Gwangju Bank Holds Opening Ceremony for Mokpo City Hall Branch

[Asia Economy Honam Reporting Headquarters Reporter Park Seon-gang] Gwangju Bank (President Song Jong-wook) announced on the 14th that it held an opening ceremony for the Gwangju Bank Mokpo City Hall Branch at Mokpo City Hall in Jeollanam-do.

The opening ceremony of the Mokpo City Hall Branch was attended by key officials including Song Jong-wook, President of Gwangju Bank, Kim Jong-sik, Mayor of Mokpo, Kim Hyu-hwan, Chairman of Mokpo City Council, Lee Han-cheol, Chairman of Mokpo Chamber of Commerce and Industry, and prominent local CEOs, who celebrated the new start of the Mokpo City Hall Branch together.

For the first time, the local regional bank Gwangju Bank has acquired the position of Mokpo City's primary treasury, which had been managed by commercial (corporate) banks for the past 58 years. Accordingly, Gwangju Bank will be responsible for Mokpo City's general accounting and will serve as the treasury keeper, managing approximately 218.8 billion KRW over three years from this year through 2022.

In last year's competition to secure the Mokpo City treasury, Gwangju Bank received favorable evaluations for its contributions to the local community, including relief activities for the fire damage at Mokpo Jungang Market and supporting the new Mokpo Marine Cable Car project with 10 billion KRW, contributing to the development of Mokpo City.

Additionally, Gwangju Bank supported a total of 512.4 billion KRW in loans to small and medium-sized enterprises in the Mokpo area, visited SME sites, listened to local difficulties, and worked together with Mokpo citizens to overcome challenges. Going forward, it plans to actively support the attraction of companies to the Mokpo Daeyang Industrial Complex.

In last year's competition for regional public treasuries, Gwangju Bank newly took charge of Gwangsan District in Gwangju and successfully retained Dong, Seo, and Buk Districts in Gwangju. The bank pledged to do its best in the role of treasury keeper to ensure that public funds raised from local residents' taxes circulate positively throughout the local economy. It also decided to establish and upgrade five branches (Mokpo City, and Dong, Seo, Buk, and Gwangsan Districts in Gwangju) to enhance the quality of financial services for related institutions and local residents.

Going forward, Gwangju Bank plans to implement an advanced strategy to solidify its foundation in the Jeonnam and Gwangju regions by smoothly operating local government public treasuries, supplying public funds raised from local taxes throughout the regional economy, and practicing customer-centric management closely connected to local institutions and residents.

Song Jong-wook, President of Gwangju Bank, said, “We thank Mokpo City and local residents for entrusting us with the management of the region’s finances so that we can faithfully contribute to the development of the local economy. As the representative bank of Jeonnam and Gwangju that knows the region best and serves its residents best, we will do our utmost to be trusted and loved by the local people by providing smooth treasury operations and high-quality financial services.”

With the opening of the Mokpo City Hall Branch, the number of Gwangju Bank branches reached 144, including 116 in Jeonnam and Gwangju regions and 28 in the metropolitan area. Gwangju Bank plans to open the Gwangsan District Office Branch on the 16th.

This content was produced with the assistance of AI translation services.