"Strengthening Support for Financially Vulnerable Groups' Recovery"…KAMCO Partners with the Korea Inclusive Finance Agency

Expansion of Various Supports Including Funding Increase and Consulting Services

At the 'Business Agreement Ceremony to Strengthen Support for the Recovery of Financially Vulnerable Groups' held on the 23rd at the headquarters of the Korea Inclusive Finance Agency in Jung-gu, Seoul, Kwon Nam-ju, President of KAMCO (left), and Lee Jae-yeon, President of the Korea Inclusive Finance Agency, are taking a commemorative photo after signing the agreement. (Photo by KAMCO)

[Asia Economy Reporter Minwoo Lee] Korea Asset Management Corporation (KAMCO) and the Korea Inclusive Finance Agency (KIFA) are joining forces to support the recovery of financially vulnerable groups.

KAMCO announced on the 23rd that it signed a business agreement with KIFA at KIFA's headquarters in Jung-gu, Seoul.

Accordingly, the two organizations will actively cooperate in ▲ expanding financial resources to support inclusive finance ▲ providing employment support, financial education, and self-employment consulting ▲ supporting legal service costs such as personal rehabilitation counseling ▲ and efficient management of written-off claims for financially vulnerable groups.

Kwon Nam-joo, President of KAMCO, said, "This agreement is meaningful as specialized institutions supporting financially vulnerable groups have come together to help debtors in difficulty," adding, "KAMCO will devote all efforts to helping debtors overcome difficult times caused by excessive debt by expanding cooperation with various institutions."

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