New President of Shinbo Central Association: Lee Sang-hoon, Former Senior Specialist of the Democratic Party

Request for Expanding Customized Guarantees and Developing Data-Driven Guarantee Services

Lee Sang-hoon, the new president of the Korea Credit Guarantee Fund Central Association. Photo by Shinbo

[Asia Economy Reporter Kim Heeyoon] The Korea Credit Guarantee Fund Central Association announced on the 20th that Lee Sang-hoon, former senior expert committee member for small and medium venture businesses of the Democratic Party of Korea, will be inaugurated as the new chairman.

Chairman Lee Sang-hoon entered public service in 1993 by passing the 36th Administrative Examination. He has served as Director of the Management and Marketing Bureau at the Small and Medium Business Administration, Director of the Small Business Policy Bureau, Director of the Small Business Policy Office at the Ministry of SMEs and Startups, Director of the Planning and Coordination Office, and senior expert committee member for small and medium venture businesses of the Democratic Party of Korea.

Chairman Lee will support the sound development of 16 regional credit guarantee foundations established by metropolitan local governments to guarantee debts of small enterprises and small business owners lacking physical collateral with credit. Additionally, he will lead the Korea Credit Guarantee Fund Central Association, which performs re-guarantee operations to expand the guarantee supply capacity of regional credit guarantee foundations, for the next three years.

In his inaugural speech, Chairman Lee stated, "The Central Association of Credit Guarantee Funds should take pride in playing a significant role in helping small business owners overcome crises and recover damages by expanding guarantee supply together with regional foundations." He added, "It is necessary to expand customer-centered customized guarantees such as non-face-to-face guarantees, strengthen risk management due to the expansion of guarantee scale, develop new guarantee services based on data, and establish a creative and innovative organizational culture."

Profile

△ Born in Daegu in 1963 △ Gyeongbuk Provincial Daegu High School △ Hanyang University, Department of Public Administration △ Master’s in Public Administration, Hanyang University △ 36th Administrative Examination △ Planning and Budget Officer, Small and Medium Business Administration △ Innovation Management Senior Officer, Presidential Secretariat △ Director of Technology Innovation Bureau, Small and Medium Business Administration △ Director of Small Business Policy Bureau △ Director of Management and Marketing Bureau △ Director of Small and Medium Enterprise Policy, Ministry of SMEs and Startups △ Director of Small Business Policy Office △ Director of Planning and Coordination Office △ Senior Expert Committee Member for Small and Medium Venture Businesses, Policy Committee, Democratic Party of Korea

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