Park Young-sun "Doing Our Best to Settle Guarantee Procedure Simplification"... Visit to Chungnam Shinbo Foundation

Park Young-sun, Minister of SMEs and Startups (center), is visiting the Cheonan branch of the Chungnam Credit Guarantee Foundation on the 23rd to encourage the employees.

[Asia Economy Reporter Kim Daeseop] Park Young-sun, Minister of SMEs and Startups, visited the Cheonan branch of the Chungnam Credit Guarantee Foundation located in Cheonan, Chungnam, on the 23rd.

On that day, Minister Park checked the on-site establishment of simplified guarantee procedures for small business owners affected by the novel coronavirus infection (COVID-19) and the outsourcing status of regional credit guarantee operations to private banks. She also encouraged the employees who are working hard on-site to provide prompt guarantee support.

Park Young-sun, Minister of SMEs and Startups (second from the right), visited the Cheonan branch of the Chungnam Credit Guarantee Foundation on the 23rd and discussed measures to resolve delays in guarantees for small business owners with officials.

The Chungnam Credit Guarantee Foundation operates a total of seven branches, including the Cheonan branch, and has fully implemented the outsourcing of financial company tasks such as guarantee consultations, document submissions, and on-site inspections since the 19th to resolve the backlog of guarantees for small business owners. Additionally, to perform guarantee tasks swiftly, they have hired and are promoting the hiring of fixed-term workers to increase the daily processing volume.

Minister Park said, "We will do our best to ensure that institutional improvements, such as the simplification of guarantee procedures, can be established on-site to provide prompt financial guarantee support to small business owners affected by COVID-19."

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