KOTEC's Strategic Move into Singapore

In a bold step towards global expansion, the Korea Technology Finance Corp. (KOTEC) has officially launched its first overseas branch in Singapore on June 19. This move underscores Singapore's growing reputation as a financial and industrial hub in Asia, particularly in cutting-edge sectors like artificial intelligence (AI), semiconductors, and biotechnology.

Building a Global Hub for Technology Finance

KOTEC envisions the Singapore branch not just as an overseas outpost but as a pivotal global hub for technology finance. This initiative is part of KOTEC's broader strategy to support companies scaling up and expanding internationally.

Collaborative Efforts with Shinhan Bank

In a significant collaboration, KOTEC is set to sign a business agreement with Shinhan Bank, leveraging its extensive global financial infrastructure. This partnership aims to provide comprehensive financial support for companies venturing into Southeast Asia, including joint financial initiatives, technology-based evaluation cooperation, and enhanced global network connections.

Looking Ahead: Expansion into Silicon Valley

Marking the beginning of its international footprint, KOTEC plans to establish its second overseas branch in Silicon Valley, USA, in the latter half of this year, further cementing its commitment to fostering global technology finance.