Kim In, the president of the Saemaul Geumgo Central Association, stated that he aims to enhance the soundness of the Saemaul Geumgo this year while growing alongside the local community.
During his New Year’s address on the 2nd, Kim noted, "It is no exaggeration to say that soundness management is a common task for all financial institutions, as soundness serves as a focal point for customer trust and sustainable growth." He emphasized, "We will promote the establishment of an asset management company to resolve non-performing loans and will focus on enhancing post-loan management, internal control systems, and advancing a risk management system that proactively responds to crises, dedicating ourselves to soundness management."
Kim continued, "We will increase sound loans through inclusive finance for local residents, such as policy fund loans and special guarantee loans for low-credit individuals." He stated that they plan to expand support for small and rural geumgos to close the gap among geumgos while enhancing the market competitiveness of deposit, loan, card, and insurance products.
Additionally, Kim stated, "This year marks the first time that simultaneous elections for the chairpersons of national Saemaul Geumgos are scheduled, and we will ensure they are completed without issue," and added, "We will reassess the identity of the geumgo and establish business strategies and promotional plans centered around it." He also conveyed that "This year, the Saemaul Geumgo will further strengthen its foundation and build a sustainable growth base, becoming a true partner for members and the local community."