FSC Vice Chairman Kim So-young attended the MOU signing event held between Korea Credit Guarantee Fund (KODIT) and Hyundai Motor Group on August 31 for promoting export financing support for the suppliers and subcontractors of the auto industry. Under the MOU, KODIT and Hyundai Motor Group plan to provide special guarantee products in support for auto subcontractors who are seeking to export their products and expand their business overseas together with the automakers. Hyundai Motor Group will make special contribution of KRW15 billion to KODIT, which in turn will supply special guarantees worth about KRW300 billion. In his opening remarks, FSC Vice Chairman Kim So-young talked about the importance of collaborative efforts in drawing up support for overseas business expansion of major industry suppliers and subcontractors, noting that it marks the first such instance.