Jungjingong Achieves Top Rating in Fund Management Evaluation for Six Consecutive Years

Improved Risk Management System and Asset Diversification
Outstanding Fund Management Performance Recognized Externally

The Korea SMEs and Startups Agency (Jungjingong) announced on May 29 that the SME Startup and Promotion Fund has received the highest "Excellent" rating for the sixth consecutive year in the "2024 Fiscal Year Fund Management Evaluation" organized by the Ministry of Economy and Finance, recognizing its outstanding performance and management system.

The fund management evaluation is conducted by a panel of private-sector experts who review four areas: surplus fund management performance, management system, policy development, and the appropriateness of investment execution. Ratings are divided into six levels, ranging from "Excellent" to "Very Insufficient."

Jungjingong

Among the 27 funds evaluated this year, only two funds?including the SME Startup and Promotion Fund?received the highest "Excellent" rating, with Jungjingong being the only institution to achieve this distinction for six consecutive years.

The SME Startup and Promotion Fund has proactively responded to changes in the financial market based on a dedicated asset management organization with expertise and independence, as well as a systematic decision-making system. In this evaluation, the fund received high marks across all areas of fund management, including improvements in risk management systems and the advancement of asset management strategies.

In particular, despite restrictions that allow investment only in low-risk, short-term funds and the ongoing decline in market interest rates throughout the year, the fund achieved both excellent profitability and stability by maintaining close communication with financial institutions and diversifying its asset portfolio.

Kang Seokjin, Chairman of Jungjingong, stated, "At a time when management difficulties for SMEs are intensifying due to internal and external economic uncertainties and changes in the trade environment, it is highly significant that Jungjingong has been recognized as a model case in fund management. We will continue to further strengthen the reliability and policy performance of the SME Startup and Promotion Fund and do our utmost to support the innovative growth of SMEs and startups."

This year, Jungjingong is executing the SME Startup and Promotion Fund with a budget of 12.0594 trillion won, focusing on: strengthening the growth ladder through policy finance; discovering new export growth engines and advancing logistics; nurturing global and future-oriented key talents; and reinforcing the self-sufficiency of supply chains led by local regions.

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