The Korea Association of Private Lenders said on the 20th that Chair Jeong Seong-ung joined the life-saving finance relay campaign organized by the Korea INclusive Finance Agency (KINFA).
The campaign is a relay-style public-interest effort to protect people struggling with illegal private lending and to spread the value of life-saving finance and the will to put it into practice throughout society. Chair Jeong Seong-ung joined the campaign after being nominated by Oh Hwa-kyung, head of the Korea Federation of Savings Banks.
Chair Jeong Seong-ung emphasized, "Just as children need a good playground so they do not get into accidents while playing on a main road, if a financial playground where the financially vulnerable can feel safe to turn to—namely, private lending—becomes more active, illegal private lending in the shadows will naturally disappear."
Chair Jeong Seong-ung nominated Lee Dong-cheol, head of the Credit Finance Association, and Yun Yeong-deok, head of the Credit Information Association, as the next participants and asked them to take part in the campaign.