The Korea Technology Finance Corporation announced on July 15 that Kwon Hyung-taek, former CEO of the Housing and Urban Guarantee Corporation, has been appointed as its new chairman.
Kwon, born in 1968, graduated from Daegu Youngjin High School and studied international economics at Seoul National University. He later earned a master's degree in management information systems from the University of Michigan.
His career includes positions at Woori Bank's Investment Banking Division, as a managing director at HSBC, as a special advisor on economy, finance, and investment to the mayor of Incheon, as vice president of Midan City Development, as a permanent director at Seoul Metro, and as CEO of the Gimpo Gold Line. He also served as the CEO of the Housing and Urban Guarantee Corporation (HUG).
Kwon is recognized for his balanced insights into finance and public service, having experience in both private enterprises and public institutions, along with strong organizational management skills as a CEO.
The Korea Technology Finance Corporation began a public recruitment process for the chairman position after Kim Jong-ho's term ended in November 2024, but it was halted due to the declaration of a state of emergency on December 3. The process resumed a year later in December, but ultimately, candidates did not receive presidential approval, leading to the process being scrapped.
Kwon stated, "The Korea Technology Finance Corporation must take the lead in driving the growth of future strategic industries such as artificial intelligence and deep tech, helping South Korea become a global leader in venture capital. I will do my utmost to strengthen support for innovative growth, including technology guarantees, commercialization, mergers and acquisitions (M&A), technology transactions, and technology protection, so that small and venture companies can emerge as key players in national economic innovation."
* This article has been translated by AI.
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