Subsidiary |
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| [ SG Credit Information Company ] |
SG
Credit Information was established as a
company specializing in credit information,
which enables broader service extension
through integrated credit network building
from Seoul Guarantee Insurance, the largest
guarantee specializing institution.
In the past, there weren¡¯t any debt collection
companies that could effectively manage
the bad debt caused by financially troubled
households, although domestic financial
institutions wanted to sell the bad debt
or outsource the collection of bad debt.
In a brilliant move to resolve the problem,
SGIC; experts in managing debts, partnered
with Samsung Card; who were in need of outsourcing
its debt collection, to launch a new company
called SG CIC. The founding of SG CIC helped
reduce the expenses of debt management through
outsourcing and reinforced sales competitiveness
through effective allocation of human resources,
which enabled SGIC to position itself as
a world class guarantee insurance company.
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 82-2-3671-3300  82-2-3671-3350  http://www.sgcic.co.kr |
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| [ SG Management Ltd. ] |
SG
Management was established in Sept.2001
as an asset management company through a
partnership between SGIC and GECC(a consortium
of GE Capital and Merrill Lynch). SGIC invested
one billion USD in SG Management by selling
its bad debt. The key operation of this
company is to manage the ABS of intermediate
entities. |
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82-2-3671-3300 82-2-3671-3350 . |
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Joint Venture Company |
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| [ Korea Credit Bureau] |
In
a move to effectively manage private credit
information and to fortify risk management
for consumer loans, 11 financial institutions
including SGIC, Kookmin Bank and Samsung
Card formed a consortium to launch the Korea
Credit Bureau(KCB).
KCB started operations in October 2005 with
paid-in-capital of KRW 50
billion and private credit information gathered
from the various financial institutions.
KCB will be conducive in strengthening the
country¡¯s credit infrastructure by managing
the credit risk of financial institutions
and promoting a sound credit culture.
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82-2-708-6053 . http://www.kcb4u.com/ |
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