Korea Technology Finance ( KOTEC) is an economic development agency based in Busan, South Korea. Established in 1989 by the Korean Government as a non-profit credit guarantee institution, the firm provides full scale supports to SMEs and venture businesses with competitive technology, innovation, and other knowledge-based business contents at all growth stages. The mission of KOTEC is to take a lead in converting the Korean economy to be creative and innovative. The assets of the firm are administered by the board of directors.Korea Technology Finance's investment portfolio is valued at KRW 2.33 trillion with investments in private equity and cash.