The Korean Central Credit Union is working to enhance its international role through strengthened cooperation with the World Council of Credit Unions (WOCCU).
On June 16, the Korean Central Credit Union announced that Chairman Ko Young-cheol met with WOCCU Secretary General Paul Treinen on June 15 at the union's Seoul office to discuss the development of the international credit union movement and ways to expand the role of Korean credit unions.
WOCCU is an international organization representing credit unions and financial cooperatives worldwide, supporting cooperation among member countries, financial inclusion, and institutional improvements.
Chairman Ko is set to serve as a WOCCU board member from 2026 to 2028. Following the WOCCU annual conference in Sydney, Australia, in July, he will participate in one of the committees: Audit & Risk Management, Governance & Elections, or Refugees, Reconstruction & Relief.
This meeting was held ahead of Ko's formal activities as a WOCCU board member. He previously attended a WOCCU board meeting virtually in April in Kenya, where he made initial introductions with board members from various countries.
During the meeting, both sides shared insights on Ko's future committee activities, the Sydney annual conference, and key issues facing the board. They also exchanged views on expanding international cooperation for Korean credit unions, developing credit unions in Asia, supporting credit unions in developing countries, and addressing major challenges in global cooperative finance. The discussion lasted approximately two hours.
Ko stated, "Korean credit unions have grown based on cooperative values centered on member-focused finance and community coexistence. I will strive to share the experiences of Korean credit unions with the international community and contribute to the advancement of the global credit union movement through my activities on the WOCCU board."
* This article has been translated by AI.
Copyright ⓒ Aju Press All rights reserved.