Saemaeul Geumgo 57th Anniversary "We Will Establish a Century-Long Plan"

At the 57th anniversary ceremony held on the 25th at the Saemaeul Geumgo Central Association Hall in Gangnam-gu, Seoul, Park Cha-hoon, President of the Saemaeul Geumgo Central Association (fourth from the left), and key executives are cutting the commemorative cake. Photo by Saemaeul Geumgo Central Association

[Asia Economy Reporter Kim Min-young] Saemaeul Geumgo Central Association announced on the 26th that it held a ceremony to commemorate its 57th anniversary.

The ceremony, held the day before at the MG Hall of the Saemaeul Geumgo Central Association building in Gangnam-gu, Seoul, was attended by Park Cha-hoon, president of the Saemaeul Geumgo Central Association, and executives and employees.

This year, to prevent the spread of the novel coronavirus infection (COVID-19), the event focused on ‘social distancing in daily life’ and simultaneously held the 57th anniversary merit awards, the 29th Saemaeul Geumgo Awards, the 2020 management evaluation contest, and the 2019 mutual aid year awards ceremony.

In his commemorative speech, President Park said, “I pay tribute to the dedication and passion of the Saemaeul Geumgo members who have led 57 years of history and the era of 200 trillion won in assets,” adding, “Although we are facing an unprecedented crisis due to COVID-19, based on Saemaeul Geumgo’s unique spirit of self-reliance and success DNA, we will turn this crisis into an opportunity and despair into hope, leading the establishment of Saemaeul Geumgo’s centennial plan.”

Meanwhile, Saemaeul Geumgo, founded on our traditional cooperative spirit such as gye dure, hyangyak, and pumsasi, started in the Gyeongnam region on May 25, 1963, and has grown to a scale of total assets of 196 trillion won, 1,300 geumgos, and 3,217 branches as of the end of April.

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