Kamco Expands Cooperation with Kazakhstan Government through Untact Training

Transferring Kamco's Expertise in Non-Performing Loan Resolution and Corporate Restructuring with EBRD

[Asia Economy Reporter Ki Ha-young] Korea Asset Management Corporation (KAMCO) announced that from the 15th, it will conduct a "two-way online training to strengthen capabilities in non-performing loan (NPL) resolution, corporate restructuring, and household recovery support" for four days targeting executives and employees of the Non-Performing Loan Resolution Fund (FPL) under the Ministry of Finance of Kazakhstan and the Financial Market Regulation Development Agency.

In this training, utilizing the Korea Trust Fund established within the European Bank for Reconstruction and Development (EBRD), KAMCO plans to transfer and share various experiences and cases containing its core competencies, including ▲ legal systems for NPL resolution ▲ corporate restructuring and personal credit recovery support ▲ development of national and public assets and successful cases of Onbid.

Originally, KAMCO intended to visit Kazakhstan for on-site training, but due to the prevention of the spread of the novel coronavirus infection (COVID-19), the format was changed to video conference discussions.

Since 2001, KAMCO has transferred experiences in NPL resolution and state-owned asset management and development to 33 institutions in 15 countries including China and Thailand.

KAMCO President Moon Sung-yoo said, "We will continue to expand untact exchanges and cooperation with Central Asian countries such as Kazakhstan and Uzbekistan to support the government's New Northern Policy realization and lead international cooperation and the Korean Wave in finance in the post-COVID-19 era."

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