left), pose for a commemorative photo after the signing. KIBO

KIBO announced on October 13 that it had signed a “Technology Evaluation Business Agreement to Support the Revival of Restructuring Companies” with United Asset Management Corporation (UAMCO) at UAMCO’s headquarters in Jung-gu, Seoul.

The agreement was established to improve the prospects for restructuring companies to return to normal operations by integrating KIBO’s specialized technology evaluations with corporate analyses focused on financial indicators.

Under the agreement, UAMCO will identify and recommend to KIBO companies under consideration for restructuring and companies targeted for debt acquisition that need technology evaluations, and share the information required for the evaluations. KIBO will conduct specialized technology evaluations of the recommended companies and provide advice on the results.

KIBO will provide technology evaluation results analyzing companies’ technological capabilities, business viability, rights status, and intellectual property competitiveness. It will help assess the prospects for companies to return to normal operations comprehensively, alongside financial analyses.

The agreement is expected to ensure that the technological capabilities of companies experiencing temporary management difficulties are taken into account in restructuring reviews, improve the reviews’ reliability, objectivity, and accuracy, and expand opportunities for technologically strong companies to make a fresh start.

KIBO Chairman Kwon Hyungtaek said, “Strong technological capabilities are an important foundation that can help companies experiencing temporary management difficulties get back on their feet. We will continue to expand cooperation with related organizations and actively support restructuring companies with strong technological capabilities so they can overcome challenges and make a fresh start.”

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