KFCC President Park Cha-hoon (Korean Federation of Community Credit Cooperatives)
Under KFCC President Park Cha-hoon’s initiative, the monetary cooperative has been exchanging messages with cooperatives all over the world by way of Facebook and Twitter to encourage one another to remain sturdy in the course of the pandemic. A complete of 21 international cooperatives in China, Japan and India have participated within the motion to this point, officers stated.
In October the KFCC additionally hosted a digital change program with its Thai counterpart, the Federation of Savings and Credit Cooperatives of Thailand, to strengthen the partnership between the 2 establishments and share concepts on enterprise administration. The videoconferencing session facilitated real-time interplay between staff in South Korea and Thailand.
As a part of its global outreach initiative, the KFCC can also be supporting individuals in growing nations affected by the pandemic, officers stated.
Employees at Myanmar Saemaul Geumgo — a monetary cooperative established in 2017 by the Myanmar authorities by means of the KFCC’s administration assist of its monetary programs and enterprise fashions — distributed masks and hand sanitizer to native communities, whereas these at Uganda Saemaul Geumgo delivered meals provides to native residents, they defined. Saemaul Geumgo, or the Korean Village Bank, is a group based mostly monetary institition supervised by the KFCC.
“The KFCC has been striving to narrow ‘distance of hearts,’ by exchanging a meaningful message and to strengthen ties for the post-COVID-19 era,” a KFCC official stated.
The KFCC is a member of the European Association of Co-operative Banks — the world’s largest cooperative banking cluster, selling the frequent pursuits of its 27 member establishments and of cooperative banks.
By Choi Jae-hee (email@example.com)