Increasing Staff Trust... Gyogigwon Gongjehoe Establishes Internal Control Committee

The Korea Teachers' Credit Union announced that it has established an Internal Control Committee and held its first meeting on the 13th at its headquarters in Yeouido, Seoul.

The Korea Teachers' Credit Union held the 1st Internal Control Committee meeting on the 13th at its headquarters in Yeouido, Seoul. Photo by Korea Teachers' Credit Union

At the meeting, Chairman Jeong Gap-yoon, the chairman of the Credit Union, along with directors and heads of related departments, attended to review the internal control operation plan for this year as the main agenda and discussed specific plans and implementation measures. A special lecture on the topic of "Establishing Public Sector Internal Control Systems and the Role of Managers" was also conducted for the attending committee members.

Through the operation plan, the Credit Union announced its strategy goals as ▲establishing an internal control organizational culture ▲establishing an autonomous internal control inspection system ▲sharing and spreading the internal control system, and plans to promote detailed tasks by sector to advance the internal control system.

So far, the Credit Union has built a mid- to long-term strategic system and governance system in the internal control sector through research services for establishing internal control systems and strategy formulation, and has implemented detailed operation plans. Recognizing these achievements, it received the Best Compliance Monitoring Institution Award at last year's Korea Auditors Conference and was highly evaluated for raising awareness of compliance monitoring within the organization and for establishing and practicing internal control systems.

Chairman Jeong emphasized, "We established the Internal Control Committee to further strengthen the transparency and soundness of the Credit Union," adding, "We will strive to become a more trusted institution by teachers and staff by actively responding to the changing management environment through a strengthened internal control system."

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