'Gyeonggi Shinbo Permanent Branch Offices' Established in Four Cities and Counties of Eastern and Northern Gyeonggi

Yangpyeong, Dongducheon, Gapyeong, Yeoncheon Targeted... All Expanded and Converted in the First Half of This Year

[Gyeonggi Credit Guarantee Foundation]

[Asia Economy Reporter Ra Young-cheol] Gyeonggi Province is expanding the operation of the Gyeonggi Credit Guarantee Foundation (hereinafter Gyeonggi Shinbo) branch consultation offices in four cities/counties including Dongducheon to 'permanent branch offices' to improve financial infrastructure in the eastern and northern regions.

Gyeonggi Shinbo is the only policy financial institution in Gyeonggi Province that provides practical financial support through a guarantee system to small and medium-sized enterprises and small business owners in the province who have business performance and technological capabilities but face difficulties in securing funds from financial institutions due to lack of collateral.

According to the province on the 18th, among the six cities/counties where Gyeonggi Shinbo branches are not currently installed, four eastern and northern cities/counties?Yangpyeong-gun, Dongducheon-si, Gapyeong-gun, and Yeoncheon-gun?were selected after comprehensively considering population, aging, accessibility, and regional characteristics.

In these cities/counties, instead of branches, 'branch consultation offices' have been operated to support financial consultations, but since only one employee worked twice a week for 2 to 6 hours a day, local residents had difficulty receiving timely services.

Especially due to the characteristics of being a mixed urban-rural city, there is a large elderly population experiencing difficulties using mobile devices or computers (PC), making face-to-face visits and consultations necessary rather than online consultation methods.

The expansion to 'permanent branch offices' will operate like regular branches, open five days a week (Monday to Friday) for seven hours (from 9 a.m. to 4 p.m.), providing guarantee services including financial consultations, unlike the limited operation of the existing branch consultation offices.

The province plans to start operating permanent branch offices in areas where preparations such as assigning resident staff and setting up offices have been completed.

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