Seoul Guarantee Insurance (SGI) was originally established in 1969 under the name of Korea Fidelity and Surety Company.
As a comprehensive guarantee service provider, SGI is currently the domestic market leader in the surety and credit
insurance industry, enjoying an unsurpassed reputation for its financial strength in the global market.
SGI’s stature in the industry has been validated by its credit ratings of “A+” and “AA-" given by S&P and Fitch, respectively.
Looking to the future, SGI will strive to reach its vision of becoming a “World-Top Class Financial Institution” leading the
global industry. With more than 51 years of experience and expertise, SGI has brought about a better and brighter
future to individuals and corporations through credit provision, facilitating Korea’s economic development.
Classification | Shareholder |
---|---|
KDIC | 32,764,453(93.85%) |
Life Insurers | 1,519,605(4.35%) |
Non-Life Insurers | 285,333(0.82%) |
Others | (0.98%) |
The state-owned Korea Deposit Insurance Corporation holds 93.85% of SGI’s shares.
SGI is the market leader in the domestic surety and credit insurance industry.
As of December 2019, SGI’s exposure amounted to USD 295.1 Billion, accounting for 26.2% of the Korean guarantee market.
Classification | Exposure (Unit:In USD billion) |
Market Share(%) |
---|---|---|
SGI | 295.1 | 26.2 |
Guarantee Cooperative | 157.1 | 13.9 |
HUG | 354.8 | 31.5 |
K-SURE | 64.2 | 5.7 |
Guarantee Funds | 81.6 | 7.2 |
Banks | 72.7 | 6.5 |
Other | 101.6 | 9.0 |
Total | 1,127.1 | 100 |
[NOTE]
Company | Business Area | Established | Shares |
---|---|---|---|
SGI Credit Information Company | Debt Collection | Jan. 8, 2004 | 85.0% |