Korea Credit Guarantee Fund (KODIT), a government subsidiary was formerly the main Korean provider of credit data and information to financial institutions and other companies. As the need has increased in recent years to better evaluate the credit status of small to medium-size enterprises in addition to medium to large and large-size enterprises, KODIT decided to spin off this business and transferred it to Korea Enterprise Data (KED), an affiliate.

KED was established on February 22, 2005 with the blessing of the Ministry of Finance and Economy.
We started with a capital of US$72 million and our shareholders are composed of KODIT (the largest with 47.8%), Korea Technology Credit Guarantee Fund (KOTEC), Korea Development Bank, Industrial Bank of Korea, Korea Federation of Banks, the Small Business Corporation and other major commercial banks such as Korea Exchange Bank, Shinhan Bank, Kookmin Bank, Woori Bank and Hana Bank.

On April 26, 2007, KED's capital stood at 82 million by additional investments from four new shareholders National Agricultural Cooperative Federation,Daegu Bank, Pusan Bank and Jeonbuk Bank.

KED started operating its international credit reporting service from March 25, 2005 after obtaining the license to operate credit information business from the Financial Supervisory Services of Korea.

In particular, KED specializes in credit information on small to medium sized enterprises and of course large sized enterprises, and has the largest database on SMEs in Korea which has been collected and updated by KODIT and KOTEC over the past 29 years. KED will continue to increase its database by pooling data from other shareholders.

There are about 3.1 million enterprises in Korea. Of these, more than 2.74 million are SMEs and 2.6 million SMEs have less than 5 employees. While not easy, KED’s mission is to provide credit information not only on large sized enterprises reported in public but also on SMEs, so they could also benefit from the services of financial institutions.

We believe that by pooling together the data that some of the shareholders have maintained, KED will be able to build the most extensive and reliable infrastructure and provide more complete credit data and information domestically and internationally.