Machinery Financial Cooperative is an expert institution which grants guarantees in the machinery industry, exclusively taking charge of quality assurance service to machineries, parts, materials and industrial utilities, new products of the government and performance approved products.

Based on Article 40 of the Industrial Development Law, MAFC(Machinery Financial Cooperative) was established to promote the sound development of Korea capital goods industry and the safety and profit of both recipients by improving the quality of machinery and establishing a credit-based compensation system through mutual cooperation among members.

Generally, demand for the capital goods industry is known to be determined by the performance, function, and reliability of the machine itself rather than the price advantage. In the meantime, Korea’s capital goods industry has reached a level that it could cope with competitors' products in terms of performance and function with constant efforts for technological development, while continuing quantitative growth based on growth-oriented government policy.

However, despite this quantitative and qualitative growth, there are still many difficulties in securing the reliability of the entire domestic capital goods industry, and the MAFC(Machinery Financial Cooperative) been making efforts to contribute to the creation of demand for domestic capital goods through the enhancement of the reliability of the capital goods industry since its founding.

Not only that, the Mutual Aid Association of Capital Goods is striving to improve management conditions in the root industry and win-win cooperation between large and small & medium-sized businesses dedicating to warranty the root industries such as casting, molds, welding, etc, which are the basis of our manufacturing competiveness.

Now and forever, The Mutual Aid Association of Capital Goods will continue to improve its customer service and maintain a solid financial structure, and it will be a reliable partner for our capital goods industry by achieving steady and stable growth.

Thank you.