Korea Technology Finance Corporation (KOTEC) under the Ministry of SMEs and Startups has begun the process to appoint its next chair.
Korea Technology Finance Corporation (KOTEC)'s executive recommendation committee said on the 22nd that it will publicly recruit candidates for the next chair from the 23rd through Jan. 2 next year.
Korea Technology Finance Corporation (KOTEC) is a specialized technology finance institution that helps small and midsize companies with technological strength but insufficient collateral raise funds from financial institutions.
Under the Act on the Management of Public Institutions, Korea Technology Finance Corporation (KOTEC)'s executive recommendation committee recommends multiple candidates, and the President appoints the next chair upon the recommendation of the Minister of SMEs and Startups.
Current Korea Technology Finance Corporation (KOTEC) Chair Kim Jong-ho's term ended in Nov. last year, but the corporation has not found a successor, so Kim remains in the post. Korea Technology Finance Corporation (KOTEC) launched an open call for chair candidates at the end of last year, but later suspended the selection process due to the Dec. 3 martial law incident.
The chair's term at Korea Technology Finance Corporation (KOTEC) is three years, and the term may be renewed in one-year increments based on job performance and other factors.