Korea Finance Corporation encourages SMEs

Choi Bong-sik, executive vice-president of Korea Finance Corporation, the country’s youngest policy-bank, discusses the activities of KoFC and its importance to Korea’s small and medium-size enterprises.

 

Choi Bong-sik

Just how important is KoFC’s role in supporting small and medium- size enterprises SMEs
One of KoFC’s main purposes, as stipulated in the KoFC Act, is to contribute to the creation of jobs by strengthening national competitiveness and intensifying economic growth potential. The act Article 21 explicitly mandates us to encourage the development of SMEs by providing funding through on-lending loans, for instance, as well as helping to finance growth and green industries and improving social infrastructure.

Last year, support for SMEs accounted for a...

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