Korea Credit Guarantee Fund (KODIT) announced that it held the 2024 Listing Information Session and KODIT StaIR, an investor relations event for startups, at the Unicorn Lounge of Expo Tower in Daejeon on Nov. 8.
The event was organized to provide information to help innovative startups go public smoothly, and to support startups in attracting private investment.
It was held for the first time in the Daejeon region to raise interest in regional companies, and promote investment in them.
In the first part of the session, an expert spoke about special listing evaluation for technology special listing. Lee Chi-heon, CEO of ALUX which was listed on KOSDAQ on Nov. 1, made a presentation on know-how in his company’s successful IPO.
“ALUX is an excellent example of cases where companies with technology that succeeded in going public through support from policy finance,” Lee said.
“We will take off to become a global lightweight drone leader in the next five years based on this listing.”
Chae Byung-ho, a director of KODIT, delivers a greeting at the 2024 Listing Information Session and KODIT StaIR at the Unicorn Lounge of Expo Tower in Daejeon on Nov. 8.
In the second part of the event, four companies selected by KODIT and Daejeon-based venture capital firms made IR pitches, dubbed KODIT StaIR.
Participating companies and investment institutions had heated discussions on networking and joint follow-up investments ensued between them.
Meanwhile, KODIT is investing 67 billion annually in companies with big growth potential. In June, it significantly eased restrictions on regional investment, increasing the proportion of regional investment from 41.5 percent in 2023 to 73.5 percent in September.
Seeing Eye to Eye on Spread of Public Technology with ETRI
KODIT announced on Nov. 4 that it signed a business agreement with the Electronics and Telecommunications Research Institute (ETRI) for the diffusion of public technologies.
The agreement aims to promote the diffusion of innovative public technologies to the private sector.
Those technologies are expected to lead the future of Korea’s industries and create a technological innovation ecosystem.
Under the agreement, KODIT will provide guarantees to companies that transfer the ETRI's technologies or conduct commercialization-linked R&D activities for them.
In addition, through Innovation 1, a comprehensive solution tailored to complex needs, KODIT will provide a one-stop service by using not only its but also other organizations’ support projects.
The ETRI will recommend innovative technology companies that have received transferred technology or investment or spun off to KODIT, and provide growth programs for companies which received KOSDAQ’s financial and non-financial support.
MOU with TCG of Thailand
KODIT announced on Nov. 8 that it inked a memorandum of understanding (MOU) with Thai Credit Guarantee Corporation (TCG) to develop credit guarantee systems in and support the growth of SMEs both countries.
Under the agreement, the two organizations will share experience in operating credit guarantee systems, exchange personnel to increase their capabilities, support Korean and Thai companies doing business abroad and improve credit rating models and risk management systems.
After signing the MOU, KODIT provided a training program to the Thai delegation on its credit rating system and indemnity right management.
Participants had a brisk discussion to understand the way the two countries support their SMEs.
“Through this MOU with TCG, we will strengthen cooperation for the global expansion and growth of SMEs in both countries,” said Choi Won-mok, chairman of KODIT.
“KODIT will continue to spread Korea’s credit guarantee systems and expand its partnerships with various countries and international organizations.”
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