Jungjinkong "Jungjin Fund Receives Highest Grade 'Excellent' in Fund Management Evaluation for 2 Consecutive Years"

[Asia Economy Reporter Kim Bo-kyung] The Small and Medium Business Corporation announced on the 25th that the Small and Medium Venture Business Startup and Promotion Fund (Jungjin Fund) received the highest grade of "Excellent" in the Ministry of Strategy and Finance's 2020 fiscal year fund management evaluation.

The Jungjin Fund also received the "Excellent" grade in last year's fund management evaluation, achieving the highest grade for two consecutive years. The evaluation grades in the fund management evaluation conducted by the Ministry of Strategy and Finance are divided into six levels: Excellent, Very Good, Good, Average, Poor, and Very Poor.

In particular, last year, 4 out of 44 evaluated funds received the highest grade, but this year, among 41 funds, the Jungjin Fund was the only one to receive the Excellent grade, achieving the best performance among all evaluated funds.

The Ministry of Strategy and Finance formed an evaluation team of private experts from January to May to conduct the fund management evaluation. The evaluation results were reported at the Cabinet meeting on the 25th and are scheduled to be submitted to the National Assembly on the 31st. The fund management evaluation results will be reflected in the public institution management evaluation and the next year's budget increase for fund operation expenses.

The Jungjin Fund is a standby fund temporarily held for project execution after raising resources through bond issuance and other means. Despite being managed as a short-term asset, the Small and Medium Business Corporation was recognized for actively discovering products and reorganizing the asset management system to diversify managed assets and improve efficiency.

Kim Hak-do, Chairman of the Small and Medium Business Corporation, said, "Through the Jungjin Fund, we provide low-interest policy funds to small and medium venture businesses with high growth potential," and added, "We will continue efforts to advance the asset management system and strengthen expertise to improve the stability and efficiency of Jungjin Fund management."

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