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Sep |
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Enactment of the Regional Credit Guarantee Foundation Act |
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Mar |
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Effectuation of the Regional Credit Guarantee Foundation Act |
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Aug |
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Establishment of the Korean Federation of Credit Guarantee Foundations (KOREG) |
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Dec |
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Amendment to the Regional Credit Guarantee Foundation Act for inclusion of the
reguarantee in KOREGĄ¯s business |
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Mar |
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Effectuation of the amended Regional Credit Guarantee Foundation Act |
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Jan |
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Commencement of the reguarantee business |
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Apr |
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Designation of KOREG as a government-run organization |
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May |
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Accumulated a reguarantee balance of one trillion won |
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Mar |
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Amendment to the Regional Credit Guarantee Foundation Act (Law No.7863) for insertion
of a clause making it obligatory for financial institutions to contribute to KOREG and
CGFs |
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May |
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Accumulated a reguarantee outstanding of two trillion won |
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