Shin Yong Bo Jeung Gi Geum Announces 'Joint Declaration for Strengthening Internal Controls'

On the 22nd, the Korea Credit Guarantee Fund held a 'Joint Declaration Ceremony for Strengthening Internal Control' at Front1 in Mapo, Seoul, the fund announced on the 26th. The joint declaration ceremony, attended by all former executives of the fund, was organized to spread a voluntary risk management culture.

The joint declaration includes contents for fair and transparent business operations such as ▲the role of management in establishing and implementing internal control ▲conducting objective and professional audits for establishing and implementing internal control ▲checking compliance with internal control and preparing preventive measures ▲sharing correct awareness of internal control and fostering a culture of voluntary compliance.

Chairman Choi Won-mok said, “It is a reality that it is difficult to prevent various evolving types of incidents with only the familiar monitoring and control methods.” He urged, “All employees should work together to ensure that an effective internal control system is established through internalizing compliance awareness and spreading an autonomous control culture.”

Following this, Auditor Kwon Ki-hyung also stated, “The mission of a trusted public institution is to establish an autonomous internal control system and practice responsible management that meets the public’s expectations.” He added, “As a standing auditor, I will continuously monitor to ensure internal control functions properly and do my best to prepare improvement measures.”

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