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KIST Joins Hands With Woori Bank To Extend Support To SMES Which Have Excellent Technologies (2015.02.09)
- Date : 2015-04-16
- Views : 7181
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KIST Project Management Team
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Korea Institute of Science and Technology (KIST, President Lee Byung-gwon) said KIST and Woori Bank set out to provide systematic financing to small and medium-sized enterprises (hereinafter “SME”) which have outstanding technologies. Those SMEs which have excellent technological capabilities but lack specialized managerial knowhow will now be able to receive a total solution encompassing business management strategy, finance, operation and tax affairs management.
KIST and Woori Bank signed the “MOU to establish a financial support system for SMEs with excellent technologies” on February 9 in the presence of Lee Byung-gwon, President of KIST, and Lee Kwang-gu, CEO of Woori Bank.
In accordance with the MOU, SMEs with outstanding technology capabilities and high growth potential and KIST’s family companies can receive systematic technology financing support such as ‘Outstanding Technology Business Credit’, ‘On-Lending Credit’, ‘One-Stop Credit’, ‘Technology Business Start-up Credit’,and ‘IP-holding Business Credit’ without having to pay technology evaluation fees. In addition, a total solution to support overall business management from management strategy to finance, operation and tax will be provided to SMEs which face difficulties in securing workforce with expertise in business administration.
KIST and Woori Bank will provide support firstly to the members of the K-Club, which was established in 2013 for the purpose of supporting SMEs, and will gradually expand the scope of recipients. On the day the MOU was signed, Compass Systems, a member of K-Club, entered into a contract with Woori Bank to receive ‘Woori Creative Technology Business Credit.’ With the financing support, Compass Systems will make a spurt on technology development and marketing so as to exploit new markets. Lite Pharm Tech, another member of K-Club, will receive ‘On-Lending’ Credit after TCB is completed. Chairman Lee Byung-gwon said “KIST will continue to provide substantial support so that technology-competent SMEs can grow into competitive global players.”
Lee Kwang-gu, CEO of Woori Bank, said “We will provide systematic financial support at favorable interest rates in order to boost the growth of KIST’s family companies and competent SMEs.”