Gyeonggi Credit Guarantee Foundation Begins Namyangju Era... Choi Hyundeok: "Leap Toward Northern Gyeonggi Financial Hub"

Namyangju City Completes Partial Relocation of Gyeonggi Credit Guarantee Foundation Headquarters
Key Departments Embark on First Phase... Northern Financial Hub Takes Its First Step
Gradual Relocation of Around 50 Staff to Be Completed by Late August

A number of departments from the headquarters of Gyeonggi Credit Guarantee Foundation have relocated to Namyangju, marking the first step toward establishing the northern Gyeonggi region as a financial hub.

Namyangju Mayor Hyunduk Choi is encouraging the staff of the newly established Gyeonggi Credit Guarantee Foundation in Dasan-dong. Photo by Namyangju City

On July 27, Namyangju City (Mayor Choi Hyundeok) announced that Gyeonggi Credit Guarantee Foundation has moved several headquarters departments to Dasan-dong (580-10, Gyeongchun-ro) and officially commenced operations there.

This relocation is part of Gyeonggi Province's plan to relocate public institutions, serving as an initial measure preceding the construction of a new foundation building in the Wangsuk 2 District and the foundation's eventual full relocation.

Gyeonggi Credit Guarantee Foundation opened a new chapter in Namyangju by moving in 21 key personnel, including the chairman, head of management planning, and staff from the strategic planning office, starting on this day. By the end of August, an additional 20 or so employees from the Namyangju branch and the HR department will relocate as well, with the total relocation expected to reach around 50 staff members.

The new offices cover two floors, totaling approximately 400 pyeong in area. The third floor houses the HR department and the Namyangju branch, while the fourth floor includes the chairman’s office, the head of management planning’s office, the strategic planning office, and the research and analysis team.

The city expects that this relocation of the foundation will serve as a turning point that improves financial access for small and medium-sized enterprises and self-employed business owners in northern Gyeonggi. Bringing guarantee support and financial consulting services closer to the local business community is expected to enhance business assistance and further vitalize the regional economy.

On the day of the relocation, Namyangju Mayor Choi Hyundeok visited the site to encourage foundation officials and pledged support to help them settle in smoothly.

Mayor Choi stated, "I sincerely welcome Gyeonggi Credit Guarantee Foundation as it embarks on a new beginning in Namyangju," adding, "We will carefully provide the necessary support to ensure that the foundation's staff can work in a stable environment."

Mayor Hyunduk Choi is taking a commemorative photo with officials from the Gyeonggi Credit Guarantee Foundation for the foundation's relocation. Provided by Namyangju City

He continued, "Prioritizing support for small and medium businesses and the self-employed, even under difficult financial circumstances, is key to regional economic recovery. I hope that the relocation of Gyeonggi Credit Guarantee Foundation’s headquarters will inject new vitality into local businesses, becoming a stepping stone for Namyangju’s economic advancement."

Meanwhile, Gyeonggi Credit Guarantee Foundation plans to fully relocate its headquarters by constructing a new office building in the Wangsuk 2 District in the future. The final move is expected to be completed in the early 2030s, providing a foundation for Namyangju to grow into a central city for corporate and financial support in northern Gyeonggi.

This content was produced with the assistance of AI translation services.