KCU NPL Lending, a subsidiary of the National Credit Union Federation of Korea, held a CEO inauguration ceremony on August 11, announcing the appointment of Lee Jong-seong as the new CEO.
The event was attended by employees from the National Credit Union Federation and its subsidiaries, who expressed their appreciation for the efforts of former CEO Kang Hyung-min and congratulated the new CEO on his appointment.
Lee brings extensive experience in asset management, having worked at Morgan Stanley, BNP Paribas, and Umbrella Asset. KCU NPL Lending plans to enhance its capabilities in managing non-performing loans (NPLs) based on Lee's expertise.
In his inaugural speech, Lee stated, "We must not remain a company that simply purchases and recovers non-performing loans. We will support the soundness of the credit unions and restore the value of distressed assets, aiming to grow into a specialized asset management platform for credit unions."
He also outlined his vision for the company during his term, emphasizing the importance of professionalism and principles, fostering a communicative and growth-oriented organization, and preparing for the future. He aims to establish the company as a trusted entity among the National Credit Union Federation, credit unions, the market, and employees.
Recently, the legal basis for establishing an asset management company to manage overdue loans more swiftly and professionally has been established, and the National Credit Union Federation is pushing to set up the credit union asset management company by the end of this year.
* This article has been translated by AI.
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