Certification Service
We issue various guarantee certificates for business maintenance in sales of industrial utilities, parts, materials, and machineries produced by members of the association, and also financial transactions, exports, and guarantees required for production process.
Types of guaranty
- Bidding guaranty
- Agreement (difference) guaranty
- Payment guaranty (advance payment, down payment, advance payment, advance materials, contraction reserves, performance reserve, subcontract payment, delivery price, etc)
- Warranty for defect
- Guaranty of payment guaranty
Product Liability (PL) Insurance
It is an insurance to secure and cover damage compensation obligated by law for property damage or physical damage of the 3rd parties, due to the defects of the product manufactured by the 1st party was transferred to the other party.
- PL group insurance
- Product liability (PL) insurance for new products and related equipment
- ※ New product (NEP) certification: certified by the Ministry of Trade, Industry and Energy
Performance Insurance
It is an insurance which secures damage responsibility caused by performance deterioration of products sold to public institutions which had previously acquired performance approval, and manufactured by secured member company,
- ※ Performance Insurance: Certified by the Small and Medium Business Administration in accordance with the Act on Promotion of SMEs and Promotion of Purchase of Products
Credibility Insurance
It is an insurance which secures and covers possible property damage of credibility ensured products, so that consuming companies can utilize domestically produced parts and materials without risk.
- ※ Reliability Certification: Certified by the Ministry of Trade, Industry and Energy in accordance with the Special Measures Act for the Promotion of Parts and Materials Specialized Enterprises
Material Group Purchase
This service is provided to members of the association to ensure stable supply by securing high quality and low price materials domestically and internationally, to reduce costs and improve competitiveness of our members.