KoreaTechDesk | Korean Startup and Technology News

Sat, August 16, 2025

Sign in

Virtual Demo Day
Menu
  • Home
  • Startup News
    • AI & Big Data
    • AR & VR
    • Blockchain
    • Clean Technology
    • Content & Games
    • Cybersecurity
    • Enterprise & SaaS
    • FinTech
    • Gadgets & Electronics
    • Health & Bio
    • Manufacturing
    • Press Release
    • IoT
    • Marketplaces & E-commerce
    • Robotics
    • Transportation
    • Investments
    • Ecosystem & Lists
  • Governments
    • Artificial Intelligence Industry Cluster Agency
    • Daegu Technopark
    • GANGNAM-GU
    • Gyeonggido Business & Science Accelerator
    • Hwaseong Industry Promotion Agency
    • Invest Seoul
    • Korea Creative Content Agency
    • Korea Internet & Security Agency
    • Korea Information Security Industry Association
    • Korea Institute of Startup & Entrepreneurship Development
    • Korea Tourism Organization
    • Korea Trade-Investment Promotion Agency
    • Ministry of Culture, Sports and Tourism
    • Ministry of SMEs & Startups
    • National IT Industry Promotion Agency
    • Pangyo Techno Valley
    • Seoul Business Agency
    • Seoul FinTech Lab
    • South Gyeongsang Province
    • Seoul Metropolitan Government
  • Events
    • COMEUP
    • Korea Fintech Week
    • K-Content Expo
    • NextRise
    • Try Everything
  • Interviews
    • Investors’ interviews
    • Founders’ interviews
  • Programs
    • Asan Voyager
    • CAPA Global Program
    • Campus Town Program
    • SGSC Global Bootcamp
    • Gangnam-gu Global Roadshow
    • Global SaaS Marketplace Support Project
    • LAUNCHPAD
    • COMEUP STARS 120
    • K-Startup Grand Challenge
    • TIPS X beSUCCESS Global Project
    • SFL Global Program
    • KTO Global Showcase
    • Yonsei Univ Global Class
    • KOSME Global Program
  • Partner With Us
    • Press Release
    • Startup Scouting
    • Business Agencies
    • Global Mentorship Program
    • Investment Opportunities
    • K-Scouter Program
  • Lists
  • Virtual Demo Day
  • Home
  • Startup News
    • AI & Big Data
    • AR & VR
    • Blockchain
    • Clean Technology
    • Content & Games
    • Cybersecurity
    • Enterprise & SaaS
    • FinTech
    • Gadgets & Electronics
    • Health & Bio
    • Manufacturing
    • Press Release
    • IoT
    • Marketplaces & E-commerce
    • Robotics
    • Transportation
    • Investments
    • Ecosystem & Lists
  • Governments
    • Artificial Intelligence Industry Cluster Agency
    • Daegu Technopark
    • GANGNAM-GU
    • Gyeonggido Business & Science Accelerator
    • Hwaseong Industry Promotion Agency
    • Invest Seoul
    • Korea Creative Content Agency
    • Korea Internet & Security Agency
    • Korea Information Security Industry Association
    • Korea Institute of Startup & Entrepreneurship Development
    • Korea Tourism Organization
    • Korea Trade-Investment Promotion Agency
    • Ministry of Culture, Sports and Tourism
    • Ministry of SMEs & Startups
    • National IT Industry Promotion Agency
    • Pangyo Techno Valley
    • Seoul Business Agency
    • Seoul FinTech Lab
    • South Gyeongsang Province
    • Seoul Metropolitan Government
  • Events
    • COMEUP
    • Korea Fintech Week
    • K-Content Expo
    • NextRise
    • Try Everything
  • Interviews
    • Investors’ interviews
    • Founders’ interviews
  • Programs
    • Asan Voyager
    • CAPA Global Program
    • Campus Town Program
    • SGSC Global Bootcamp
    • Gangnam-gu Global Roadshow
    • Global SaaS Marketplace Support Project
    • LAUNCHPAD
    • COMEUP STARS 120
    • K-Startup Grand Challenge
    • TIPS X beSUCCESS Global Project
    • SFL Global Program
    • KTO Global Showcase
    • Yonsei Univ Global Class
    • KOSME Global Program
  • Partner With Us
    • Press Release
    • Startup Scouting
    • Business Agencies
    • Global Mentorship Program
    • Investment Opportunities
    • K-Scouter Program
  • Lists
  • Virtual Demo Day
Home Startup Investments

Korea Credit Guarantee Fund backs 4 startups with a $13 million credit guarantee to become unicorns  

by Jinju Jeon
May 4, 2023
in Investments
0
Korea Credit Guarantee Fund

Korea Credit Guarantee Fund to support 4 Korean startups

0
SHARES
244
VIEWS
Share on FacebookShare on Twitter

The Korea Credit Guarantee Fund (KODIT) has announced its support for four innovative startups through its Innovation Icon Support Program. The KCGF’s program selects startups with innovative business models and new technologies and supports them in becoming unicorn companies. This move comes at a crucial time when the venture investment ecosystem has shrunk due to global financial crises.

