Korea Ratings Corporation, along with its subsidiaries, provides credit rating and business valuation services in South Korea. Its offerings include credit evaluation of commercial papers, corporate bonds, financial bonds, and ABS, as well as business feasibility review, business valuation, SOC and financial consulting, and information services. The company also provides electronic procurement system and payment-type e-marketplace services for businesses. Formerly known as Korea Management Consulting Credit Rating Corporation, it changed its name to Korea Ratings Corporation in January 2003. Founded in 1983 and headquartered in Seoul, South Korea, it operates as a subsidiary of Fitch Ratings, Ltd.