The Korea Herald

지나쌤

IBK spurs entry into technology financing

By Shin Ji-hye

Published : Nov. 11, 2014 - 19:41

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The Industrial Bank of Korea said Tuesday that it hosted a two-day internal workshop called “IBK tour for technology financing,” aimed at discussing technology’s impact on the finance sector and finding business opportunities in the field.

On Monday, the bank met with its corporate clients, including ATKO Planning, an eco-material company, and Meta Boimed, a surgical materials producer, to both of which the bank offered technology financing. 
Industrial Bank of Korea CEO Kwon Seon-joo (right) provides financial advice to start-ups at the Korea Polytechnic University in Gyeonggi Province. (IBK) Industrial Bank of Korea CEO Kwon Seon-joo (right) provides financial advice to start-ups at the Korea Polytechnic University in Gyeonggi Province. (IBK)

IBK said it had heard real financing issues from corporate clients as well as their successful business know-how to share with other tech start-ups. It also cohosted a job fair with Korea Polytechnic University in Gyeonggi Province on the same day to help small and medium enterprises in seeking out job candidates.

On the following day, the bank held a meeting at its industrial complex in Changwon, South Gyeongsang Province, where technology financing experts shared their knowledge and information with start-ups in the region. 

In a bid to strengthen the IBK’s capacity to support high-tech start-ups, the bank also signed agreements with the Korea Technology Finance Corporation and the Creative Economy Innovation Centers in Daegu and Daejeon.

“We plan to actively apply the voice of the field into the bank’s policy and to take the lead in boosting technology financing by expanding deals with technology financing institutions,” the company’s spokesperson said.

By Shin Ji-hye (shinjh@heraldcorp.com)