Yoon Dae-hee, Chairman of Shinbo, "Guarantee Scale at Record High 80 Trillion... Active Support for SMEs"

Yoon Dae-hee, Chairman of the Korea Credit Guarantee Fund

[Asia Economy Reporter Song Seung-seop] Yoon Dae-hee, Chairman of the Korea Credit Guarantee Fund (KODIT), expressed a strong commitment to actively support small and medium-sized enterprises (SMEs) on the occasion of KODIT's 45th anniversary.

On the 1st, Chairman Yoon held an anniversary ceremony at the headquarters in Dong-gu, Daegu, via a non-face-to-face video conference, urging, "Since this year's guarantee scale has been set at a record high of 80 trillion won, please actively support SMEs so they can spread their wings."

He continued, "Although all economic indicators have greatly improved, the perceived business conditions of SMEs remain difficult," emphasizing, "We must generously support the funds necessary for productivity improvement and investment expansion so that key industries such as semiconductors, automobiles, and shipbuilding can drive economic growth." Regarding the startup sector, he stated, "Let's fully support the scale-up program and expand support capabilities for companies possessing core technologies and promising venture companies to lead the second venture boom."

Regarding ESG (Environmental, Social, and Governance) management, which has become a hot topic in the financial sector, he asserted, "It is time to lead the transition of SMEs to ESG management." He expressed the intention to utilize means such as credit insurance, guarantee-linked investments, and securitization company guarantees for inclusive finance, carbon neutrality, and green businesses. At the same time, he proposed, "Let's firmly establish our ESG management system reflecting the value of public interest," and "Let's strive to embed values such as transparency, fairness, customer orientation, safety, and cooperation throughout management."

As a measure for the rapidly changing digital environment in the industry, he mentioned, "We must enhance the capabilities of our members in line with the rapid spread of digital transformation and artificial intelligence technology to raise KODIT's digital competitiveness."

Meanwhile, established in 1976 under the Korea Credit Guarantee Fund Act, KODIT has supplied a total of 941.4 trillion won in guarantees over 45 years.

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