The Financial Services Commission and the Korea Intellectual Property Office held the 5th joint forum on intellectual property finance on November 13. In 2022, the volume of firm financing secured from intellectual property amounted to about KRW8 trillion, which was used by some 5,330 SMEs and startup and venture businesses in their business operations. Speaking about the importance of promoting IP financing for businesses, FSC Vice Chairman Kim So-young said that it is important to cultivate many innovative businesses, so that they can help to propel and rekindle our growth potential. To this end, Vice Chairman Kim said that the government will provide active support to promote IP financing to ensure the growth of innovative companies.