Won Yeong-jun, former Director of the Small and Medium Enterprises and Startups Agency, has been appointed as the chairman of the Korea Credit Guarantee Fund.
The Korea Credit Guarantee Fund held an inauguration ceremony on the 19th and noted on the 20th that Won Yeong-jun has taken office as the 10th chairman. The term is three years.
The Korea Credit Guarantee Fund is an organization under the Ministry of Small and Medium Enterprises and Startups that supports loans from financial institutions by guaranteeing the credit of small enterprises and small business owners in the region who lack collateral. It operates 17 credit guarantee funds nationwide.
Newly appointed Chairman Won Yeong-jun graduated from Seoul National University with a bachelor's and master's degree in control engineering and entered public office in 1995 as part of the 30th technical examination. He has served as the Director of the Market and Business Division at the Small and Medium Enterprises Agency, the Director of Overseas Market Policy at the Ministry of Small and Medium Enterprises and Startups, and the Director of Small Business Policy.
Former Chairman Lee Sang-hoon’s term ended in October last year, but he continued to serve without appointing a successor due to the state of emergency declared on December 3.
The situation was similar for other vacant major agencies under the Ministry of Small and Medium Enterprises and Startups, such as Korea Venture Investment. However, as the political landscape shifts with the decision regarding Prime Minister Han Duck-soo's impeachment set for the 24th, it is expected that the appointments in the agencies under the Ministry of Small and Medium Enterprises and Startups, which had been delayed, will accelerate, starting with the Korea Credit Guarantee Fund. The legal community sees a high possibility of the impeachment being dismissed.