Shinhyup Subsidiary KCU NPL Loan, CEO Inauguration and Farewell Ceremony Held

New CEO Kim Sang-beom: "Focusing on Non-Performing Loan Management and Reducing Delinquency Rates"
KCU NPL Daebu's Investment Scale to Expand to 200 Billion KRW

▲ The National Credit Union Federation of Korea announced on the 13th that it held the inauguration and retirement ceremony of the CEO of its subsidiary KCU NPL Loan.
[Photo by National Credit Union Federation of Korea]

KCU NPL Daebu, a subsidiary of the National Credit Union Federation of Korea (NACUFOK), announced on the 14th that it held a CEO inauguration and retirement ceremony.

The event, held the previous day, was attended by executives and employees from NACUFOK and its subsidiaries, with newly appointed CEO Kim Sang-beom and former CEO Jo Yong-rok both present. Kim Sang-beom is expected to lead the growth and development of KCU NPL Daebu based on his extensive experience accumulated at NACUFOK.

In his retirement speech, former CEO Jo Yong-rok expressed gratitude to the executives and employees who dedicated themselves to the rapid growth of KCU NPL Daebu since its launch last year. He said, "I am especially proud that we contributed to enhancing internal and external trust by managing NACUFOK’s non-performing loans and reducing delinquency rates." He added, "I am confident that Kim Sang-beom is the right person to further advance KCU NPL Daebu and will provide greater value to credit unions nationwide."

In his inauguration speech, newly appointed CEO Kim Sang-beom stated, "We will operate in a way that maximally supports member credit unions within feasible limits." He expressed his ambition by saying, "We will strive to enable member credit unions to take a more proactive approach to selling non-performing loans by proposing multifaceted methodologies that not only reduce delinquency rates but also improve the management environment of the unions, facilitate smooth business operations, and systematize profit and loss management."

Yoon Sung-geun, Planning Director of NACUFOK, said, "We thank former CEO Jo Yong-rok and the executives and employees who made significant contributions to managing delinquency rates from the first year of establishment." He added, "To further strengthen delinquency rate management of the unions, we will continuously support by expanding KCU NPL Daebu’s capital investment from the current 100 billion KRW to 200 billion KRW."

KCU NPL Daebu will continue to play a key role in lowering delinquency rates and strengthening financial soundness for NACUFOK.

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