1. Reasons for Amendment

Annual contribution rates under the Enforcement Rule of the Korea Credit Guarantee Fund Act and the Enforcement Rule of the Korea Technology Finance Corporation Act are 2.25/1000 and 1.35/1000, respectively, while the annual contribution rate under the Enforcement Decree of the Regional Credit Guarantee Foundation Act is only 0.4/1000. Accordingly, it is necessary to increase the statutory contribution rate for financial companies, etc. to make up for losses incurred by regional credit guarantee foundations due to payments by subrogation, and increase the guarantee funds of regional credit guarantee foundations so as to supply small and micro enterprises with guarantees.

2. Major Provisions

A. Increase the contribution rate of financial companies, etc. (attached Table of Article 5-3 (1))

1) Increase the annual contribution rate of financial companies, etc. from 0.4/1000 to 0.5/1000 (increase to an annual rate of 0.7/1000 for 2 years from the enforcement date)