Korea Credit Guarantee Fund to provide guarantees for high public-interest projects
Chairman Kang Seung-jun: 'This will prime the pump for regional economic growth'
The Korea Credit Guarantee Fund announced Wednesday that it has signed an MOU with Gwangju Bank to promote private investment projects, in conjunction with the government's plan to develop a semiconductor cluster in the Honam region.
Under the agreement, the two institutions will build a cooperative framework to identify and share information on regional private investment projects, drawing on the fund's infrastructure expertise and Gwangju Bank's local financial network.
The Korea Credit Guarantee Fund plans to provide consulting to competent authorities and project operators and to support financing through credit guarantees, so that projects with high public value but limited profit potential can move forward smoothly.
"This agreement is a meaningful first step toward improving financing conditions for regional private investment projects, taken together with a leading regional bank," Korea Credit Guarantee Fund Chairman Kang Seung-jun said. "Going forward, the fund will fulfill its role as a policy finance institution to ensure that locally driven private investment projects serve as a catalyst for regional economic growth."
The fund also held its "PPP-Insight Forum 2026" at the Kim Dae-jung Convention Center in Gwangju on Wednesday, sharing practical cooperation measures and development directions to respond to changes in the private investment environment.
Meanwhile, the Korea Credit Guarantee Fund plans to select startups with strong growth potential and technological capabilities as its 16th class of "Innovation Icons," providing each company with guarantees of up to 20 billion won ($14.9 million) over three years.
hyuk@heraldcorp.com
