Construction Industry Guarantee, South Korea's leading construction guarantee provider, celebrated its 30th anniversary Thursday by announcing plans to speed up AI-driven innovation and expand digital financial services.
CI Guarantee held a commemorative ceremony at the Westin Josun Seoul, bringing together some 250 guests, including Kim Sung-hwan, director of the construction industry division at the Ministry of Land, Infrastructure and Transport; Nam Young-hee, Incheon’s deputy mayor for balanced development; and former chairmen and executives of member companies.
During the ceremony, CI Guarantee unveiled its new long-term vision, “A Leap Forward in Trust: Building the Next 100 Years through AI Innovation.”
Under the vision, CI Guarantee aims to improve the safety and efficiency of its asset management, while introducing AI-powered businesses and upgrading digital financial services to enhance convenience for members.
"CI Guarantee's 30-year history is one of partnership, built on the trust and solidarity of our members as we navigated challenging times together," said Choi Un-gu, acting chairman of CI Guarantee.
"Building on the trust established over the past three decades, we will embrace AI and digital innovation to become a more accessible and reliable financial partner for our members and help shape the next 100 years of the mechanical construction industry," he added.
The organization was established in May 1966 with government approval and 3,221 member companies. By the end of 2025, its membership had grown to 10,054, and its total assets reached 1.55 trillion won ($1.16 billion).
Initially focused on providing guarantees for construction-related transactions, CI Guarantee has since expanded its business to include lending and mutual aid, offering eight mutual aid products.
More recently, the organization has lowered guarantee and mutual aid fees and expanded digital services — including self-serve guarantees and Kakao-based guarantee services — to reduce costs and improve accessibility for members.
sahn@heraldcorp.com