Out of 179 applicants, four startups were selected through document screening, on-site inspections, and a professional judging panel. These startups include:

Nota

Nota: The AI startup’s software helps businesses improve the efficiency of their AI models by reducing their size without losing accuracy. This enables companies to deploy AI models more easily and cost-effectively, improving their ability to leverage AI technology in various applications. In 2021, Nota raised $6.7 million in a Series A funding round led by Samsung SDS and LG CNS, among other investors.

QueryPie

CHEQUER Inc.: The startup has developed QueryPie, a cloud data security solution for businesses. The platform allows companies to centralize and manage all their cloud-based data in a single place, ensuring that it is secure, compliant, and easily accessible. QueryPie’s solution supports various cloud platforms, including Amazon Web Services, Microsoft Azure, and Google Cloud Platform.

Qualittas

Qualitas Semiconductor: This semiconductor design company specializes in providing high-performance and energy-efficient IP (Intellectual Property) solutions for System-on-Chip (SoC) applications.  The company was founded in 2018 by a team of industry veterans with over 20 years of experience in the semiconductor industry. 

Furiosa

Furiosa AI: The AI startup provides a software platform that helps optimize AI workloads across a variety of hardware architectures, including CPUs, GPUs, and FPGAs, enabling developers to accelerate AI models while reducing costs and improving performance.Furiosa AI’s platform supports popular deep learning frameworks such as TensorFlow and PyTorch, and can be used for a variety of applications including natural language processing, computer vision, and speech recognition. The company has raised significant funding from investors and has partnerships with major tech companies such as Intel and Toyota.

KODIT program will provide credit guarantees of up to 15 billion won ($13 million) for three years, application of a minimum guarantee rate of 0.5%, support for an additional 0.7% interest rate cut through agreement banks, and other consulting and public relations services. This support will enable selected companies to continue growing and innovating, driving forward Korea’s startup ecosystem.

KODIT’s previous support has led to a sales growth of 44% in 2022 compared to 2021 and a 25.5% employment growth for innovative icon companies. The program aims to provide support to help innovative startups overcome challenges and become unicorns. With this move, the KCGF has once again showcased its commitment to promoting the growth and development of Korea’s startup ecosystem, providing crucial support to innovative startups when they need it the most.

Also Read,

  • Korean government’s 10.5 trillion won investment support plan for startups: Will it suffice to combat economic slowdown?
  • Korean Venture Market in Freefall: Government Scrambles to Salvage a Crumbling Investment Landscape
  • Korean Ministry selects venture fund managers worth $245 million to support startups & entrepreneurship
  • Pangyo Techno Valley: A Thriving Startup Hub in Korea
Tags: AICHEQUERcloud data securitycredit guaranteeDeep-learningfundingFuriosa AIInnovationKorea Credit Guarantee FundNotaQualitas Semiconductorsemiconductor designsoftware platformStartupssupport programtech ecosystemUnicorns
Previous Post

Livestock Tech Startup AIDKOREA wins bronze at the 2023 Edison Awards for its Farmsplan digital healthcare solution

Next Post

Shinhan Financial Group launches $36.5 million fund to invest in Japanese and Korean startups

Next Post
Shinhan

Shinhan Financial Group launches $36.5 million fund to invest in Japanese and Korean startups

POPULAR POSTS

Rebellions Partners with US Firm Marvell to Build Cust...
South Korean AI chip startup Rebellions has…
by Dae-jung Park . 5 Aug 2025

FuriosaAI Becomes Korea’s Newest AI Unicorn with $130...
South Korean AI chip startup FuriosaAI has entered the ranks of the country’s unicorn companies following its ₩170 billion KRW…
by Zee Cindy . 4 Aug 2025

South Korea Selects 13 Global VCs to Lead ₩2.4 Trilli...
New strategic focus on AI, Climate Tech, and Secondaries expands Korea’s Global Fund initiative. South Korea’s Ministry of SMEs and…
by James Jung . 5 Aug 2025

