Gyeonggi Credit Guarantee Foundation, Korea's First Breakthrough of 6 Trillion Won in Guarantee Supply

TechubNews · 2026-03-19T10:30:12+00:00

Gyeonggi Credit Guarantee Fund became Korea's first institution to accumulate guaranteed supply exceeding 60 trillion Korean won, providing loan guarantees for small and medium-sized enterprises and individual business owners to facilitate financing. Since its establishment in 2002, the foundation has experienced continuous growth and is committed to providing comprehensive financial services to enterprises, with expectations to promote regional economic development in the future.

TechubNews

2026-03-19 10:30:12

Abstract generation in progress

Gyeonggi Credit Guarantee Foundation is the first institution among Korea’s regional credit guarantee foundations to surpass a total guarantee supply of 60 trillion KRW. This achievement marks an important milestone in funding small and medium-sized enterprises (SMEs) and sole proprietors.

The Gyeonggi Credit Guarantee Foundation has maintained steady growth until surpassing 60 trillion KRW this year. After exceeding 50 trillion KRW in 2024, it added 10 trillion KRW in guarantee supply in just two years. Since achieving its first guarantee of 1 trillion KRW in 2002, the foundation has continued to grow, reaching 20 trillion KRW in 2017, 30 trillion KRW in 2020, and 40 trillion KRW in 2022.

The foundation’s purpose is to provide loan guarantees for SMEs and sole proprietors who struggle to secure funding from financial institutions due to limited guarantee capacity. This has played a vital role in helping businesses that face difficulties crossing the lending thresholds of financial institutions to obtain actual funding. Over 260,000 companies have received approximately 60 trillion KRW in funding through this guarantee program.

Chairman Shih Seok-jung stated that the foundation aims to go beyond mere guarantee functions and move toward providing comprehensive financial services to support the successful operation of SMEs. The foundation will support businesses through management consulting, information provision, and educational programs.

This trend is expected to positively impact regional economic development and support for SMEs in the future. Additionally, through collaboration with financial institutions, there is hope to provide more SMEs and sole proprietors with opportunities to secure stable funding.

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