New Report, Gyeongpyeong Achieves 'A Grade'... Supporting SMEs Affected by COVID-19

[Asia Economy Reporter Kwangho Lee] On the 22nd, the Korea Credit Guarantee Fund announced that it received an A grade in the "2020 Public Institution Management Performance Evaluation" conducted by the Ministry of Economy and Finance.

In this evaluation, no institution received the highest grade of Excellence (S) among the total six evaluation grades, and out of 131 institutions evaluated, 23 institutions received the highest grade of A this year.

Among the 12 quasi-governmental institutions under fund management, including the Korea Credit Guarantee Fund, 4 institutions including the Korea Credit Guarantee Fund received an A grade.

The Public Institution Management Performance Evaluation has been conducted annually since 1983 under the supervision of the Ministry of Economy and Finance to establish an autonomous and responsible management system for public institutions.

Last year, the Korea Credit Guarantee Fund supported guarantees totaling 55.4 trillion KRW, the largest ever, to help companies affected by COVID-19 overcome the crisis quickly, shortened processing times by implementing non-face-to-face screening procedures to promptly supply guarantees, and actively supported the Korean New Deal through the introduction of the "Joint Project Guarantee."

A representative of the Korea Credit Guarantee Fund said, "This result is the outcome of the efforts of all employees to overcome the COVID-19 crisis and support affected companies," adding, "We will continue to fulfill our social responsibilities as a public institution in line with public expectations and play a key role in rapid economic recovery and the major transition to a leading economy."

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