Ryu Hyuk Appointed as CEO of Saemaeul Geumgo Credit Guarantee Corporation

(From left) Oh Seung-won, Chairman of the Audit Committee of Saemaeul Geumgo Central Association, Ryu Hyuk, CEO of Credit Guarantee, Kim Ki-chang, Executive Director, Park Cha-hoon, President of Saemaeul Geumgo Central Association, Hwang Guk-hyun, Director, and Kim Chang-ok, Chairman of the Audit Committee, are posing for a commemorative photo on the 25th at the Saemaeul Geumgo Central Association building in Gangnam-gu, Seoul. Photo by Saemaeul Geumgo Central Association

[Asia Economy Reporter Kim Min-young] Saemaeul Geumgo Central Association announced on the 25th that Ryu Hyuk has officially taken office as the new Credit Guarantee Representative.

According to the Central Association on the same day, after holding a delegate meeting at the MG Talent Development Center in Cheonan, Chungnam on the 22nd, Ryu was appointed as the new representative.

The Credit Guarantee Representative is responsible for the Central Association's fund management and guarantee business. Ryu's term will last until March 14, 2022.

Born in 1963, Ryu graduated from Seoul National University and Konkuk University Graduate School of Public Administration. He worked at Samsung Life Insurance and Korea Land Trust before serving as co-CEO of Ice Tum Asset Management since May 2015.

The Central Association stated, "Ryu was appointed after comprehensively considering his expertise in fund management and market reputation."

In his inaugural speech, Ryu said, "I will strive to enhance the capabilities of fund management and guarantee business to strengthen Saemaeul Geumgo's competitiveness." He added, "Especially as the financial environment has become complex due to COVID-19, we will respond flexibly to market conditions through thorough risk management."

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