KOTEC Builds M&A Matching System to Support Business Succession for Small and Venture Firms

[Financial News] Korea Technology Finance Corporation (KOTEC) has built a business succession M&A matching system to help small and venture firms pass on their businesses and to revitalize the mergers and acquisitions market.
According to KIBO on the 27th, the matching system supports the entire business succession process, from identifying demand among companies seeking succession to connecting them with specialized brokerage firms and managing M&A progress.
It is designed to ease information asymmetry and improve the effectiveness of company matching by centrally managing information on firms seeking to buy or sell, as well as brokerage agencies.
In particular, it uses an intuitive interface and a simple application process to accommodate older executives who are less familiar with online services. Users can easily submit requests for meetings and consulting sessions, as well as register for sale.
KIBO also plans to reflect business succession demand identified through regional meetings and consulting sessions in the matching system, while creating a more reliable brokerage environment centered on companies with genuine transaction intent to increase the chances of successful M&A deals.
KOTEC has established an integrated support system that covers the entire business succession M&A process by linking financial and non-financial support, including acquisition financing guarantees and technology protection.
Details on business succession M&A brokerage and acquisition financing support are available at the KIBO M&A Support Center.

[email protected] Kim Hyun-chul Reporter