<기사제목>Junggyeonryeon Strengthens Support for Funding of Mid-sized Companies in Cooperation with Policy Financial Institutions

Korea Association of Medium Enterprises - Korea Credit Guarantee Fund - Korea Development Bank Sign Business Agreement

The Korea Federation of Medium-Sized Enterprises (KFME) is establishing a close cooperative system with the Korea Credit Guarantee Fund and the Korea Development Bank to actively support smooth financing as a foundation for the sustainable growth of medium-sized enterprises.

On the 30th, KFME announced that it signed a business agreement with the Korea Credit Guarantee Fund and the Korea Development Bank at the KDB IR Center to support the issuance of corporate bonds by medium-sized enterprises and to establish a stable financing system through revitalizing the QIB market.

The 'QIB market' is a quasi-public bond market where trading is allowed only among Qualified Institutional Buyers. It was introduced in May 2012 to improve capital market accessibility for small and medium-sized enterprises and medium-sized enterprises.

The three organizations plan to cooperate to diversify the financing structure of medium-sized enterprises, which face difficulties in issuing corporate bonds due to relatively low recognition and credit ratings, by revitalizing the QIB market, thereby driving investment expansion based on smooth corporate bond issuance.

Choi Jin-sik, chairman of KFME, stated, "Starting with this agreement, we will actively pursue progressive solutions to eliminate financial difficulties of medium-sized enterprises by closely cooperating not only with various financial institutions but also with the government and the National Assembly, including the establishment of a dedicated policy financial institution for medium-sized enterprises."

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