Cooperative Council Resolves Donation of Disaster Relief Funds by Executive-Level Officers

At the Korea Cooperative Council meeting held on the 14th at the Saemaeul Geumgo Central Hall in Gangnam-gu, Seoul, (from left) Lim Joon-taek, President of the National Federation of Fisheries Cooperatives; Kim Yoon-sik, President of the National Credit Union Federation of Korea; Lee Sung-hee, President of the National Agricultural Cooperative Federation; Park Cha-hoon, President of the National Saemaeul Geumgo Federation; and Choi Chang-ho, President of the National Forestry Cooperative Federation, are posing for a commemorative photo. Photo by Saemaeul Geumgo Central Federation

[Asia Economy Reporter Kim Min-young] Chairpersons of cooperative financial institutions in South Korea have agreed to participate in the government's voluntary donation of emergency disaster relief funds.

The Korea Cooperative Council's executive committee announced on the 15th at the Saemaeul Geumgo Central Association in Gangnam-gu, Seoul, that during the executive meeting held the previous day, they decided on voluntary donations by executives at the manager level and above.

Established in July 2009, this council is a cooperative body composed of the Saemaeul Geumgo Central Association, Nonghyup Central Association, Korea Forest Cooperative Federation, National Federation of Fisheries Cooperatives, National Credit Union Federation of Korea, and iCOOP Cooperative Federation.

Park Cha-hoon, Chairman of the Korea Cooperative Council (and Chairman of the Saemaeul Geumgo Central Association), stated, “We hope that the voluntary donations from the executive committee will help those facing economic difficulties due to the novel coronavirus disease (COVID-19).”

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