History

The purpose of CG is to achieve sound development of construction business by providing guarantee,
Loan and Insurance services required by CG members to facilitate autonomous economic activities and enhanced economic position of CG members.

2018 ~ 2011

  • 2018
    • 11

      Launched fire comprehensive insurance product

    • 09

      Launched executives and employees’ liability comprehensive insurance product

    • 09

      Maintained international credit rating of A+ for 5 consecutive years (A.M. Best)

    • 08

      Maintained international credit rating of A for 7 consecutive years (Fitch Ratings)

  • 2017
    • 10

      Opened Sejong Field golf practice center

  • 2016
    • 04

      Launched group casualty insurance product

  • 2014
    • 12

      Opened e-Document Submission system

    • 12

      A.M.Best A+/Stable rating obtained

  • 2013
    • 10

      50th anniversary of foundation

    • 06

      Adopted construction machinery rental payment guarantee system

    img of 50th anniversary of foundation

    2013. 1050th anniversary of

    Construction Guarantee

  • 2012
    • 12

      Obtained "A" rating from international credit rating agency Fitch Ratings

    • 09

      Grand opening of Sejong Field Golf Club

    • 05

      Adopted comprehensive payment guarantee system

    • 04

      Changed operation method of insurance business to internal underwriting insurance


    img of Grand opening of Sejong Field Golf Club

    2012. 09Grand opening of Sejong

    Field Golf Club

  • 2011
    • 10

      Guarantee balance exceeded 100 trillion Won

    • 10

      Introduced Escrow Trust system for joint management of advance payments

    • 06

      Established 'CG2020 Management Strategy'

    • 04

      Initial sale after completion of Pyeongtaek construction site completed under CGC

    • 04

      guarantee after default of construction contractor

2010 ~ 2000

  • 2010
    • 09

      Opened Next Generation system

    • 06

      Expanded total guarantee limit (30 times)

    img of Opened Next Generation system

    2010. 09 Opened Next Generation system

  • 2009
    • 10

      Lump-sum subcontractor payment guarantee system adopted for the first time domestically

    • 07

      Overseas worker casualty insurance and finished contracted works insurance product launched

  • 2008
    • 07

      Installed defect dispute support center, Commenced Business compensation liability insurance business

    • 01

      Commenced Construction contracted works insurance business

  • 2006
    • 08

      Commenced Workers’ casualty insurance business

    • 05

      Announced New CI, 'CG‘


  • 2000
    • 08

      Adopted Electronic Transaction Guarantee system


1999 ~ 1963

  • 1999
    • 07

      Abolished Joint surety system, adopted full-fledged credit transaction

    • 04

      Opened Construction Management Training Center

    img of Opened Construction Management Training institute Center

    1999. 04 Opened Construction Management
    Training Center

  • 1997
    • 07

      Insurance cooperative provisions are integrated and stipulated in the 「Framework Act on the Construction Industry」

  • 1995
    • 07

      Adopted Credit Evaluation system


  • 1988
    • 04

      Korea Specialty Contractor Financial Cooperative separated from the Korea Construction Financial Cooperative.

  • 1963
    • 10

      Held the first general assembly meeting

    • 07

      「Korea Construction Financial Cooperative Act 」 enacted and promulgated (Law No.1382)

    img of Held the first general assembly meeting

    1963. 10 Held the first general assembly meeting