Korea Credit Guarantee Fund Receives Prime Minister's Commendation on 'Finance Day'

[Asia Economy Reporter Song Seung-seop] On the 27th, the Korea Credit Guarantee Fund announced that it received the Prime Minister's Commendation in the Inclusive Finance category at the 6th Financial Day ceremony hosted by the Financial Services Commission.

Financial Day is a statutory commemorative day established to raise public interest in finance and to encourage organizations or individuals who have contributed to financial development. This year's ceremony was held online in a non-face-to-face format to prevent the spread of COVID-19. The Korea Credit Guarantee Fund was recognized for its contribution to stabilizing people's livelihoods through policy finance efforts, including support for companies affected by COVID-19.

Last year, the Fund established preferential and special guarantees for COVID-19 and introduced customized support programs for small business owners, providing a total of 65 trillion KRW in policy finance. Additionally, it launched the Social Housing Safety Guarantee system to expand social housing, and introduced trade credit index-linked guarantees and factoring systems without recourse.

A representative of the Fund stated, “Going forward, the Korea Credit Guarantee Fund will continue to play a leading role in revitalizing the national economy and stabilizing people's livelihoods by supporting companies facing management difficulties.”

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