Korea Technology Finance Corporation

Technology Appraisal

History of Technology Appraisal Service

History of Technology Appraisal Service

Since it founded its first Technology Appraisal Center and launched its technology appraisal service in Korea in March 1997, KOTEC has been serving as the leading technology appraisal institution, setting major milestones in the technology appraisal market including the launch of technology appraisal-based credit guarantee system and development of the KTRS, or Kibo Technology Rating System.


1990s View

Mar. 1997

Opened its first Technology Appraisal Center


May. 1997

Designated as an agency for the appraisal of the technological competence and business feasibility of patented technology (Invention Promotion Act)


Oct. 1997

Designated as an appraisal agency for evaluating the value of investment made in-kind through transfer of IPs by Venture Businesses (Act on the Special Measures for the Promotion of Venture Businesses)


Aug. 1998

Designated as an appraisal agency for identifying Venture Businesses (Act on the Special Measures for the Promotion of Venture Businesses)


Nov. 1998

Designated as a technology appraisal agency for the valuation of the intellectual properties invested in-kind by foreigners (Foreign Investment Promotion Act)


Feb. 1999

Implementation of its credit guarantee system backed by the technology appraisal




2000s View

Apr. 2001

Designated as a professional agency specializing in technology appraisal, transfer of technologies and commercialization (Technology Transfer Promotion Act)


Jul. 2001

Designated as a technology appraisal agency for the evaluation of Venture Businesses seeking to be listed on the KOSDAQ (Korea Securities and Dealers Association)


Aug. 2001

Designated as a technology appraisal agency for the selection of INNO-BIZ enterprises (Ministry of SMEs and Startups)


Sep. 2004

Launched a technology appraisal certification system (for internal use)


Jul. 2005

Implemented the new KIBO Technology Rating System(KTRS)


Apr. 2007

KTRS acquired domestic BM patent


Apr. 2008

Applied a patent registration for the international patent (PCT) for the KTRS in other countries (Japan, China, and Singapore)


Oct. 2009

Acquired a Korean patent for KTRS-SM which is used for assessment of startups




2010s View

Apr. 2010

Designated as the appraisal agency for green certification by the government


Oct. 2010

KTRS Feedback System acquired domestic patent


Jan. 2011

Applied and implemented the research results for the advancement of KTRS (KTRS-V2.0)


Nov. 2012

Developed a Green Technology Rating Model (GTRS) for improved assessment of green technology and related industries


Dec. 2013

Improved the KTRS models and redefined system processes by applying the results of commissioned research


Jun. 2014

Designated as one of the Tech Credit Bureaus(TCB)


Jul. 2014

Developed the Pre-Startup Appraisal Model


Jul. 2015

Applied for BM patents (2 cases) on technology appraisal methods and know-how


Dec. 2015

Developed the Technology Appraisal Model used for ensuring informed decision makings in equity Investment


Jan. 2016

Implemented "Technology Credit Appraiser" certificate system for the public


Aug. 2016

Joined the Climate Technology Center and Network (CTCN)


Oct. 2016

Received the "Presidential Award" for Financial Reform


Dec. 2016

Awarded the "IP Commissioner (Prime Minister) Award" for its IP promotion activities


Sep. 2017

Launched the Online KIBO Patent Appraisal System (KPAS)


Nov. 2017

Hosted an International Symposium on the 20th Anniversary of its technology appraisal business



TOP