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Insurance

SGI Insurance signs MOU with IADB to revitalize guarantee insurance

The two companies plan to collaborate on researching guarantee insurance in the S.American market

By Mar 29, 2023 (Gmt+09:00)

1 Min read

SGI　CEO　Yoo　Gwang-yeol　(left)　and　IADB　President　Ilan　Goldfajn　in　IADB　Headquarters,　Washington　DC
SGI　CEO　Yoo　Gwang-yeol　(left)　and　IADB　President　Ilan　Goldfajn　in　IADB　Headquarters,　Washington　DC

Seoul Guarantee Insurance Company (SGI) announced on Wednesday that it had entered into a memorandum of understanding with the Inter-American Development Bank (IADB) to promote the activation of guarantee insurance in Central and South America.

SGI and IADB will collaborate on researching guarantee insurance in the region. SGI aims to offer guarantee services to domestic enterprises venturing into Latin American markets and explore options to revive the guarantee insurance program through this partnership.

The IADB, founded in 1959, is the most extensive regional development financial institution in the Americas, dedicated to supporting healthcare, education and infrastructure growth in Central and South America.

Write to Jin-Woo Park at jwp@hankyung.com
#Seoul Guarantee Insurance Company #Inter-American Development Bank #guarantee insurance #IADB #SGI #korea sgi iadb
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