Kamco-Seomin Financial Support Center, Business Agreement to Support Financially Vulnerable Groups' Recovery
[Asia Economy Reporter Eunju Lee] KAMCO and the Korea Inclusive Finance Agency announced on November 23 that they signed a 'Business Agreement to Strengthen Support for the Financially Vulnerable's Recovery' at the headquarters of the Korea Inclusive Finance Agency.
This business agreement was prepared to strengthen support for the recovery of the financially vulnerable, including debtors with overdue claims held by KAMCO and the National Happiness Fund.
Through the agreement, both organizations plan to actively cooperate in expanding financial resources for inclusive finance support for the financially vulnerable, providing employment support, financial education, self-employment consulting, supporting legal service costs such as personal rehabilitation counseling, and efficient settlement of written-off claims.
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Kwon Nam-joo, President of KAMCO, said, “This agreement is meaningful in that specialized institutions supporting the financially vulnerable have joined forces to help debtors in difficulty,” adding, “KAMCO will devote all efforts to the recovery of debtors going through difficult times due to excessive debt by expanding cooperation with various institutions.”
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