Suhyup Central Association Confirms Reappointment of CEO Hong Jin-geun... Early Repayment of Public Funds Planned
[Asia Economy Reporter Gong Byung-sun] The National Federation of Fisheries Cooperatives held an extraordinary general meeting on the 14th and announced the decision to reappoint Hong Jin-geun, the current CEO, as the CEO of the Guidance Economic Business. CEO Hong will serve his second term until August 2023.
On the same day, the federation elected Woo Ye-jong, former president of Busan Port Authority, as the new auditor.
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At the general meeting, a proposal to promote early repayment of public funds was also passed. The federation plans to establish a concrete plan for early repayment and prepare detailed financing and repayment plans. The federation received 1.1581 trillion won in public funds from the government in 2001 due to financial difficulties caused by the 1997 IMF (International Monetary Fund) financial crisis. The repayment deadline is set for 2028.
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