The Korea Credit Guarantee Fund marked its 50th anniversary by reflecting on its achievements alongside small and medium-sized enterprises (SMEs) and outlining plans to enhance its role as a policy finance institution.
On May 28, the fund held a ceremony titled '50 Years of Corporate Partnership' at Dragon City in Seoul. The event aimed to highlight the fund's contributions to the growth of SMEs over the past five decades and to share a vision for sustainable growth moving forward.
Approximately 300 attendees included lawmakers such as Ahn Do-geol, Deputy Chairman of the Financial Services Commission Kwon Dae-young, former Minister of Strategy and Finance Yoon Jeung-hyun, and former Chairman of the Financial Services Commission Kim Joo-hyun, along with financial experts, business representatives, and current and former employees of the fund.
In his speech, Chairman Kang Seung-jun stated, "The past 50 years of South Korea's economy is a history of growth shared between the fund and SMEs. We will continue to fulfill our role as a policy finance institution to support corporate growth in the next 100 years."
Kang emphasized the need to strengthen the fund's role in corporate finance to support economic growth and to pave the way for a new future for the organization.
The fund introduced its 'PIPE' strategy, which encompasses four key areas: Productive finance, Inclusive finance, People-centered financial services, and Enduring sustainable futures. This strategy aims to enhance the support system for businesses.
Established in 1976 with a basic capital of 32.4 billion won and a guarantee balance of 101.6 billion won, the fund has since expanded its policy finance functions, growing to provide over 100 trillion won in financial support, including 13.3 trillion won in basic capital, 78 trillion won in credit guarantees, and 22 trillion won in credit insurance as of the end of last year.
The anniversary ceremony was designed to focus on corporate clients, with the fund presenting awards to 50 outstanding companies recognized for their achievements in five sectors: advanced technology, innovation, and globalization, expressing gratitude to businesses that have contributed to national economic development.
* This article has been translated by AI.
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