Shinbo-KOSHA, Preferential Guarantee Support for Excellent Companies Practicing 'Safety Management'
[Asia Economy Reporter Song Seung-seop] The Korea Credit Guarantee Fund announced on the 13th that it has signed a "Business Agreement to Support Excellent Companies in Safety Management Activities" with the Korea Occupational Safety and Health Agency.
This agreement was established to build a financial support cooperation system between the Credit Guarantee Fund and the Occupational Safety and Health Agency to discover and support the growth of companies excelling in safety management activities.
According to the agreement, the Occupational Safety and Health Agency will recommend about 20,000 companies excelling in safety management activities to the Credit Guarantee Fund, which will provide preferential support to the recommended companies by offering a guarantee ratio (up to 100%) and a discount on guarantee fees (0.2%p reduction).
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A representative of the Credit Guarantee Fund stated, "This agreement was prepared to provide practical support measures that excellent companies in safety management activities can feel," and emphasized, "We will fulfill our role as a policy financial institution by providing substantial incentives that drive win-win cooperation in the field of safety management."
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