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June Young-min Baang inaurated as President &CEO
March Written Premium exceeded 1 trillion won for 2006

DeCember Certificated "Service Quality Supervisory Company from the Ministry of Commerce, Industry & Energy(MOCIE)
October Awarded " E-Business Prize" sponsored by the Ministry of Commerce, Industry & Energy(MOCIE)
April Received Fitch Rating of A (Stable)
February Awarded "Korea Market Leader Prize" sponsored by Herald Economic Daily
February S&P rated BBB+(Stable)

August Awarded ¡°Korea e-finance Prize¡± sponsored by Korea Economic Daily
June Awarded ¡°Grandprix as the most reliable Insurer in Product development and Marketing¡± sponsored by Seoul Economic Daily
January Awarded ¡°DASAN Prize in Finance¡± sponsored by Korea Economic Daily

December Awarded ¡°Exellence in Service Quality Certificate¡± from Ministry of commerce, Industry and Energy
April Ki-Hong Jung inaugurated as President & CEO.
April Participated in a consortium of financial institutions including Kookmin Bank and Samsung Card to establish Korea Credit Bureau (KCB).
March Launch of a new subsidiary company, SG Credit Information Company(SG CIC).

June Launch of a joint-operations company between Seoul Guarantee Insurance Company and GE Capital, Corporate Restructuring Company(CRC).
March Annual premium income surpasses 800 billion won

November Joined in a Joint Venture with GE Capital and Merrill Lynch to establish an asset management company, SG Management
November Total increase in capital of 10 trillion 331.9 billion won since the start of the Seoul Guarantee Insurance Company

November Merger of Korea Guarantee Insurance Company and Hankuk Fidelity & Surety Company launching Seoul Guarantee Insurance Company.
July Start of Credit Insurance Division.
January Developed and launched new computerized system, PINCS Project(Process Innovation Insuring Customer¡¯s Satisfaction Project)
February The name of Korea Guarantee Insurance Co. adopted as the Company¡¯s new name.
May Named the best non-life insurance company for FY1993 by the Insurance Supervisory Board.

November

Establishment of Hankuk Fidelity & Surety Company.
June Joined Pan-American Surety Association
June Joined the International Credit Insurance Association(recently changed to International Credit Insurance & Surety Association)
February Establishment of Korea Fidelity & Surety Company