Shinbo Strengthens On-Site Management to Support SMEs Affected by COVID-19

[Asia Economy Reporter Haeyoung Kwon] The Korea Credit Guarantee Fund (KODIT) announced on the 12th that it will implement various field-centered measures to prevent the spread of damage to small and medium-sized enterprises (SMEs) caused by the novel coronavirus infection (COVID-19) and to stabilize the management of affected companies through prompt guarantee support.

On the previous day, KODIT dispatched 10 head office employees to sales organizations located in Daegu and Gyeongbuk regions to provide rapid guarantee support for companies affected by COVID-19 in those areas. Three support staff members within the Daegu-Gyeongbuk Sales Headquarters were reassigned as screening personnel to reinforce on-site manpower.

Additionally, the recruitment process for 150 experiential youth interns is planned to be completed by the end of March, with deployment to 109 sales organizations nationwide in early April. Through this, it is expected that screening personnel in the sales field can be operated efficiently and the guarantee screening period can be shortened.

In particular, Yoon Daehee, Chairman of KODIT, is strengthening field-centered management by operating an emergency response system in Daegu, which has suffered significant damage from COVID-19. He has held multiple video conferences with nationwide sales headquarters heads and frontline branch managers, visited sales organization sites in the Daegu-Gyeongbuk region to listen to difficulties, and is enhancing cooperation between the head office and sales organizations. Efforts are especially focused on simplifying guarantee procedures and preparing rapid response measures.

A KODIT official stated, "We are preparing various measures to ensure there are no setbacks in supporting SMEs affected by the spread of COVID-19," adding, "We will do our utmost to stabilize the management of companies at risk of COVID-19 damage as quickly as possible."

Meanwhile, KODIT has implemented liquidity support programs for SMEs affected by COVID-19 and signed a trade credit insurance business agreement with Gyeongsangbuk-do Province to support premium reductions for SMEs. Furthermore, through supplementary budgets, it plans to supply special liquidity amounting to 1.2 trillion won.

This content was produced with the assistance of AI translation services.