Gyeonggi Credit Guarantee Foundation's 28th Anniversary on the 19th: A Milestone of Surpassing 50 Trillion Won in Cumulative Guarantees

The Gyeonggi Credit Guarantee Foundation celebrated its 28th anniversary on the 19th. Last month, Gyeonggi Credit Guarantee Foundation became the first among the 17 nationwide guarantee institutions to surpass a cumulative guarantee scale of 50 trillion won.

On this day, Gyeonggi Credit Guarantee Foundation held a founding anniversary event at the Gwanggyo Hall of the Gyeonggi-do Economic Science Promotion Agency in Yeongtong, Suwon. Notably, the event was live-streamed on YouTube for employees at branch offices and business offices across various cities and counties in the province, receiving enthusiastic responses from the staff.

Established in 1996 as the nation’s first regional credit guarantee foundation, Gyeonggi Credit Guarantee Foundation has faithfully served as a ‘financial pillar’ for local small and medium-sized enterprises and small business owners through numerous economic crises such as the foreign exchange crisis, global financial crisis, MERS and Sewol ferry disaster, and the COVID-19 pandemic.

In fact, following the COVID-19 pandemic, it recorded unprecedented guarantee supply achievements with 5.6408 trillion won in 2020, 5.3521 trillion won in 2021, 6.4663 trillion won in 2022, and 5.3210 trillion won in 2023, continuously striving to overcome regional economic crises and restore vitality.

Si Seok-jung, Chairman of the Gyeonggi Credit Guarantee Foundation, is delivering a greeting at the 28th anniversary ceremony on the 19th.

This year as well, Gyeonggi Credit Guarantee Foundation plans to tirelessly work alongside Gyeonggi Province on-site, communicating and cooperating with the single goal of overcoming the complex economic crisis.

Si Seok-jung, Chairman of Gyeonggi Credit Guarantee Foundation, emphasized, "For Gyeonggi Credit Guarantee Foundation to leap forward as a financial service institution supporting the business success of the province’s residents, it is necessary to provide financial service support ranging from guarantee support to overcome crises to customized solutions such as management information provision, fund management, and commercial district analysis for future growth."

He continued, "There is a need to fundamentally transform the way we work so that Gyeonggi residents can receive ‘one-stop integrated policy information’ at the ‘policy service hub’ called Gyeonggi Credit Guarantee Foundation at the ‘right time’," adding, "Going forward, Gyeonggi Credit Guarantee Foundation will not cease innovation to ensure it plays a pivotal role in supporting small and medium enterprises and small business owners in the province as a financial backbone of the regional economy and a safety net for the common economy through sound and solid management."