Korea’s NEXT UNICORN Project Draws Surge in VC Intere...
South Korea’s Ministry of SMEs and Startups (MSS) has taken a decisive step to strengthen the nation’s position in AI…
by Zee Cindy . 6 Aug 2025

Announcing Global Content Insight 2025 South Korea: A P...
The Korea Creative Content Agency (KOCCA) has announced Global Content Insight 2025, a global forum that brings together top-tier talent,…
by KoreaTechDesk Writer . 6 Aug 2025

Register for Event

MOST READ ARTICLE OF THE WEEK

1.
South Korea’s Ministry of SMEs and Startups Unveils $2.23 Billion Support Plan for Startups in 2025
3 Jan 2025
2.
South Korea Shines at CES 2025: Global Innovation Champion, Record-Breaking K-Startup Pavilion, Award-Winning Innovations
10 Jan 2025
3.
South Korea Opens Applications for the 10th K-Startup Grand Challenge 2025 – Korea’s Flagship Market-Entry Program Offering ₩950M (US$633K) in Government Support 
7 May 2025
4.
K-Startup Grand Challenge : Empowering Global Startups and Driving Innovation in South Korea
28 Apr 2025
5.
AI in South Korea: Startups Leading the Generative AI Revolution
1 Apr 2025

List Article

1.
6 Reasons Why Seoul Is Poised to Become a Top 5 Global Economic Hub by 2030
20 Aug 2024
2.
Top Co-working Spaces for Startups & Companies to Explore in South Korea
3 Apr 2024
3.
Top Accelerators in South Korea Shaping Startup Success
29 Nov 2023
4.
Top Korean Venture Capital Firms Backing Startup Success
26 Oct 2023
5.
Top Apps for Seamless Korean to English Translation
14 Aug 2023

Similar Articles

AI & Big DataInvestmentsStartup

AIM Intelligence secures $1.3M Pre-A to set global standard in generative AI security

More
Investments

Crit Ventures Backs Korean RaaS Pioneer Neubility with ₩1B ($770K) Investment for Global Expansion

More
Investments

Needer Expands Spot Work Market with Strategic Investment from Japan’s Timee

More

Topics

Menu
  • AI & Big Data
  • AR & VR
  • Blockchain
  • Clean Technology
  • Content & Games
  • Cybersecurity
  • Enterprise & SaaS
  • FinTech
  • Gadgets & Electronics
  • Health & Bio
  • IoT

Program

Menu
  • Asan Voyager
  • CAPA Global Program
  • SGSC Global Bootcamp
  • LAUNCHPAD
  • COMEUP STARS 120
  • K-Startup Grand Challenge
  • TIPS X beSUCCESS Global Project
  • SFL Global Program
  • KTO Global Showcase
  • Yonsei Univ Global Class
  • KOSME Global Program

About

Menu
  • About Us
  • all articles
  • Terms of Use
  • Privacy
  • Cookie-policy
  • twitter

Subscribe and be informed first hand about actual Korean startup news.

All the day’s headlines and highlights, direct to you every morning.

Contact us : [email protected]

Topics

Menu
  • AI & Big Data
  • AR & VR
  • Blockchain
  • Clean Technology
  • Content & Games
  • Cybersecurity
  • Enterprise & SaaS
  • FinTech
  • Gadgets & Electronics
  • Health & Bio
  • IoT

Program

Menu
  • Asan Voyager
  • CAPA Global Program
  • SGSC Global Bootcamp
  • LAUNCHPAD
  • COMEUP STARS 120
  • K-Startup Grand Challenge
  • TIPS X beSUCCESS Global Project
  • SFL Global Program
  • KTO Global Showcase
  • Yonsei Univ Global Class
  • KOSME Global Program

About

Menu
  • About Us
  • all articles
  • Terms of Use
  • Privacy
  • Cookie-policy
  • twitter

Subscribe and be informed first hand about actual Korean startup news.

All the day’s headlines and highlights, direct to you every morning.

© 2023 Koreantech News & Media Korea Zrt. All rights reserved.

Our Spring Sale Has Started

You can see how this popup was set up in our step-by-step guide: https://wppopupmaker.com/guides/auto-opening-announcement-popups/

Our Spring Sale Has Started

You can see how this popup was set up in our step-by-step guide: https://wppopupmaker.com/guides/auto-opening-announcement-popups/

We hope you enjoy our content, May you please give us Feedback regarding our website!

Single Post Feedback

dgdfgfdgdf

What you think about Koreatechdesk, Share your idea with us!

feedback popup

Invitation submission has been closed

Insert/edit link

Enter the destination URL

Or link to existing content

    No search term specified. Showing recent items. Search or use up and down arrow keys to select an item.