Korea Specialty Contractors Financial Cooperative Holds "Q1 Revenue and Expense Review Meeting"

Performance Management and Risk Response

The Korea Specialty Contractors Financial Cooperative announced on May 9 that it held the "2025 Q1 Revenue and Expense Review Meeting" to assess key strategies for maximizing annual profits, which is its management goal for the year.

At the meeting, Lee Eunjae, Chairman of the Korea Specialty Contractors Financial Cooperative, stated, "The domestic construction industry continues to experience low growth due to the combination of high interest rates, high inflation, high exchange rates, and a downturn in the real estate market," adding, "In order to protect our members, we must achieve our performance targets without wavering."

The Korea Specialty Contractors Financial Cooperative monitors monthly revenues and expenses based on "Best-Base-Worst" scenarios. The cooperative reviews the achievement of all revenue and expense targets every month. In addition, it is reducing expenses by more than 15% through company-wide budget reduction guidelines.

The Korea Specialty Contractors Financial Cooperative stated, "Our main business segments?guarantees, loans, and mutual aid?continue to perform well this year," and added, "In the first quarter of this year, we maintained a similar trend to last year, continuing the upward trajectory in performance." Last year, the cooperative recorded its highest-ever net profit of 153.5 billion won.

To respond to the increase in guarantee claims, the Korea Specialty Contractors Financial Cooperative is strengthening preemptive risk management and claim reduction efforts. In the asset management sector, the cooperative announced that it will seek to expand profits through proactive portfolio adjustments.

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