Kim Yoon-sik Re-elected as the 33rd President of the National Credit Union Federation of Korea... First Successful Consecutive Term
[Asia Economy Reporter Song Seung-seop] Kim Yoon-sik, the current chairman of the National Credit Union Federation of Korea (NACUFOK), has succeeded in his re-election. This is the first case in the history of NACUFOK where a candidate was elected unopposed without a primary election.
On the 22nd, NACUFOK announced that Kim Yoon-sik was re-elected as the 33rd chairman. He won 725 votes out of 729 total votes, excluding 4 invalid votes. His term will last for four years starting from March.
The election was held on the 22nd at the NACUFOK Central Training Institute located in Yuseong-gu, Daejeon. This election was the first direct election conducted by NACUFOK. Previously, the chairman was elected through an indirect election by about 200 delegates. From this year, the method was changed to be elected by regional chairpersons.
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Chairman Kim stated, “As a financial cooperative, NACUFOK will strive to provide practical financial services that empower ordinary people, led by the 7 Major Inclusive Finance Projects,” and emphasized, “We will actively support agricultural and small-sized cooperatives, where economic crises have begun due to aging and population decline, and promote projects as a community-based financial institution.”
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