Gyeonggi Credit Guarantee Foundation Holds Customer Advisory Committee Meeting to Discuss Support Measures for Small Business Owners and SMEs

On September 18, the Gyeonggi Credit Guarantee Foundation held a Customer Advisory Committee meeting to discuss measures to support small and medium-sized enterprises (SMEs) and small business owners in the province, as well as ways to revitalize the local economy, in response to the prolonged economic downturn and ongoing business uncertainties.

Since 2023, the Gyeonggi Credit Guarantee Foundation has been operating the advisory committee on a regular basis to strengthen financial support that residents can truly feel, by reflecting feedback from the field in its policies and systems.

At the advisory committee meeting on this day, the foundation introduced new support programs for the second half of the year to enhance tailored financial assistance for customers. In particular, the "Special Management Fund for Export Companies in Gyeonggi-do Impacted by Tariffs" was implemented in the first half of the year in cooperation with the foundation, following a direct suggestion from Governor Kim Dongyeon during an on-site meeting with companies in Pyeongtaek that suffered direct and indirect damage due to tariffs imposed by the Trump administration in the United States.

Si Seokjung, Chairman of Gyeonggi Credit Guarantee Foundation (center), is taking a commemorative photo with members of the Customer Advisory Committee on the 18th. Provided by Gyeonggi Credit Guarantee Foundation

In the second half of the year, the foundation will expand the scale and scope of support to more actively address the management difficulties of affected companies, with the program set to begin on the 29th. In addition, the foundation shared support measures to promote growth and innovation for women-owned businesses, youth enterprises, and companies creating jobs.

Advisory committee members presented a variety of practical suggestions, including addressing challenges faced in the field, expanding low-interest financial products, simplifying procedures, and offering specialized consulting for individuals with mid- to low-credit scores, so that residents can tangibly benefit from these improvements.

The Gyeonggi Credit Guarantee Foundation plans to actively incorporate the feedback gathered at this advisory committee meeting into its guarantee support policies and institutional improvements.

Si Seokjung, Chairman of the Gyeonggi Credit Guarantee Foundation, stated, "Since 2023, the Customer Advisory Committee has served as an important channel connecting the foundation with the field. The valuable input from our advisory members has greatly contributed to Gyeonggi-do's economic recovery and the growth of the foundation. Moving forward, we will continue to actively reflect field opinions to ensure that SMEs and small business owners can operate stably and pursue sustainable growth."

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