is Coming to Korea - Korea IT Times
is Coming to Korea - Korea IT Times
is Coming to Korea - Korea IT Times
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Finance<br />
Great<br />
Innovation<br />
Campaign<br />
by KOD<strong>IT</strong><br />
Ahn Taik-soo, chairman and CEO of KOD<strong>IT</strong><br />
The <strong>Korea</strong> Credit Guarantee Fund<br />
(KOD<strong>IT</strong>) will actively push for the "great<br />
innovation" campaign th<strong>is</strong> year under the<br />
slogan of "New Challenge! New Change!"<br />
"Based on confidence and creative challenging<br />
spirit earned in the process of tiding<br />
over the economic cr<strong>is</strong><strong>is</strong>, we will push<br />
ahead with the great innovation campaign<br />
<strong>to</strong> improve managerial efficiency and bolster<br />
competitiveness," said Ahn Taik-soo,<br />
chairman & CEO of KOD<strong>IT</strong>. Related <strong>to</strong><br />
th<strong>is</strong>, KOD<strong>IT</strong> has designated the "innovation<br />
day" twice a month and all the company<br />
staff will participate in an innovation<br />
meeting <strong>to</strong> seek ways of creating more<br />
jobs, establ<strong>is</strong>hing effective managerial<br />
strategy, and developing new projects.<br />
Differentiation of Credit<br />
Guarantees in 2010<br />
Ahn said, "KOD<strong>IT</strong> will also expand<br />
and differentiate its extension of credit<br />
guarantees th<strong>is</strong> year. We will expand the<br />
<strong>to</strong>tal volume of credit guarantees by KR₩<br />
700 billion from KR₩ 42.3 trillion in<br />
2009 <strong>to</strong> KR₩ 43 trillion in 2010." The <strong>to</strong>tal<br />
will break down in<strong>to</strong> KR₩ 38 trillion<br />
for general credit guarantees and KR₩ 5<br />
trillion for P-CBO. Ahn reinforced the<br />
fact, "Th<strong>is</strong> year, we will push ahead with a<br />
two-track policy for guarantee ass<strong>is</strong>tance.<br />
We will strengthen support for enterpr<strong>is</strong>es<br />
with high growth potential. At the same<br />
time, we will differentiate guarantee ass<strong>is</strong>tance<br />
by carrying out a restructuring program<br />
for marginal companies."<br />
In particular KOD<strong>IT</strong> will extend KR₩<br />
23.6 trillion in credit guarantees <strong>to</strong> companies<br />
creating future-oriented growth engines<br />
and KR₩ 12 trillion <strong>to</strong> those creating<br />
new jobs. "To support exporting companies<br />
that lead the economic recovery<br />
and green growth-oriented companies that<br />
propel new growth engines of the national<br />
economy, we will actively expand credit<br />
guarantees <strong>to</strong> them. By doing so, KOD<strong>IT</strong><br />
plans <strong>to</strong> contribute <strong>to</strong> the government's<br />
policy <strong>to</strong> increase more jobs," stated Ahn.<br />
In addition, "KOD<strong>IT</strong> will play a role of<br />
"119" by supporting small and mediumsized<br />
companies that once experienced a<br />
business failure <strong>to</strong> help them regain hope<br />
for the future," ins<strong>is</strong>ted Ahn.<br />
Reform of the Screening<br />
System <strong>to</strong> Improve Quality<br />
of Credit Guarantee<br />
KOD<strong>IT</strong> has adjusted its screening system<br />
<strong>to</strong> improve quality of credit guarantee.<br />
44 KOREA <strong>IT</strong> TIMES | February 2010