Saemaeul Geumgo Central Association Reports 466.8 Billion KRW Net Profit Last Year, Up 7% YoY

The National Credit Union Federation of Korea (Saemaeul Geumgo Joonganghoe) announced on the 9th that its net profit for the past year reached 466.8 billion KRW, marking an approximately 7% increase compared to the previous year.

The Federation explained that it maintained a minimal stock allocation of 1% to prepare for liquidity reduction and raised the proportion of alternative investments to the mid-30% range as of the end of 2022, resulting in alternative investment-related earnings growing by more than 30% year-on-year.

The private equity fund (PEF) investment return rate in corporate finance exceeded 8.4%. Profits were realized by timely sales of investments in SK IET, MagnaChip Semiconductor Foundry, LG CNS, and others.

In the real estate sector, the Federation reported significant capital gains from proactive sales strategies of major domestic and international investment assets, including the Commerzbank headquarters in Germany and Gwangmyeong Lotte Outlet.

The National Credit Union Federation of Korea stated, "We plan to expand the scale of alternative investments through securing high-quality investment assets, portfolio diversification, and long-term investments," adding, "We will also actively engage in blind fund investments while maintaining a responsible investment approach."