Gyeonggi Credit Guarantee Foundation Holds Second Half Support Program Briefing: "Flexible Guarantee System Operation"

On July 29, the Gyeonggi Credit Guarantee Foundation held an information session for its support programs for the second half of the year in the multipurpose hall on the third floor of its Suwon Gwanggyo headquarters.

This session was organized to help local businesses facing management difficulties due to a combination of economic challenges, such as prolonged high interest rates, sluggish domestic demand, and increased funding burdens, to systematically and effectively utilize the various support policies offered by the Gyeonggi Credit Guarantee Foundation, the government, and related organizations.

The session began with an introduction to the foundation's guarantee policy directions for the second half of the year, followed by a presentation on support programs from the Small Enterprise and Market Service, a Q&A session, and policy suggestions. For the second half of this year, the Gyeonggi Credit Guarantee Foundation outlined its main policy directions as follows: ▲ operation of guarantee systems focused on crisis response ▲ expansion of customized support across business life cycles ▲ strengthening of specialized guarantees in areas such as second-chance entrepreneurship, green transition, and social economy ▲ flexible system operation reflecting regional and industry characteristics.

Si Seokjung, Chairman of Gyeonggi Credit Guarantee Foundation, is shouting "Fighting" with attendees at the second half support project briefing session on the 29th. Provided by Gyeonggi Credit Guarantee Foundation

In particular, the foundation has set the provision of tailored consultations and specialized solutions for small business owners with mid- to low-credit ratings as a key task, and plans to establish a practical foundation for recovery through comprehensive consulting support that covers profit and loss analysis, credit management, and debt adjustment. This consulting program, which extends beyond the scope of guarantees, focuses on addressing gaps in financial support and enhancing business capabilities.

The foundation also presented institutional linkage measures to alleviate the burden of high interest rates and support business recovery, in line with the policy directions of the government and related organizations.

At the event, the foundation set up customized consultation booths for each business, providing in-depth one-on-one consultations.

Gyeonggi Credit Guarantee Foundation Chairman Si Seokjung stated, "This information session for support programs was a meaningful opportunity to bridge the gap between policy and the field, and to discuss effective support measures," adding, "We will continue to support the recovery of the local economy and sustainable growth through substantial guarantee policies that residents can truly feel."

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