Saemaeul Geumgo Central Association Holds Groundbreaking Ceremony for MG Saemaeul Geumgo History Museum

Officials from Saemaeul Geumgo are taking a commemorative photo on the 3rd at the site of the Saemaeul Geumgo History Museum in Sancheong-gun, Gyeongnam.
(Fifth from the left in the photo, Park Cha-hoon, President of the Saemaeul Geumgo Central Association)

[Asia Economy Reporter Kim Hyo-jin] The National Credit Union Federation of Korea held a groundbreaking ceremony on the 7th at the site of the Saemaeul Geumgo History Museum located in Jiri, Sancheong-eup, Sancheong-gun, Gyeongsangnam-do.

The groundbreaking ceremony held on the 3rd was conducted with a small number of Saemaeul Geumgo officials, including Park Cha-hoon, President of the National Credit Union Federation of Korea, in consideration of the novel coronavirus infection (COVID-19).

Saemaeul Geumgo began as five cooperatives established in 1963 in Hadun-ri, Saengcho-myeon, Sancheong-gun; Wolgok-ri, Seongsan-myeon, Changnyeong-gun; Jeongam-ri, Uiryeong-myeon, Uiryeong-gun; Oesi-ri, Uiryeong-myeon; and Masan-ri, Namhae-gun, and has grown over 57 years into a financial cooperative with assets of 200 trillion won.

To establish the history and identity of Saemaeul Geumgo, preparations for the construction of the history museum began in earnest in 2018, and a memorandum of understanding (MOU) was signed with Sancheong County Office to build a mutual cooperation system.

The history museum is planned to be a three-story building above ground with a total floor area of 597.54 pyeong, aiming for completion in September next year. In particular, it will consist of various cultural and exhibition facilities such as an exhibition hall, member education facilities, a gallery, and an experience center, also serving as a hub for local culture.

President Park stated, “Saemaeul Geumgo will not be satisfied with assets of 200 trillion won and will strive to become a native financial cooperative leading Korea’s grassroots finance.”

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