The Korea Credit Guarantee Fund Act was amended. The rate of contributions from financial institutions was reduced from 0.5% to 0.3% per annum and the period of contributions was extended to the end of 1985.
Korea Credit Guarantee Fund was established as a special legal entity.
The Credit Guarantee Fund Act was promulgated. The functions of KODIT were temporarily carried out by the Industrial Bank of Korea, which served as a proxy before KODIT was established.