Government backing ensures Korea Trade Insurance's solvency

Moody's views government support as near-certain, given K-SURE’s designation as a public institution.

Korea Trade Insurance Corporation's (K-SURE) close ties with the South Korean government, which is legally obligated to ensure the insurer’s solvency under Article 36 of the Trade Insurance Act, has proven it to have a stable outlook, according to Moody’s Ratings. 

The stable outlook indicates Moody’s expectation that K-SURE’s policy role and strong government backing will remain consistent over the next 12 to 18 months, particularly given the critical role of trade in South Korea's economy.

The government’s full ownership and control over K-SURE, coupled with its mandate to support Korean trade and overseas investments, further solidify its strategic importance. 

Moody's views government support as near-certain, given K-SURE’s designation as a public institution and its operational oversight by key ministries, including the Ministry of Economy and Finance and the Ministry of Trade, Industry, and Energy.