Korea Credit Guarantee Fund (KODIT) announced on Sept. 10 that it signed a memorandum of understanding (MOU) with Bank Gospodarstwa Krajowego (BGK) on Sept. 9 to develop credit guarantee systems and support companies’ growth in both countries. It also held a working-level meeting on Sept. 9 and 10.
Established in 1924, BGK is Poland’s only state-run development bank wholly owned by the Polish government. With 16 regional headquarters in Poland and three overseas representative offices (Brussels, Frankfurt, and Kyiv), it oversees all aspects of policy financing, including SME guarantees, infrastructure development and renewable energy investment and export financing.
Through this MOU, the two organizations will strengthen cooperation in areas such as sharing guarantee systems and know-how to support SMEs, establishing permanent working-level consultation meetings and promoting personnel exchanges, and conducting academic research on innovative financial systems.
During the subsequent working-level meeting, the two organizations shared examples of customized guarantee support for innovative SMEs across their life cycles and discussed in-depth measures to implement special systems to address complex crises such as US tariffs.
KODIT signs an MOU with BGK of Poland and holds a day working-level meeting on Aug. 9 and 10. From left are KHFC Executive Director Lee Ju-young, BGK First Vice President Marta Postuła and BGK President Mirosław Czekaj at the MOU signing ceremony.
Meanwhile, KODIT plans to establish the Support Center for Korean Companies in Frankfurt, Germany, next year to strengthen guarantee services for Korean companies expanding into Europe.
This MOU serves as a meaningful starting point for laying a foundation for cooperation with Polish policymakers ahead of the center’s opening. It is expected to support the stable settlement of Korean companies there.
“Collaboration between the credit guarantee institutions in both countries will enhance their corporate support capabilities and further contribute to the economic development of both countries,” said Mirosław Czekaj, president of BGK.
“This agreement will serve as an opportunity to expand the Korean credit guarantee system globally and expand KODIT’s cooperation with policy finance institutions in Europe,” said Lee Ju-young, an executive director of KODIT.
“We will actively support Korean companies making a foray into the European market by linking up with our Overseas Business Support Center to be established in Germany.”
Meeting for Activating AI Ecosystems
KODIT announced on Sept. 11 that it held the Meeting for Activating AI Ecosystems at the InterX AX Research Center in Geumcheon-gu, Seoul with the attendance of representatives from AI startups and officials from relevant policy agencies on Sept. 10.
The meeting was attended by representatives from relevant organizations, such as the National Information Society Agency (NIA) and the National IT Industry Promotion Agency (NIPA) as well as executives from AI startups such as InterX and Upstage AI.
This meeting was held as KODIT was developing its AI Comprehensive Promotion Plan which includes measures to foster the AI industry and bring innovation to business processes.
The company directly listened to the challenges and suggestions from those in the field and exchanged opinions with participants to explore practical and effective support measures for the advancement of the AI industry.
Attendees agreed that AI ecosystems including power generation, semiconductors, AI core technologies, and AI-based services, must grow together to become three major AI powerhouses.
They also shared the view that the government and policy agencies should share the risks of the AI industry to sharpen corporate competitiveness.
Furthermore, various policy proposals were made, including customized financial support considering business performances and technology commercialization time, strengthening support for AI service companies for end users and more support on AI infrastructure areas that can be commonly utilized.
Meanwhile, KODIT will establish and restructure its guarantee system to strengthen support for cutting-edge industries such as AI.
The company will support the commercialization of deep-tech companies possessing core technologies and the construction of infrastructure such as energy and data centers.
“We are focusing our entire company’s capabilities on supporting cutting-edge industries, such as AI, that are at the forefront of the technological hegemony race.” KODIT Chairman Choi Won-mok said.
“KODIT will continue to listen to the voices of those in the field and strengthen cooperation with relevant organizations to fulfill responsibilities.”
_신보 최원목 이사장.jpg)
_신용보증기금폴란드 개발은행.jpg)
