Korea Credit Guarantee Fund Signs MOU with Korea International Trade Association to Enhance SME Export Capabilities

[Asia Economy Reporter Song Seung-seop] On the 26th, the Korea Credit Guarantee Fund and the Korea International Trade Association signed a 'Business Agreement to Strengthen the Export Capabilities of Small and Medium Enterprises (SMEs)'.

The signing ceremony held at Trade Tower in Gangnam-gu, Seoul, was organized to enhance the export capabilities of SMEs and revitalize the startup ecosystem.

Through this agreement, the Credit Guarantee Fund will identify SMEs wishing to export or facing difficulties in overseas expansion and recommend them to the Korea International Trade Association. The Korea International Trade Association plans to match the recommended companies with export advisory committee members to provide customized overseas expansion consulting.

Additionally, both organizations will establish a cooperative system to resolve difficulties faced by SMEs in overseas expansion and actively support startups with global competitiveness in their overseas ventures.

Meanwhile, prior to this agreement, in August, both organizations conducted non-face-to-face consulting for users of the Credit Guarantee Fund. More than 70 customers of the Credit Guarantee Fund participated in the consulting, receiving lectures on overseas expansion strategies from export advisory committee members of the Korea International Trade Association and customized one-on-one consulting tailored to their needs.

Yoon Dae-hee, Chairman of the Korea Credit Guarantee Fund, stated, “I hope this agreement will strengthen the export capabilities of SMEs struggling due to the prolonged COVID-19 pandemic and help overcome the difficulties faced by export companies,” and emphasized, “We will continue to seek various support measures for exporting SMEs through cooperation with the Korea International Trade Association.”