The Credit Finance Association is set to strengthen support for expanding venture capital supply to new technology finance companies through improvements in investment-related systems and professional training. The association aims to enhance the investment environment based on feedback from member companies and to expand educational functions and domestic and international networks to boost the competitiveness of the new technology finance sector.
Lee Dong-cheol, the head of the Credit Finance Association, stated at a meeting with representatives of new technology finance companies hosted by the Financial Supervisory Service on July 9 at The Plaza Hotel in Seoul, "New technology finance companies have invested 1.7 trillion won in small and venture businesses in just the first quarter of this year, playing a crucial role in supporting the growth of startups and innovative enterprises."
He emphasized, "The association will continue to strengthen support for the sector through system improvements, professional training, and the enhancement of domestic and international networks to expand investment."
This meeting marked the first official gathering of top executives in the sector since Lee's appointment, where representatives from the Financial Supervisory Service and new technology finance companies discussed the healthy development direction and system improvement measures for the new technology finance industry.
Lee Jin, Deputy Director of the Financial Supervisory Service's Small Finance Division, remarked, "It is essential to improve investment-related systems and investor protection measures that align with recent changes in the industrial environment. We will spare no institutional support to ensure that the new technology finance sector, which plays a significant role in the domestic venture investment market, can expand its venture capital supply."
* This article has been translated by AI.
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