Park Cha-hoon, Saemaeul Geumgo Chairman, "Entering Non-Financial Business"... Also Implementing Green New Deal and Mecenat

Park Cha-hoon, President of the National Credit Union Federation of Korea
[Photo by National Credit Union Federation of Korea]

[Asia Economy Reporter Song Seung-seop] Park Cha-hoon, Chairman of the National Credit Union Federation of Korea (Saemaeul Geumgo), expressed his aspirations for entering non-financial businesses in a written interview on the 15th.

Chairman Park said, “We plan to establish a new growth support system and support entry into non-financial businesses for win-win management,” adding, “We will build a financial environment suited to the untact era by introducing tablet branches and AI-based consultation services.”

He also added, “We will expand Green New Deal projects and implement Mecenat projects where companies support culture and sports to bridge the cultural gap among Saemaeul Geumgo members.”

As a key achievement, he cited reaching total assets of 200 trillion won. According to the Federation, as of December last year, Saemaeul Geumgo’s assets amounted to 209 trillion won, an increase of 19 trillion won from 190 trillion won the previous year. During the same period, net income also rose by 57.3 billion won from 722.8 billion won to 780.1 billion won.

Chairman Park explained, “Assets, which were about 150 trillion won at the end of 2017 before my inauguration, have grown by about 40%. Since taking office, I have emphasized autonomous and responsible management of Saemaeul Geumgo while reducing the contributions paid to the Federation and driving innovation in the digital finance sector.”

Other major achievements since his inauguration include the introduction of a simple six-digit PIN, the advancement of the Saemaeul Geumgo call center, and the integrated civil complaint management system.

Regarding the safety of Saemaeul Geumgo, he emphasized, “The accumulated depositor protection reserve reaches 1.9 trillion won,” and “We hold a repayment reserve of 9.42 trillion won to secure liquidity and prepare for withdrawal of deposits and savings.”

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