Seoul Guarantee Insurance Company was initially formed under the aegis of Korea Fidelity and Surety Company. In the year 1969 this largest credit and surety services provider of Korea came into being to develop a full-fledged credit-based society. In November 1998 the company merged with Hankuk Fidelity and Surety Company and gained its present name of Seoul Guarantee Insurance Company.
About Seoul Guarantee Insurance Company, Seoul
Seoul Guarantee Insurance Company of Seoul was regarded as the topmost financial organization in context of surety and bonds by Credit Insurance & Surety Association in 2004. Also, the company ranks fourth in its entire performance and credit insurance. Guaranteed credit services are offered to both individuals and corporate houses by this renowned credit service provider of Seoul.
Services offered by Seoul Guarantee Insurance Company
Seoul Guarantee Insurance Company deals with various types of bonds such as Fidelity bonds and Contract Bonds. The company is also engaged in various international businesses. The bond products that are offered by this credit organization of Seoul are as follows:
Fidelity bond – this bond primarily provides assurance to the employer against robbery, theft, breach of trust, embezzlement and fraud done by the employee of any company. The owner of the project is the beneficiary of such bonds, while the bidder is the principal figure. The period of the bond starts on the day prior to the bidding day and continues for over 30 days.
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Contract bonds - this type of bond ratifies the completion of various contracts such as supply and construction contracts, among others. Some of the forms of contract bonds are:
- Cost Differences bond
- Maintenance bond
- Bid bond
- Material Qualification bond
- Performance bond
- Refund guarantee
- Design and Supervision bond
- Advance Payment bond
Seoul Guarantee Insurance Company also provides several other types of bonds some of which are:
- Credit sales bond
- Personal Guarantor bond
- Court bond
- E-commerce bond (Payment Gateway)
- Overseas Return bond
- License & Permit bond
- E-commerce bond (Shopping Mall)
- Taxation bond
- Credit bond
- Education/Training Expense bond
- Bail bond
Claim & Recovery and reinsurance business services are also offered by Seoul Guarantee Insurance Company in Korea. Interested individuals and companies can contact the Generl Manager, Public Relations Office of the company through the number 82-2-3671-7039.
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