Korea Credit Guarantee Fund Signs Global Financial Cooperation MOU with Polish Development Bank

Establishing a Cooperative Framework to Advance Credit Guarantee Systems and Support Businesses in Both Countries
Plans to Open a "Support Center for Overseas Expansion" in Frankfurt, Germany to Strengthen Assistance for Companies Entering Europe

(From left) Juyoung Lee, Executive Director of the Korea Credit Guarantee Fund (left), Marta Postuwa, Senior Vice President of BGK, and Miroslaw Czekaj, President of BGK, are posing for a commemorative photo at the MOU signing ceremony held on the 9th at the BGK headquarters in Warsaw, Poland. Korea Credit Guarantee Fund

The Korea Credit Guarantee Fund announced on September 10 that it had signed a memorandum of understanding (MOU) with Bank Gospodarstwa Krajowego (BGK), the Polish development bank, on September 9 to advance the credit guarantee systems of both countries and support corporate growth. The two institutions also held a working-level consultation over two days, from the 9th to the 10th.

Established in 1924, BGK is Poland’s only state-owned development bank, with the Polish government holding 100% ownership. It operates 16 regional headquarters within Poland and maintains representative offices in three overseas locations-Brussels, Frankfurt, and Kyiv. BGK is responsible for a broad range of policy finance, including guarantees for small and medium-sized enterprises, infrastructure development and renewable energy investment, and export finance.

Through this MOU, the two organizations plan to strengthen cooperation in several areas: sharing know-how and systems for supporting small and medium-sized enterprises and mid-sized companies; institutionalizing regular working-level consultations and promoting personnel exchanges; and conducting academic research on innovative financial systems.

During the subsequent working-level meeting, the two institutions shared case studies on customized guarantee support tailored to the life cycle of innovative small and medium-sized enterprises and mid-sized companies. They also held in-depth discussions on special measures to respond to complex crises, such as the imposition of tariffs by the United States.

The Korea Credit Guarantee Fund plans to establish a “Support Center for Overseas Expansion” in Frankfurt, Germany next year to strengthen guarantee support for companies entering Europe. This MOU serves as a meaningful starting point for building cooperation with local policy institutions ahead of the center’s launch and is expected to help Korean companies establish themselves stably in the region.

Miroslaw Czekaj, Governor of BGK, stated, “Cooperation between the credit guarantee institutions of both countries will enhance our capacity to support businesses and contribute to the economic development of both nations.”

Juyoung Lee, Executive Director of the Korea Credit Guarantee Fund, said, “This agreement will serve as an opportunity to promote the global expansion of the Korean-style credit guarantee system and to broaden cooperation with policy finance institutions in Europe. We will actively support companies entering Europe in connection with the planned Support Center for Overseas Expansion in Germany.”