Siseokjung, Director of Gyeonggi Shinbo, "Establishing a Financial System for Small Businesses and Merchants"

Si Seok-jung, Chairman of the Gyeonggi Credit Guarantee Foundation, is discussing this year's management strategy at the '2024 1st Management Strategy Workshop' held on the 15th at the Next-Generation Convergence Technology Institute in Gwanggyo Technovalley, Yeongtong, Suwon.

The Gyeonggi Credit Guarantee Foundation is launching financial services to promote communication and collaboration with small businesses and small merchants in the region through four major strategies?future growth, crisis overcoming, livelihood stabilization, and internal innovation?and 16 detailed tasks this year.

On the 15th, Gyeonggi Credit Guarantee held the "2024 1st Management Strategy Workshop" at the Next-Generation Convergence Technology Institute in Gwanggyo Techno Valley, Yeongtong, Suwon, to provide financial services supporting the business success of Gyeonggi residents amid rapidly changing domestic and international environments.

The workshop was divided into two parts: Part 1 focused on utilizing Chat GPT to prepare for future growth, and Part 2 involved practical work reviews and planning.

In Part 1, Gyeonggi Credit Guarantee hosted lectures and discussions on strategies for using Chat GPT related to future management environments and institutional operation directions. This was followed by presentations on economic outlooks and government and Gyeonggi Province policy trends by the Economic Analysis Team of the Management Planning Headquarters.

Part 2 proceeded with an analysis of last year's performance and this year's work plans, followed by presentations from head office department heads on key business promotion plans for the year, and from the head of the Sales Headquarters and branch managers on annual operational plans for headquarters and branches. The workshop concluded with a presentation on scenario-based risk response strategies by the Risk Management Department.

Through the four major strategies?future growth, crisis overcoming, livelihood stabilization, and internal innovation?and 16 detailed tasks, Gyeonggi Credit Guarantee is building a financial system for small businesses and small merchants this year.

First, as a future growth strategy, it will promote the provision of customized G-Solutions to support residents' success and the formation of a council of affiliated organizations within the province to maximize policy synergy effects. As a crisis overcoming strategy, it will actively support the smooth landing of small merchants by utilizing refinancing of high-interest loans through low-interest policy guarantees.

For livelihood stabilization, it will expand low-interest guarantees for the common people through the development of Gyeonggi Province signature products. For internal innovation, it will lead the digital transformation by optimizing next-generation computer systems and advancing omnichannel services tailored to branch offices.

Last year, Gyeonggi Credit Guarantee actively promoted guarantee support by implementing low-interest long-term loans such as the "Gyeonggi Opportunity UP Special Guarantee," funded through the expanded budget secured by Gyeonggi Governor Kim Dong-yeon, supplying credit guarantees worth 5.321 trillion KRW to 188,715 companies.

Additionally, by operating a task force (TF) for securing funds and implementing customized strategies for each institution, it secured a total of 250.4 billion KRW in funds, laying the foundation for stable credit guarantee supply.

Si Seok-jung, Chairman of Gyeonggi Credit Guarantee, evaluated, "This management strategy workshop was a valuable time for all employees of the Gyeonggi Credit Guarantee Foundation to come together, devise strategies and innovations for early crisis overcoming in response to the prolonged economic crisis, and strengthen their determination and resolve for a smooth economic crisis landing."

Meanwhile, about 50 people, including Chairman Si Seok-jung, executives, headquarters heads, head office department heads, and branch managers, attended the workshop.

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