Shinbo, 1st National Headquarters Branch Managers Meeting... Guarantee Total Set at 80 Trillion Won

'2021nyeon Juyo Saeop Chujin Gyehoek' Confirmed

[Asia Economy Reporter Kwangho Lee] On the 9th, the Korea Credit Guarantee Fund (KODIT) held the '2021 1st Nationwide Headquarters Branch Managers Meeting' online in a non-face-to-face format and confirmed the '2021 Major Business Promotion Plan' to overcome the COVID-19 crisis and promote innovative finance for the future era.

At this meeting, KODIT decided to operate the total amount of general guarantees at 57.5 trillion KRW, an increase of 2.5 trillion KRW compared to the previous year, and the total amount of securitization company guarantees at 13.3 trillion KRW, an increase of 4.4 trillion KRW compared to the previous year, to continuously support companies affected by COVID-19. In addition, the total amount of the second financial support program for small business owners will be operated at 9.5 trillion KRW, setting the total guarantee amount for this year at a record high of 80 trillion KRW.

Furthermore, to establish the foundation for the government's 'Korean New Deal Policy,' a new 'New Growth Engine Sector' related to New Deal enterprise support was created in the key policy sectors, and the guarantee supply scale for key policy sectors, including startups and export companies, was expanded to 48.5 trillion KRW, pledging efforts to create jobs and revitalize the economy.

Yoon Dae-hee, Chairman of KODIT, stated, "As a leading policy finance institution, KODIT must mobilize all its capabilities to produce tangible results that the public can feel, along with various efforts for economic recovery." He added, "We will do our best to continuously provide guarantee support to overcome the COVID-19 crisis and actively support the Korean New Deal policy, which changes the lives of the people."

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