Major Footprints
1980's
- Dec. 1986
'The Financial Assistance to New Technology
Business Act' was enacted - Apr. 1989
KOTEC was established as a non-profit institution
that provides a targeted financial support toward
technology-oriented SMEs in compliance with the
aforementioned act
1990's
- Feb. 1994
'Technology-Preferential Guarantee System' was introduced
- Mar. 1997
Opened 'Technology Appraisal Center'(TAC) (1st ever in Korea)
- Nov. 1998
Outstanding credit guarantee balance exceeded 10 trillion Won
- Feb. 1999
'Technology Appraisal Guarantee System' was launched
2000's
- Dec. 2001
Outstanding credit guarantee reached 15 trillion Won
- Aug. 2002
'The Financial Assistance to New Technology Business Act' was abolished and 'The Kibo Technology Fund Act' was newly legislated
- Apr. 2004
Outstanding credit guarantee balance exceeded 10 trillion Won
- Apr. 2005
Moved its head office to Busan in accordance with the national policy of decentralization of public sector institutions
- Jul. 2005
KOTEC's proprietary KTRS (Kibo Technology Rating System) was launched
- Jan. 2007
Unified all guarantee provision practice to be based on KTRS
- Apr. 2007
KTRS was Patented
- Jan. 2008
Converted all branches to be Technology Appraisal Centers
Adopted "KTRS-Startup" model for startup companies - Dec. 2008
Developed R&D Appraisal model and established Special Guarantee scheme for R&D projects
- Jan. 2009
Ranked as an excellent institution by government's assessment on public sector institutions
(Three consecutive years)
Changed its English CI into 'Korea Technology Finance Corporation (KOTEC)'
(Previously 'Kibo Technology Fund') - Sep. 2009
Implemented Culture Industry Completion Guarantee scheme to support creative culture & contents business ventures
2010's
- May 2011
Moved into a newly-built head-office building located at Munhyeon International Finance Complex in Busan
- Dec. 2011
Exceeded cumulative total guarantee supply of 200 trillion Won
- Jun. 2012
Amended "the Korea Technology Finance Corporation Act" to make equity investment for early-stage ventures to be a legitimate business of KOTEC
- Nov. 2013
Held the 26th ACSIC Conference in Busan
- Jan. 2014
Designated as the only public institution for the 'Technology Bureau'
- Jul. 2015
Developed 'KOTEC Technology Matching System(KTMS)'
- Sep. 2016
Renamed as Korea Technology Finance Corporation by amendment of the Act
- Dec. 2016
Total of KRW 300 trillion in guarantee provided, KRW 21.2 trillion in Guarantee outstanding and 71,000 firms in guarantee recipients
- Nov. 2017
Held an international symposium to celebrate the 20th anniversary of Technology Appraisal Service
- Dec. 2018
Total of KRW 345 trillion in guarantee provided, KRW 22.4 trillion in guarantee outstanding and 78,000 firms in guarantee recipients
- Jan. 2019
Launched Tech Safe, a portal system for providing comprehensive technology protection support
- Apr. 2019
Held ceremony for 30th anniversary
2020's
- Jan. 2020
Selected as an excellent instuition for anti-corruption policy evaulation for 6 consecutive years
- Jan. 2021
Introduced All New ‘Technology Rating System(Artificial Intelligence-based: AIRATE)’
- April. 2021
Designated as an organization dedicated to technology transaction and commercialization of SMEs
- May. 2021
Launched a new Global Brand Identity
- May. 2022
Introduced ‘Carbon Valuation Guarantee’
- Jun. 2022
Introduced ‘Factoring Accounts Receivables without Recourse’
- Mar. 2023
Appointed to Institution of Data Valuation Appraisal