Korea Exports Insurance Corporation (KEIC) was officially reborn as Korea Trade Insurance Corporation (K-sure) on July 7 on its 18th birthday.
Choi Kyung-hwan, Minister of the Ministry of Knowledge Economy (MKE) explained the reason for the lunch as, "As the agency is reborn today, trade credit support will be strengthened in the area of trade and investment overall such as a variety of overseas investment and international business and overseas resource development for Small and Medium companies. K-sure is going to support not only exports but also imports of raw materials and key commodities."
Minister Choi stressed the fact that the effects of past Export Drive policy is greatly limited due to the recent acceleration and cross-linking of international trade, domestic demand, exports, imports, domestic and foreign investment. And he said at the launching ceremony, "With complex and balanced foreign trade and investment support policies via trade insurance, it will be able to enhance import and the export as well as revitalise domestic industry and foreign and domestic investment."
Later, K-sure also launched 'K-sure New Vision 2010' and opened their new CI (Corporate Identity) in public. Ryu Chang-moo,Chairman and President of the Korea Trade Insurance Corporation announced that K-sure will provide trade insurance, to the scale of KRW 360 trillion, for 16,000 domestic companies in 2020 to achieve a trade surplus amount of USD 2 trillion and to anticipate being one of the five top trade powers in the world.
At its foundation, K-sure is going to carry out the Gross Revenue Insurance Plan, develop high quality of trade insurance services and management for trade between companies and activation of Investment transactions.