Korea Credit Guarantee Fund (KCGF) held the opening ceremony of the "Hanoi Office" at the Gyeongnam Landmark Tower in Hanoi, the capital of Vietnam, and began its official work.
To comply with the Vietnamese government's quarantine guidelines following the spread of COVID-19 and to prevent the spread of the virus, the opening ceremony was simplified into an event organized by the head of a local office, the KCGF said on Dec. 7.
Among those on hand at the event were Song Won-young, National Tax Service official at the Korean Embassy in Vietnam, Lee Hae-song, director of the Financial Supervisory Service's Hanoi office, and Lee Chae-ho, vice president of Shinhan Vietnam Bank, attended the event.
The Hanoi office will reopen 21 years after the closure of its overseas offices (Bangkok, Frankfurt, New York, and Tokyo) operated by KCGF during the IMF economic crisis.
It has recently been set up to establish a support base for small and medium-sized companies in Vietnam and other new southern countries as their needs for policy support to overseas companies have increased.
CEO Yoon said, "The opening of the Hanoi office will be of great help to Korean companies entering Vietnam as part of the government's push for the New Southern Policy."