Financial Services Commission and Korea Institute for Finance co-hosted ‘Open Seminar on Technology Finance’ on November 12, Tuesday. The main purpose of the event was to discuss measures to facilitate financing of technology and intellectual properties.
In the opening speech Chairman Shin Je-yoon expressed his worries that one of the main obstacles in realizing ‘Creative Economy’ is how to valuate technologies and innovative ideas.
“It is difficult to valuate new technologies and ideas in an absolutely objective manner due to the gap between developers’ confidence in their idea and the market’s view toward the technology” Chairman Shin said. He added that information asymmetry and uncertainty toward new technologies are the factors that even widen the gap.
Chairman Shin emphasized that, “Narrowing the gap by introducing authentic and objective technology valuation methods will be the key in creating a healthy ecosystem for start-ups and venture companies.”