Gyeongnam Nonghyup Holds Mutual Finance Communication Meeting in Changnyeong: 'Wise Questions, Practical Answers'

Supporting Growth of Agricultural and Livestock Cooperatives' Credit Business with Customized On-Site Communication Maps

Gyeongnam Nonghyup held a business consultation meeting on mutual finance status and development directions for seven agricultural and livestock cooperatives in Changnyeong-gun, Gyeongnam, at the Changnyeong-gun branch on the 5th.

At the meeting, mutual finance business managers from Gyeongnam Nonghyup and credit executives from Changnyeong-gun agricultural and livestock cooperatives discussed the direction of mutual finance business promotion and strategies to respond to regulatory tightening by supervisory authorities, such as loan loss provisions and liquidity ratios.

Gyeongnam Nonghyup is taking a commemorative photo for the Mutual Finance Communication Meeting titled Wise Questions and Practical Answers. [Image provided by Gyeongnam Nonghyup]

Head of Headquarters Jo Geun-su said, “In 2024, the prolonged high-interest rate trend and deepening economic recession will make delinquent loan management a key variable for sound settlement of agricultural and livestock cooperatives,” adding, “We will do our best to ensure that local agricultural and livestock cooperatives achieve sound and qualitative growth through field-centered customized guidance.”

‘Umunhyeondap’ is a slogan meaning ‘Our problems have answers in the field.’ It is the name of a communication meeting held by the Gyeongnam headquarters, touring 18 cities and counties to diagnose local conditions and issues and discuss promotion directions. The meetings will be expanded to be held at least once a month over nine months until November.

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