Credit Guarantee
Restricted Industries
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- In principle, the Foundation does not specify industries subject to credit guarantee, but targets all industries.
- However, luxury, unwholesome entertainment businesses, and non-essential industries with low industrial ripple effects and low contribution to the national economy are not eligible for guarantees.
Industries subject to reinsurance restrictions
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| Standard industrial classification | Industry |
|---|---|
| 56211 |
General entertainment bar business |
| 56212 |
Dance and entertainment bar business |
| 68 |
Real estate industry. However, real estate related service industries (682) are excluded. |
| 91121 |
Golf course operation business |
| 91291 |
Dance hall operation business |
| 91249 |
Other gambling facility management and operation business |
| 9612 |
Steam bath and massage parlor |
| 46102 |
tobacco brokerage business |
| 46209 |
Leaf tobacco wholesale business |
| 46333 |
Tobacco wholesale business |
| 64 |
Financial industry |
| 65 |
Insurance and pension industry |
| 66 |
Financial and insurance related service industry. However, cases in which there is support for guarantees for fintech related businesses among loss adjusting businesses (66201), insurance agency and brokerage businesses (66202), and other financial support service businesses (66199) are excluded. |
| 75993 |
Credit investigation and collection agency business |
|
A case in which a multi-level seller under Subparagraph 6, Article 2 of the Act on Door-to-Door Sales, etc. engages in multi-level marketing (business) as defined in Subparagraph 5 |
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Unhealthy businesses such as gambling and entertainment that are disguised by modifying the type of business, and other businesses designated by the Korea Federation of Credit Guarantee Foundations as being against national health and a sound culture, or as promoting extravagance |
Businesses subject to reinsurance restrictions designated by the Korea Federation of Credit Guarantee Foundations
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| Classification | Korean Standard Industrial Classification | Specific industry |
|---|---|---|
| Gambling and gaming related |
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| Healthy culture related |
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| Business encouraging speculation |
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- * Note) (Operation type) A company established for the purpose of selling real estate, which purchases forest or farmland in large quantities in areas with little development potential, divides it into smaller units (330 ㎡, 660 ㎡, etc.), and then conducts multi-level sales and telemarketing (by phone), which then sells real estate properties at a high price (3 to 5 times the market price) through an organized sales network such as solicitation sales.
