Ranked First Overall Among Seven Regional Credit Guarantee Foundations, Wins Excellence Award for Restart Support
Balanced Performance in Bond Management and Support for Small Business Owners' Second Chances
Chungnam Credit Guarantee Foundation ranked first overall in an evaluation of recovery performance for indemnity bonds among 17 regional credit guarantee foundations nationwide.
On the 25th, Chungnam Credit Guarantee Foundation announced that it had taken first place overall in the "2025 Indemnity Bond Recovery Performance Evaluation" organized by the Korea Federation of Credit Guarantee Foundations.
In addition, it received an Excellence Award in the evaluation of foundations for outstanding restart support, achieving top-tier results for three consecutive years.
This evaluation comprehensively reflected bond recovery performance, management capabilities, and restart support outcomes for 17 regional credit guarantee foundations across the country.
Chungnam Credit Guarantee Foundation received the highest score in bond recovery performance, proving that it has one of the strongest bond management capabilities in the nation.
The foundation is actively linking public debt adjustment programs such as individual rehabilitation and credit recovery support, as well as sales to the New Start Fund, to reduce the repayment burden on debtors.
It is also helping small business owners normalize their business operations by supporting early removal of credit management records and principal reductions through special debt adjustment programs in the first and second halves of the year.
According to the foundation, these policies are not limited to simple recovery, but are connected to restart education, consulting, and re-startup guarantee support, leading to successful cases of second chances.
Chairman Cho Sohaeng said, "Customized debt adjustment and restart support that take into account each debtor's situation are leading to real second chances," adding, "We will continue to strengthen our role as a financial safety net so that small business owners can get back on their feet."
Meanwhile, in the first half of this year, Chungnam Credit Guarantee Foundation also plans to operate a special debt adjustment program and continue providing customized consultations and support for small business owners struggling with debt.
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