The Korea Technology Guarantee Fund announced on August 19 that it has signed a memorandum of understanding with BNK Gyeongnam Bank to provide productive financial support for the development of future strategic industries.
The AtoF initiative refers to advanced strategic industries identified by the government as six key growth engines: artificial intelligence (AI), biotechnology, cultural content, defense, energy, and advanced manufacturing.
This agreement aims to enhance financial accessibility for technology-based small and medium-sized enterprises (SMEs) in high-potential future strategic industries, thereby supporting their technological competitiveness and stable growth.
Under the agreement, the Korea Technology Guarantee Fund will provide a guarantee support agreement worth 50 billion won based on a 5 billion won guarantee fee support from Gyeongnam Bank for AtoF-related companies. Gyeongnam Bank will support a guarantee fee of 0.5 percentage points for two years.
The two institutions plan to actively identify promising companies in future strategic industries through this agreement and strengthen cooperation to ensure that productive finance is smoothly supplied to companies with high innovation and growth potential.
Kwon Hyung-taek, chairman of the Korea Technology Guarantee Fund, stated, "To enhance the competitiveness of future strategic industries, it is crucial to provide timely funding to SMEs with excellent technology and innovative capabilities. The Korea Technology Guarantee Fund will actively support sustainable growth for outstanding technology companies by expanding cooperation with financial institutions."
* This article has been translated by AI.
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