K-SURE President Jang Young-jin: "This year we aim to provide a record 275 trillion won in support"

"To overcome the global trade crisis, we will provide a record 275 trillion won in trade insurance this year."
Jang Young-jin, president of K-SURE, made this announcement on the 28th at a New Year press conference held near Government Complex Sejong.
He particularly stressed that support for small and medium-sized enterprises (SMEs) and mid-sized companies will be expanded. Jang emphasized, "Following last year’s record 109 trillion won in support for SMEs and mid-sized firms, we will increase that amount to 114 trillion won this year."
K-SURE will also expand programs that promote cooperation between large and small companies and strengthen productive finance. He explained, "We will provide sufficient financing to outstanding SMEs and mid-sized companies recommended by large corporations and banks that contribute to the Trade Insurance Fund, in order to restore our country’s supply chain competitiveness. We will broaden the industries eligible for the export supply chain enhancement guarantee, which supports suppliers in partnership with large corporations, and we plan to increase the funding for the export package guarantee, which offers low-interest, high-limit financing to SMEs in cooperation with banks."
Special guarantees will also be expanded for companies with strong technology and growth potential that nonetheless struggle to access conventional financial services due to temporary deterioration in their financial condition. Jang noted, "Last year, we provided 214.3 billion won in special guarantees, about 30 times more than the 7.3 billion won in 2024," adding, "This year, we will supply 300 billion won to eliminate blind spots in export financing."
K-SURE will actively support diversification of export markets to help Korean companies expand investment in the United States and overcome trade challenges arising from the Korea-U.S. tariff agreement. The corporation plans to mobilize all of its project finance expertise and human and physical infrastructure so that Korean firms can secure orders stemming from demand originating in the U.S.
Jang stated, "For emerging partner countries with strong growth potential, such as the Association of Southeast Asian Nations (ASEAN) and Latin America and the Caribbean (LATAM), we will expand trade insurance supply from 62 trillion won last year to 66 trillion won this year."
Meanwhile, with the goal of joining the world’s top four defense exporters, K-SURE plans to carry out Chief Executive Officer (CEO) marketing linked to summit diplomacy for the K-defense industry, and to support the establishment of local production bases that meet localization demands from importing countries.
aber@fnnews.com Park Ji-young Reporter