Shinbo, 'Joint Project Guarantee' to Be Reflected in Win-Win Growth Index Evaluation from Next Year

[Asia Economy Reporter Kwangho Lee] The Korea Credit Guarantee Fund (KODIT) announced on the 23rd that the 'Joint Project Guarantee' for win-win cooperation between large corporations and partner companies will be reflected in the Win-Win Growth Index evaluation starting next year.

The Win-Win Growth Index is an index that evaluates the level of win-win growth between large and small-to-medium enterprises (SMEs) to promote mutual growth. It is determined annually by combining 50% of the Fair Trade Commission's Fair Trade Agreement implementation evaluation and 50% of the Win-Win Growth Committee's comprehensive evaluation results.

KODIT has been promoting the reflection of the Joint Project Guarantee in the Win-Win Growth Index evaluation as a new measure for win-win cooperation between large corporations and SMEs through collaboration with the Korea Fair Trade Mediation Agency, which actually conducts the Fair Trade Agreement implementation evaluation.

Starting next year, when a large corporation participates in KODIT's Joint Project Guarantee, it will be recognized as introducing an indirect financial support system and reflected in the Fair Trade Agreement implementation evaluation. The Fair Trade Commission reflects support performance for partner companies in various areas such as payment, finance, technology development, and manpower in the Fair Trade Agreement implementation evaluation.

The Joint Project Guarantee is a product that supports guarantees for SMEs and mid-sized companies participating in excellent projects by evaluating the innovativeness of projects jointly promoted by large corporations and multiple partner companies. Large corporations provide transaction details with partner companies participating in the project to support the partner companies in receiving guarantees from KODIT.

A KODIT official said, "This achievement is significant in expanding the social foundation for win-win growth between large corporations and SMEs through collaboration with the Korea Fair Trade Mediation Agency," adding, "KODIT will stably operate guarantee systems that can contribute to spreading the culture of win-win growth and will expand business consultations with the Korea Fair Trade Mediation Agency."