Saemaeul Geumgo to Collaborate with European Cooperatives on Digital Finance and Green New Deal Initiatives

Hwang Guk-hyun, Director of the Saemaeul Geumgo Central Association, is participating in a video conference of the European Association of Cooperative Banks at the Saemaeul Geumgo Central Association Headquarters in Gangnam-gu, Seoul, on February 25.

[Asia Economy Reporter Song Seung-seop] The National Credit Union Federation of Korea exchanged opinions with the European Association of Co-operative Banks (EACB) on future growth engines such as digital finance and the Green New Deal.

According to the National Credit Union Federation of Korea on the 27th, the federation recently held a video conference with the EACB representing Korean financial cooperatives to discuss strategies for securing future growth engines and ways to strengthen cooperation.

The EACB is an organization established in 1970 to represent the common interests of cooperative banks and lead global cooperatives. It includes 24 member institutions in Europe, as well as Desjardins in Canada, Norinchukin Bank in Japan, and the National Credit Union Federation of Korea.

Nina Schindler, CEO of the EACB, shared the development models of Korean financial cooperatives including Saemaeul Geumgo and the characteristics of European cooperatives, proposing strategic measures to leverage the advantages of cooperatives.

In particular, they confirmed a consensus on enhancing the quality of member services through "strengthening digital finance" and expanding the "Green New Deal" projects to realize a green economy, agreeing to actively cooperate.

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