Daegu City Councilor Park Jong-pil Appointed as One-Day Honorary Branch Manager of Daegu Credit Guarantee Foundation

Listening to Small Business Owners' Complaints at Seo Branch

"We Will Create Policies That Truly Help"

Park Jong-pil, a member of the Daegu Metropolitan Council (People Power Party, proportional representation), was appointed as the honorary one-day branch manager of the Seoji Branch of the Daegu Credit Guarantee Foundation on the 25th, where he directly listened to and consulted with local small and medium-sized enterprises and small business owners at the customer counter.

On the morning of the same day, Park Jong-pil received the appointment certificate from Park Jin-woo, Chairman of the Daegu Credit Guarantee Foundation, and began his duties as the honorary one-day branch manager of the Seoji Branch.

The Seoji Branch, which opened in December last year as the seventh branch of the Credit Guarantee Foundation, has alleviated the inconvenience that small business owners in the Seo-gu area of Daegu had to visit the Jukjeon Branch to receive guarantee support. With the opening of the Seoji Branch, they can now use guarantee services quickly and conveniently.

Daegu City Councilor Park Jong-pil is serving as the one-day honorary branch manager of the Seo Branch of the Daegu Credit Guarantee Foundation, listening to the difficulties of small business owners.

The representatives of small and medium-sized enterprises who visited that day expressed their difficulties to Councilman Park, saying, "We hope that support measures will be prepared to ease the interest burden amid the prolonged high-interest rate situation." Park empathized deeply with the difficulties caused by the worsening business conditions and urged the Credit Guarantee Foundation to make greater efforts to reduce financial costs and stabilize management for local companies and small business owners.

After the event, Councilman Park Jong-pil said, "I heard that the subrogation payment rate of the Credit Guarantee Foundation has been rapidly increasing recently. This means that local small and medium-sized enterprises and small business owners are facing difficulties. In the upcoming budget review, I will carefully oversee the budget of the Credit Guarantee Foundation and prepare policies that can provide practical help to small and medium-sized enterprises and small business owners who are protecting the frontline of the local economy."

The Daegu Credit Guarantee Foundation has supplied guarantees for 49,586 cases amounting to 1,257.128 billion KRW by September this year, and supports interest subsidies ranging from 1.3% to 2.2% through maturity extensions of guaranteed loans, interest repayment deferrals, and issuance of guarantees linked to small and medium-sized enterprise management stabilization funds. Going forward, it plans to actively handle various special and exceptional guarantees to eliminate financial blind spots.

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