JLGC Study Tour to Korea

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20/09/2015

An official delegate from JLGC led by H.E. Dr. Mohammed Al Ja'fari and comprising of Mr. Samer AlRoud, Senior Credit Officer at Follow up and Collection Department, Mr. Iyad Mu’amr, Credit Officer at the SME Loan Guarantee Dept. participated in the study tour program to Korea during the period of 6th until 12 September, 2015. The delegate visited Korea Credit Guarantee Fund (KODIT), Korea Enterprise Data (KED) and the Industrial Bank of Korea (IBK).

 

The study tour mainly aimed to share experiences and ideas with peer organizations in the field of loan guarantees, and discussing the details of SMEs lending and different supporting enablers. The visit will help JLGC to develop its strategies and action plans for the implementation of the best international practices.

 The delegate met the top management of the organizations visited and discussed various topics about managing risks of the SME portfolios and the management of distressed guarantees and debt collection.

 

As a next step to deepen the relationship between JLGC and KODIT, the Korean Credit Fund proposed a project for Knowledge Sharing Program (KSP) to enhancing the partnership with JLGC and nurturing mutually beneficial relationships through practical approaches for supporting both countries’ economic development efforts.