Gyeonggi Shinbo Celebrates 26th Anniversary on the 18th... Cumulative Guarantee Supply Surpasses 39 Trillion Won

[Asia Economy (Suwon) = Reporter Lee Young-gyu] The Gyeonggi Credit Guarantee Foundation celebrated its 26th anniversary on the 18th.

On this day, Gyeonggi Credit Guarantee held a founding anniversary event at the Gyeonggi Hall of the Gyeonggi Economic Science Promotion Agency in Gwanggyo New Town, Suwon, sharing time to discuss future development directions.

Established 26 years ago, Gyeonggi Credit Guarantee is the only policy financial institution in the province, created to provide practical financial support through guarantee systems to small and medium-sized enterprises (SMEs) and small business owners in the province who have business performance and technological capabilities but lack collateral, making it difficult to secure funding from financial institutions. It has faithfully served as a safety net for the regional economy by playing a rescue role during national economic crises such as the foreign exchange crisis, the global financial crisis, and the COVID-19 economic crisis.

In particular, it has established itself as a financial partner for SMEs and small business owners in the province by recording a cumulative guarantee supply of 39 trillion won, based on achieving a basic capital of 10 trillion won for the first time nationwide.

At the anniversary ceremony, Gyeonggi Credit Guarantee reviewed the company’s history and shared future development directions amid rapidly changing paradigms such as with-Corona and digital transformation.

In his commemorative speech, Lee Min-woo, Chairman of Gyeonggi Credit Guarantee, said, "Looking back on the foundation’s history, it has always been a process of development through new challenges and overcoming crises to establish itself as a policy financial institution that meets the expectations of SMEs and small business owners in Gyeonggi Province," adding, "The words ‘first,’ ‘best,’ and ‘largest’ have always accompanied our foundation’s achievements."

Currently, Gyeonggi Credit Guarantee has supplied guarantees exceeding 39 trillion won to about 1.2 million companies and operates a guarantee scale of 8.9 trillion won based on a basic capital of 1.0177 trillion won.

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