The Machinery Financial Cooperative(MAFC) is an organization founded in 1986 as an affiliate assurance organization of the Ministry of Commerce, Industry and Energy of Korea to offer the capital goods industry various assurances required in business activities(bidding, contracting, defect assurance, etc), at affordable prices and in a convenient manner. MAFC is a government invested assurance organization specializing in quality assurance and root industry operation assurance with funds invested by the government and large enterprises(Samsung Electronics, Hyundai Motor Group, Doosan Heavy Industries, etc).

1. Major Products
- General Assurance
- Certified Product Assurance
- Root Industry Implementation Assurance
- Performance Assurance and other Implementation Assurance Insurance

2. Types of implementation Assurance
- Bidding Assurance : Assurance for the bid deposit
- Contract Assurance : Assurance for contract deposit
- Payment Assurance : Assurance for the return contract credit
(type : deposit, down payment, middle payment, reserve, progress, payment, purchase, implementation)

3. Cooperative Service Products
- (Product Liability(PL) Group Insurance) When a products becomes the subject of a legal compensation claim due to its quality or misc. defects, this insurance assures the compensation liability through group insurance which reduces the financial burden of its members.