The Korea SMEs and Startups Agency (KOSME) announced that it signed a memorandum of understanding (MOU) with the Credit Guarantee Fund on July 30 in Daegu to support the global expansion and scale-up of mid-sized enterprises.
This agreement aims to combine the policy capabilities of both organizations to establish a multifaceted support system that enables promising domestic mid-sized enterprises to evolve into globally competitive companies.
The two organizations will collaborate on initiatives including: supporting companies' entry into overseas markets through market development and investment attraction; fostering global leading companies and scale-up support through the linkage of KOSME's policy funds and Credit Guarantee Fund's guarantees; and enhancing policy support through research on domestic and international financial systems.
In particular, they will strengthen policy support throughout the entire process of overseas expansion to ensure that promising domestic mid-sized enterprises successfully establish themselves in global markets and secure international competitiveness.
To facilitate this, KOSME will integrate its policy funds with the Credit Guarantee Fund's guarantee support system, enabling mid-sized enterprises to smoothly secure the necessary funding for overseas market entry and market development. This will provide the momentum for stable growth in the global market based on large-scale funding.
Additionally, KOSME will systematically support the establishment of promising companies in global markets by linking its overseas infrastructure with the Credit Guarantee Fund's programs.
To achieve this, KOSME will utilize its overseas bases, such as the Global Business Center (GBC) and K-Startup Center (KSC), to offer tailored programs from local settlement support to investment attraction and commercialization, while expanding networking opportunities for companies entering foreign markets and relevant organizations.
Furthermore, they will provide office and residency space at overseas bases to assist companies in settling locally, and both organizations will strengthen their collaborative framework by jointly utilizing these overseas bases. Moreover, they will offer tailored support at various growth stages by linking the Credit Guarantee Fund's financial and non-financial support to promising companies participating in KOSME's overseas base programs and global projects.
Previously, KOSME announced on June 26 that it supported the issuance of corporate bonds worth 204 billion won for 70 promising mid-sized enterprises through its 2026 Scale-Up Finance (P-CBO) initiative.
Gang Seok-jin, President of KOSME, stated, "Building a strong ladder for mid-sized enterprises, which are the backbone of our economy, to leap to become leading companies is key to restoring the dynamism of the national economy. Through this agreement, we will combine KOSME's policy funds, overseas infrastructure, and the Credit Guarantee Fund's policy capabilities to support promising domestic mid-sized enterprises in becoming global leaders."
* This article has been translated by AI.
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