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MG Community Credit Cooperatives rising loan defaults prompt financial oversight

Financial authorities are set to initiate inspections of MG Community Credit Cooperatives amid an increasing risk of financial instability. This marks the first examination on MG conducted by financial regulatory authorities instead of the Ministry of the Interior and Safety, which normally supervises the credit union.

KFCC partners with Google for Fiji launch

The Korean Federation of Community Credit Cooperatives, the nation's primary mutual financial institution, also known as Saemaul Geumgo, held a capacity-building workshop ahead of opening its first branch in Fiji. Ten visitors, including government officials and villagers, from Fiji flew in for the workshop, which was held for 10 days in December at the MG Human Resources Development Institute in Cheonan, South .

Kim In wins KFCC chairman post through first direct election in history

The Korean Federation of Community Credit Cooperatives, the nation's primary mutual financial institution, said Thursday that its acting president, Kim In, has been voted as the new chairman. This is the first time that the KFCC has voted its head through a direct election system in the institution's 60-year history. Until now, 350 representatives were selected to indirectly elect the president. Beating eig.

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