Gyeongnam Nonghyup Strengthens Mutual Finance Competitiveness of Agricultural and Livestock Cooperatives

Mutual Finance Business Improvement Council and Debt Management Training, etc.

Gyeongnam Nonghyup held a practical working-level council for mutual finance system improvement and a practical training session on bond management to enhance soundness during the economic downturn over two days on the 11th and 12th, focusing on crisis response and competitiveness enhancement.

The Mutual Finance Business Improvement Practical Council received a total of 19 improvement requests aimed at improving various work systems to enhance financial-related system improvements and customer convenience, and proposed the results of in-depth meetings to the central headquarters.

Commemorative photo of the Mutual Finance Business Improvement Working Council in the first half of 2023. [Image provided by Gyeongnam Nonghyup]

To efficiently manage the rapidly increasing overdue mutual finance loans, legal experts were invited to provide Nonghyup and Livestock Cooperative employees with opportunities to enhance their practical knowledge of bond management and related legal common sense.

Kim Ju-yang, the head of the headquarters, stated, “Noting that recent instability in the global financial market is approaching a crisis situation, it is more important than anything else to seek more proactive countermeasures and improve the capabilities of executives and employees. We will do our best to prepare systematic support measures and improve customer-centered mutual finance systems and institutions that fit the times.”

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