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▲ Credit Guarantee Fund. |
[에너지경제신문 송두리 기자] The Credit Guarantee Fund announced on the 18th that it will provide a 20 trillion won worth of accounts receivable insurance this year to prevent the serial bankruptcy of small and medium-sized businesses suffering from the novel coronavirus infection (Corona 19) and support business stabilization.
We will also continue to promote local government agreement insurance to reduce the premium burden of local SMEs. Shinbo has signed insurance premium support agreements with 14 local governments including Chungnam and Jeonbuk to provide insurance premiums to local SMEs. This year, it plans to support small and medium-sized enterprises (SMEs) to subscribe to trade receivable insurance without insurance premiums through continuous agreements with local governments.
The role of public insurance for overcoming the Corona 19 crisis will be strengthened by giving preferential treatment to socially underprivileged companies, such as early start-ups and social economic companies, which are struggling with the contraction of domestic demand. In addition, it plans to support the reinforcement of the business competitiveness of mid-sized companies in the post-corona era by expanding the supply of’high option insurance’, a specialized product for mid-sized companies with high job creation effects, to 200 billion won.
In addition, in order to enhance the accessibility and convenience of accounts receivable insurance, it will develop a non-face-to-face service app that enables from subscription to insurance claim through mobile. Diversification of sales channels will also be promoted so that insurance information and recommendations can be made through banks, which are the financial contacts of SMEs.
A Shinbo official said, “In times of concern about prolonged economic downturn due to Corona 19, trade receivable insurance is the best product to prepare for insolvency due to non-recovery of accounts receivable and to prevent chain bankruptcy.” I will do my best to do it,” he said.
Trade receivable insurance is a public insurance system in which Shinbo is entrusted with business from the Ministry of SMEs and Startups. It compensates up to 80% of the loss incurred when an insured company fails to collect money from the customer after selling goods or services on credit.
Trade receivable insurance can be purchased at Shinbo’s 10 regional insurance centers and 109 branches nationwide.
Reporter Song Doo-ri [email protected]