The members of the Future Development Committee of Korea Credit Guarantee Fund(Kodit) applaud at a ceremony to launch the new committee on Oct. 1 at Kodit’s head office in Daegu.

The Korea Credit Guarantee Fund (Kodit) held a meeting to discuss its future development plans on Oct. 1 at the Federation of Banks building in Myungdong, downtown Seoul.

The fund set up the Future Development Committee in August to take up issues related to its future policies with the participation of outside experts, unlike its past meetings, so that its future policies will reflect the opinions of outside experts and always meet the public’s expectations.

Professor Ki Chan Kim was appointed as the chairman of the Future Development Committee of the KODIT. Korea Credit Guarantee Fund (KODIT) is a public financial institution established on June 1st 1976 under the provisions of the Korea Credit Guarantee Fund Act.

The Korea Credit Guarantee Fund (KODIT) held the Future Development Committee at Seoul Bank Hall on October 1, 2018 and discussed with various experts the future development plan of the KODIT.

At the meeting, Ki Chan Kim, chairman of the Future Development Committee, said, “I hope that KODIT will play a leading role in the creation of a SMEs’ innovation ecosystem and become a productive institution that supports entrepreneurial creativity and innovation growth.”

The committee tried to set up a new vision taking account of such new changes as the 4th Industrial Revolution, various changes in economic policies such as reformed growth, and the economy centered on the people, among other new economic policies and view points for review and decide on its major economic polices.

The committee heard the opinions expressed by the 12 outside experts, who focused on such issues as the resetting the core function of Kodit, the role of Kodit for the reformed growth, boosting its social value, and extending support to the firms operating overseas, among others.

 The issues discussed will be referred to the Future Development Planning Team for reflection in the future development plan.

Dr. Kim Ki-chan is currently a Professor of Management at the Catholic University’s School of Business. He teaches various courses including Humane Entrepreneurship in Capitalism, Platform and Business Eco-system and Korea Management. He served as vice-president for Catholic University of Korea and Dean of Business School.

Dr. Kim has advised many companies, such as Hyundai Motors, Samsung Electronics, POSCO and KINTEX.

He has supported these companies as a board member/advisory professor to design sustainable eco-system that will improve the health of business. Healthy business brings happy workers which is crucial part of sustainability. This philosophy and management style is taught in his class called Humane Entrepreneurship in Capitalism.

When Dr. Kim was in charge of International Council for Small Business (ICSB), he empathized happiness of employees in small and medium enterprise through Humane Entrepreneurship. He strongly believes commitment from employees is the ultimate asset of a company.

Dr. Kim declared the importance of Humane Entrepreneurship at the United Nation headquarter in June 2016.

Dr. Kim was appointed as member of National Economic Advisory Council for the South Korea President. More recently, he became member of Review Committee for New Growth Engine in Prime Minister’s Office.

He continues to advise both Minister of Industry and Minister of Small and Medium Business Administration.

A view of the building in Daegu where Korea Credit Guarantee Fund is located. (Photos: Kodit)