New Office, Corporate Value-Up Center Opens... Comprehensive Support for SME Restructuring

The Korea Credit Guarantee Fund announced on the 4th that it has opened the 'Corporate Value-Up Center,' a specialized organization for comprehensive corporate restructuring support.

Choi Wonmok, Chairman of the Korea Credit Guarantee Fund (fourth from the left in the front row), Park Hongjin, Policy Advisor at the Ministry of Economy and Finance (fifth from the left in the front row), and attendees are posing for a commemorative photo at the 'Enterprise Value-Up Center Launch Ceremony.' Provided by the Korea Credit Guarantee Fund.

On the 28th of last month, KODIT held an inauguration ceremony at the Talent Development Center in Guro-gu, Seoul. The center was newly established as a regional hub within the eight nationwide business headquarters. It is responsible for build-up and value-up programs for pre-restructuring, as well as re-challenge and re-startup programs to assist the recovery of small and medium-sized enterprises (SMEs). It plans to provide comprehensive restructuring solutions by linking projects from related organizations.

First, to help companies experiencing growth stagnation or complex management crises to make a fresh leap, new guarantees will be provided through the build-up and value-up programs. For CEOs of failed corporations despite sincere management efforts, the center will support the 'Special Guarantee for Re-startup Support' to expand opportunities for recovery.

Along with this, starting with the 'Pre-approval Agreement for Re-challenge Guarantee' signed with the rehabilitation court last year, the scope of restructuring cooperation will be expanded to other institutions. After consultation with companies by the center’s experts, necessary support will be linked with other organizations based on diagnostic results to facilitate effective restructuring assistance.

Choi Won-mok, Chairman of KODIT, stated, "We plan to actively support corporate re-leaps and re-challenges through accurate diagnosis of companies and collaboration with related organizations," adding, "We will do our best to establish the Corporate Value-Up Center as a specialized platform for SME restructuring that meets market demands."

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