Kim Yoon-sik, President of the National Credit Union Federation of Korea, Elected as Chair of the World Council of Credit Unions COVID-19 Response Committee

Kim Yoon-sik, President of the National Credit Union Federation of Korea, is discussing COVID-19 response measures in a video conference of the World Council of Credit Unions (WOCCU).

[Asia Economy Reporter Kim Min-young] The National Credit Union Federation of Korea (NACUFOK) announced on the 22nd that Chairman Kim Yoon-sik was elected as the Chair of the COVID-19 Response Committee at the World Council of Credit Unions (WOCCU) board meeting held on the 21st (local time in the United States).

The COVID-19 Response Committee is the most urgent and core committee within the WOCCU Executive Committee. Chairman Kim, who was elected as the Chair, will work alongside WOCCU Secretary General Brian Branch of the United States to oversee and lead the response strategies for overcoming the COVID-19 crisis for approximately 300 million credit union members worldwide.

The WOCCU board meeting and general assembly were held via video conference from the 16th to the 21st. During the meeting, Chairman Kim explained the active support efforts of Korean credit unions, including loan support services for overcoming COVID-19, a donation of 2.1 billion KRW, and the donation of 200,000 masks, receiving full support from representatives of WOCCU member countries.

Korean credit unions have also participated in the K-quarantine efforts that prevented COVID-19 through drive-thru testing centers, strict mask-wearing, and proactive screening systems. In the early stages of COVID-19, an emergency response committee was organized, urging 882 credit unions nationwide to wear masks, provide hand sanitizers, and postpone events, focusing on proactive measures.

With Chairman Kim being appointed as the Chair of the WOCCU COVID-19 Response Committee, the efforts of Korean credit unions to overcome the coronavirus have once again been validated globally, further elevating the status of K-quarantine.

Chairman Kim said, "Korean credit unions organized an emergency response committee early in the COVID-19 outbreak to respond proactively," adding, "To overcome COVID-19, I will represent credit unions worldwide to establish systematic response strategies and spare no effort in providing all possible support at the credit union level, including quarantine supplies."

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