Saemaeul Geumgo Management Innovation Committee "Will Restore Public Trust" Selects 10 Key Tasks

The National Credit Union Federation of Korea (Saemaeul Geumgo Central Association) announced on the 6th that it held the 2nd Management Innovation Committee meeting and selected 10 core tasks.

According to the National Credit Union Federation of Korea, three major areas were established: governance and management innovation, strengthening soundness and credit union supervision systems, and rationalizing credit union management structures and enhancing depositor protection. The 10 core tasks were subdivided accordingly.

In detail, in the area of governance and management innovation, reforms of the governance structures of the central association and credit unions, innovation of organizational culture and management practices, and efforts for organizational and personnel efficiency and diversified self-help measures were decided.

In the area of soundness and credit union supervision systems, improving soundness and risk management systems, reorganizing the credit union supervision system, and strengthening internal controls to eradicate financial accidents were selected as core tasks.

Additionally, in the area of rationalizing credit union management structures and enhancing depositor protection, strengthening the restructuring of insolvent credit unions, establishing management rationalization systems, improving depositor protection systems, and expanding inclusive regional contribution activities were set as core tasks.

Kim Seong-ryeol, Chairman of the Management Innovation Committee, stated, "We will prepare strong innovation measures so that the management of Saemaeul Geumgo and the central association can be normalized and regain public trust."

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