Saemaeul Geumgo, "Achieving 200 Trillion Won in Assets This Year"
[Asia Economy Reporter Kim Min-young] The National Credit Union Federation of Korea (Saemaeul Geumgo) held a management strategy meeting and announced that this year will be the inaugural year for achieving assets of 200 trillion won.
Saemaeul Geumgo stated that the management strategy meeting was held from the 5th to the 7th at the Central Hall in Gangnam-gu, Seoul.
At this meeting, attended by Park Cha-hoon, Chairman of the National Credit Union Federation of Korea, and executives and employees from over 40 departments, key management issues were shared and plans to achieve the 2020 business goals were discussed.
Preparing for the era of 200 trillion won in assets, Saemaeul Geumgo set the main business goals for 2020 as ▲mutual growth of the Federation and credit unions ▲strengthening digital finance ▲protecting financial consumer rights ▲fulfilling social responsibility ▲enhancing risk management capabilities.
Accordingly, the National Credit Union Federation of Korea will strengthen support functions for credit unions through various regulatory and institutional improvements. In addition, in preparation for the 'digitalization of finance,' it plans to promote the strengthening of digital finance linked with the establishment of an IT center, and actively engage in social responsibility through differentiated social contribution activities.
Along with this, it will enhance risk management capabilities to respond proactively to anticipated risks in preparation for the rapidly changing management environment.
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Park Cha-hoon, Chairman of the National Credit Union Federation of Korea, emphasized, "This year will be an exciting year as Saemaeul Geumgo opens the era of 200 trillion won in assets," adding, "All executives and employees of the Federation must unite their capabilities for Saemaeul Geumgo's historic leap." As of the end of 2018, Saemaeul Geumgo's total assets were approximately 163.7 trillion won.
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