[New Year's Address] Yoon Dae-hee, Shinbo Chairman, "Committed to Restoring Economic Vitality and Supporting Innovative Growth"

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

[Asia Economy Reporter Kwangho Lee] Yoon Dae-hee, Chairman of the Korea Credit Guarantee Fund, stated on the 31st, "We will strive to restore economic vitality and support innovative growth to fully back the complete normalization of the economy."

In his New Year's address, Chairman Yoon said, "Amid ongoing domestic and international uncertainties, it is necessary to provide active financial support to completely overcome the COVID-19 crisis and enable the economy to grow dynamically."

To this end, Chairman Yoon plans to maintain an expansionary guarantee policy by setting the total guarantee amount at 80.3 trillion won.

He emphasized, "In particular, we will supply guarantees totaling 50.5 trillion won?an increase of 2 trillion won compared to last year's plan?to key policy sectors such as export companies and New Deal fields, and expand support to nurture future core industries like the Big 3 sectors of future cars, system semiconductors, bio-health, as well as small and medium-sized materials, parts, and equipment industries and K-Content."

He added, "We also plan to prepare enhanced programs to promote the growth of ventures and startups into unicorn companies and to commercialize excellent technologies and intellectual property."

Chairman Yoon expressed his intention to create a higher level of customer value through the activation of big data platforms and digital innovation.

He stated, "We will form a dedicated digital innovation team to accelerate digital transformation and expand customer-friendly financial services centered on big data and digital technologies, such as the AI-based 'Enterprise Analysis System' and 'Alternative Credit Evaluation' for companies with insufficient financial history."

Furthermore, he said, "To assist small and medium-sized enterprises in adopting ESG (Environmental, Social, and Governance) management, we will actively support funds needed for low-carbon business transitions and the use of new and renewable energy, strengthen non-financial support such as various financial incentives and consulting, and further activate social finance by expanding the use of the 'Social Economy Enterprise Evaluation Model.'"

In conclusion, Chairman Yoon urged, "Let all employees boldly take on challenges with the mindset of being creators of change and further expand the role of the Korea Credit Guarantee Fund to support the competitiveness improvement and sustainable growth of small and medium-sized enterprises."

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