Shinhyup Successfully Hosts the 'Asia Shinhyup Leadership Program'

[Asia Economy Reporter Kwangho Lee] The National Credit Union Federation of Korea (NACUFOK) announced on the 15th that it successfully held the 5th Asia Credit Union Leadership Program (ACL).

Since 2017, the ACL has been held annually with the goal of developing the Asian credit union movement and establishing a successful operational system. Centered on Korean credit unions, it serves as a platform to practice the three core principles of the credit union movement?self-help, self-reliance, and cooperation?through collaboration among international cooperatives, as well as to share work and opinions.

This year, due to the ongoing impact of COVID-19, the program was held via online video conferences over five days: from the 6th to 8th and the 13th to 14th, following the same non-face-to-face format as last year. Eighteen credit union officials from a more diverse range of countries than last year?including Nepal, Taiwan, Laos, Mongolia, Bangladesh, Sri Lanka, Indonesia, Papua New Guinea, the Philippines, and Thailand?were invited. Lectures and discussions covered various fields such as the history and development process of Korean credit unions, challenges, inspection and supervision, depositor protection systems, and IT systems. Moving away from one-sided lectures, the program pursued interactive communication to produce productive outcomes.

In particular, participants virtually visited Busan City Central Credit Union, selected as an exemplary credit union case, explored excellent marketing cases, and shared strategies for achieving sustainable development goals that grow together with members, eliciting active questions and interest comparable to in-person visits.

Kim Yoon-sik, Chairman of NACUFOK, stated, "Through this ACL program, Korean credit unions are faithfully fulfilling their role in the international community by continuing educational activities despite difficult circumstances," and added, "Korean credit unions will continue to do their best for the recovery and development of Asian credit unions."

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