kotec - korea
TRANSCRIPT
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Jong-Man Park
Director, KOTEC
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Founded in 1989 by the government Under ‘Korea Technology Credit
Guarantee Fund Act’ Mission - to enhance technological
competitiveness of SMEs - to contribute to technological
development of the nation Launched technology appraisal system
in 1999
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Technology Appraisal of KOTEC
- Systematic & in-depth procedure of technology valuation
End results
- Technology Appraisal Report with technology ratings or monetary values expressed on the cover
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Technology ratings
- Essential factor in the credit guarantee decision
- good reference for local banks’ loan decision
Monetary Value
- Used for purchase or transfer of technologies, for M&A of technology business units
- Collateral value of intellectual property such as patent
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Organization
- 52 Technology Appraisal Centers(Branch)
- Central Technology Appraisal Institute
- 2 Technology Convergence Centers
Manpower
- over 530 in-house experts
- over 1,000 external advisors
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Primary product of KOTEC’s credit guarantee business
Feature: integration of technology appraisal into guarantee approval process
Main tool: KTRS(KOTEC Technology Rating system)
- Applicants’ technology competence and future growth potentials are analyzed
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Each and every credit guarantee application go through the KTRS
34 indices evaluated
4 categories - CEO's competence - technological capability - marketability - business feasibility
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Rating scale: AAA~D
guarantee eligibility: B or above
Various Models
- Start-up Appraisal Model
- R&D Appraisal Model
- Knowledge Service Appraisal Model
- Cultural Content Appraisal Model
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The outstanding balance of credit guarantees stood at 20 trillion KRW(15 bil. EUR) as of June t
his year
91.4% of it offered through the Technology
Appraisal Guarantee Scheme
Major Role - Eased tech SMEs’ credit crunch during Asian
currency crisis & in the wake of the global financial crisis in 2008
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Korea Technology Finance Corporation(KOTEC)