In a New Year's address, Chung Jeong-hun, president of Korea Asset Management Corporation (KAMCO), said, "We will contribute to stabilizing people's lives through inclusive finance," and "We will actively respond to the government's policy stance by invigorating national industry through productive finance."
Chung said, "Last year, KAMCO supported livelihood recovery in a challenging environment marked by an expanded debt burden among financially vulnerable groups and rising demand for corporate restructuring, by launching the New Leap Fund and expanding the New Start Fund system," adding, "We faithfully fulfilled our role as the government's policy partner by strengthening the foundation for aiding crisis-hit corporations, including creating the sixth Corporate Restructuring Innovation Fund and expanding purchases of corporate rehabilitation claims."
He added, "Alongside strengthening our financial and organizational base through large-scale capital increases and staffing, we pursued the 'KAMCO-style AX,' encompassing digital transformation and the use of AI, to lay the groundwork for future growth."
That day, Chung emphasized the importance of inclusive finance and productive finance and presented four key tasks to achieve them. Chung said, "First, we will strengthen the role of inclusive finance to ease long-term arrears and excessive liability issues, and we will advance the New Leap Fund, the New Start Fund, and debt adjustment systems," adding, "To prevent the exit of small and midsize businesses, we will expand purchases of corporate rehabilitation claims and actively support debt adjustment and DIP financing."
He continued, "To expand the base of productive finance, we will strengthen collaboration with the capital market and the introduction of advanced financial techniques," stressing, "We will ensure that support programs that work with the market—such as the Corporate Restructuring Innovation Fund, the Corporate Support Fund, asset securitization purchase programs, and ship funds—take root as policy infrastructure."
Chung also said, "To enhance the public value of national assets, we will improve procedures for selling state-owned property and ensure fairness in price evaluations to raise transparency," adding, "We will push ahead swiftly with public development projects, including housing policy projects in the Seoul metropolitan area."
Additionally, he said, "To establish a sustainable management system, we will make AI-based work innovation, a safety- and ethics-based organizational culture, and sound financial management the central pillars of management," adding, "We will advance a data-based decision-making system, link the KAMCO-style AX to tangible results, strengthen on-site safety standards, and internalize work execution based on integrity and ethics."