The 2023 KFCC&FCST Leadership Exchange Program during October 12-19, 2023 in Republic of Korea for 20 delegates from FSCT and its member. The 8 days program provided the cultural immersion and experiences in Seoul, Gwachoen, Gyeonggiand Jeju. Besides, the cooperative study visit was held at the IT Center of Korean Federation of Community Credit Cooperatives (KFCC), Korea Racing AuthorityCC and Donghong CC.
The KFCC was created to support and supervise the management of MG’s business operations and to promote transparent practices. In doing so, the KFCC hopes to facilitate the sound development of MG. As the central bank of MG, the KFCC pursues common interests with MG nationwide through democratic and rational decision-making. It is the KFCC’s role to establish and implement a development strategy plan for sustainable growth. The KFCC, which consists of the headquarters and 13 regional headquarters across the country, creates a community of hope and happiness through financial networks based on responsible management, open management practices, specialization of human resources, and performance-oriented innovation.
Mission
Provide supervision and guidance for CC, promote common interests and sound growth, and contribute to the happiness of the people and national and social development.
Vision
Become a cooperatives group that leads shared growth through value-based management.
Core Values
1. Customer satisfaction
2. Trust-based management
3. Planning for the future
4. Mutual Cooperation
Financial Highlights as of December 31, 2022 (Unit: KRW 1 million)
Business Size
2022
2021
Cash and Due from Banks
9,932,565
4,636,986
Marketable Securities
46,595,104
42,407,211
Loans
27,792,454
25,923,742
Equity Capital
2,360,714
2,012,268
Total Income
5,968,806
5,129,121
Total Assets
86,751,423
74,615,732
Finally, we would take this opportunity to express our deep appreciation for KFCC’s sincerely welcome and warm hospitality extended to us. Besides, FSCT is ready to welcome KFCC’s delegates to visit FSCT and SACCOs in Thailand on November 16-23, 2023. We will do our best to satisfy them.
