Song Jaegun, Former Financial Services Commission Officer, Appointed as Head of Credit and Mutual Aid Business at Shinhan Credit Cooperative

Song Jae-geun, CEO of Credit and Mutual Aid Business, National Credit Union Federation of Korea

[Asia Economy Reporter Kim Min-young] The National Credit Union Federation of Korea announced on the 1st that it has appointed Song Jae-geun, former Director of Institutional Operations at the Financial Services Commission, as the new CEO of the Credit and Mutual Aid Business.

The Credit Union appointed Song as the new CEO of the Credit and Mutual Aid Business at the 47th Regular Delegates' Meeting held on the 25th of last month. CEO Song previously served as Director of Institutional Operations at the Financial Services Commission, Auditor, and Executive Director of the Life Insurance Association.

CEO Song stated, "As I take office as the CEO of the Credit and Mutual Aid Business at the National Credit Union Federation of Korea, which is at the beginning of a major organizational restructuring, I will lead change with a strong sense of responsibility and mission." The term of office is 4 years starting from the 2nd.

Min Byung-jin, Inspection and Supervision Director at the National Credit Union Federation of Korea

On the same day, the Credit Union Delegates' Meeting appointed Min Byung-jin, former Deputy Governor of the Financial Supervisory Service, as the new Director of Inspection and Supervision. Director Min previously served as Director of the General Banking Bureau, Director of the Banking Supervision Bureau, and Deputy Governor at the Financial Supervisory Service.

He said, "By redefining the direction of inspection and supervision tasks at the Credit Union, I will enhance efficiency and contribute to the sound growth of the cooperative by strengthening internal controls, credit screening, and post-management."

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