At a meeting with bank presidents invited by the Chairman of the National Assembly's Political Affairs Committee held on the 28th at the Bankers' Hall in Myeongdong, Seoul, (from the bottom row, left to right) Lee Jeong-hwan, President of the Korea Housing Finance Corporation; Yoon Jong-won, President of Industrial Bank of Korea; Yoon Dae-hee, Chairman of the Korea Credit Guarantee Fund; Kim Tae-young, Chairman of the Korea Federation of Banks; Yoon Kwan-seok, Chairman of the National Assembly's Political Affairs Committee; Park Jong-bok, President of SC First Bank; Ji Seong-gyu, President of Hana Bank; Heo In, President of Kookmin Bank; (middle row, left to right) Choi Jae-young, Director of the International Financial Center; Song Jong-wook, President of Gwangju Bank; Yoon Ho-young, CEO of Kakao Bank; Lee Dong-bin, President of Suhyup Bank; Kwon Kwang-seok, President of Woori Bank; Son Byung-hwan, President of NongHyup Bank; Jin Ok-dong, President of Shinhan Bank; Kim Hak-soo, President of the Korea Financial Telecommunications & Clearings Institute; Lee Ho-hyung, Executive Director of the Korea Federation of Banks; (top row, left to right) Lim Seong-hoon, President of Daegu Bank; Shin Hyun-joon, President of the Credit Information Center; Son Sang-ho, President of the Korea Institute of Finance; Hwang Yoon-chul, President of Kyongnam Bank; Lee Moon-hwan, President of K Bank; Lim Yong-taek, President of Jeonbuk Bank; Moon Jae-woo, President of the Korea Institute of Finance Education, are taking a commemorative photo. Photo by Korea Federation of Banks
[Asia Economy Reporter Kim Min-young] Market bank presidents and Yoon Kwan-seok, chairman of the National Assembly's Political Affairs Committee, had their first meeting on the 28th.
According to the Korea Federation of Banks, Kim Tae-young, chairman of the Federation of Banks, 17 member bank presidents, and heads of 5 related organizations had a cordial meeting with Chairman Yoon from 6:30 PM at the Bankers Hall in Myeong-dong, Seoul.
At the meeting, Chairman Yoon expressed his gratitude for the banks' active support of small and medium-sized enterprises (SMEs) and small business owners struggling due to the novel coronavirus disease (COVID-19).
He also urged them to prepare new competitiveness for the post-COVID era, which requires innovation-driven growth, fair economy, and financial innovation, and to actively participate in the 'Korean New Deal.'
Kim Tae-young, chairman of the Federation of Banks, said, "We have provided financial support totaling 187 trillion won over the past eight months, including 95 trillion won in new loans and 91 trillion won in maturity extensions for SMEs and small business owners." He added, "To prevent and contain COVID-19, the banking sector also provided 674 training center rooms as residential treatment facilities."
Before the meeting, Chairman Kim held a wage and collective agreement signing ceremony with the National Financial Industry Labor Union.
The union agreed to receive 50% of the wage increase portion in local currency and Onnuri gift certificates to protect small business owners and revitalize domestic consumption, and to use the remaining 50% for improving working conditions of service and dispatched workers and donating to the Workers' Welfare Promotion Fund.
The management agreed to contribute 30 billion won to the Workers' Welfare Promotion Fund and the Rural and Fishing Village Win-Win Cooperation Fund.
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