New Release, Launch of 'Innovation1' Comprehensive Solution Tailored for Complex Demand

New Release Officially Launched After One Year of Pilot Operation

On the 22nd, the Korea Credit Guarantee Fund held the launch ceremony of ‘Innovation1,’ a customized comprehensive solution for complex-demand enterprises, at Front1 in Mapo-gu, Seoul. Innovation1 began operations on the 19th.

At the launch ceremony, representatives from related organizations such as the Korea Federation of Medium-sized Enterprises, Korea Association of Management Innovation Small and Medium Enterprises, Korea Federation of Banks, Woori Bank, as well as executives from partner organizations including the Foundation for Cooperation between Large, Medium, and Small Enterprises and Agriculture and Fisheries, Korea Industrial Complex Corporation, Research & Development Special Zone Promotion Foundation, Korea Gas Corporation, and CEOs of medium-sized enterprises and startups attended to share the pilot operation results and operational directions of Innovation1.

Innovation1 is a ‘corporate private banking (PB) service’ that diagnoses the complex needs of companies based on the accumulated corporate analysis know-how of the Korea Credit Guarantee Fund and the artificial intelligence (AI) analysis system ‘BASA,’ coordinating not only the Korea Credit Guarantee Fund’s but also other institutions’ policy support projects to provide one-stop linkage support for companies.

In response to the complex demands of companies due to rapid changes in the business environment, the Korea Credit Guarantee Fund established a dedicated organization in April last year, piloted Innovation1, and confirmed its potential as a policy hub through performance analysis, leading to its official launch within a year.

The Korea Credit Guarantee Fund plans to continuously improve this demand-centered comprehensive support solution by strengthening organic cooperation with various institutions and providing periodic management diagnosis services to maximize the policy effects of Innovation1.

Choi Won-mok, Chairman of the Korea Credit Guarantee Fund, stated, “With the official launch of Innovation1, linking corporate support projects scattered across multiple institutions in a one-stop manner will greatly help solve the complex needs of companies.” He added, “The Korea Credit Guarantee Fund will continue to strengthen customized support programs so that promising small and medium enterprises can receive the best services from the optimal institutions at the optimal time.”