National Credit Union Federation of Korea to Change Executive Selection Process

Open Recruitment for Standing Directors and Supervisory Committee Members
Transition to a Management System Centered on Expertise

The National Credit Union Federation of Korea is accelerating efforts to enhance management transparency and strengthen internal controls by launching an open recruitment process for key executive positions.

The National Credit Union Federation of Korea announced that it will conduct an open recruitment for standing directors and members of the Credit Union Supervisory Committee over two days, from January 22 to 23.

National Credit Union Federation of Korea

The positions to be filled include three standing directors-Executive Director, Supervisory Director, and Credit and Insurance Representative Director-as well as one member of the Credit Union Supervisory Committee. This personnel move is seen as a strategic decision aimed at simultaneously strengthening management stability and supervisory functions within the federation.

The term for the newly appointed standing directors will be four years, from March 15, 2026, to March 14, 2030. The member of the Credit Union Supervisory Committee will be elected through a by-election and will serve from the time of appointment until March 14, 2028. The federation has stated that competence and expertise will be the core criteria throughout the executive selection process.

The eligibility requirements are clearly defined. Standing directors must possess extensive professional knowledge and hands-on experience in their respective fields and meet the qualifications stipulated by the Enforcement Decree of the Credit Union Act. Similarly, candidates for the Credit Union Supervisory Committee must have expertise and insight in finance, accounting, and supervisory work, and only those who meet the legal qualifications may apply.

The selection process will proceed with document submission, followed by a document review and interviews, with the final selection to be made at the delegates’ meeting scheduled for February 26, 2026. Detailed information regarding the open recruitment, including the schedule and required documents, will be provided on the official website of the National Credit Union Federation of Korea.

Within and outside the financial sector, this open recruitment is viewed not merely as a routine executive appointment, but as a turning point for the federation to institutionalize a professional management system and a culture of responsible management.

In particular, the decision to openly recruit for the Credit Union Supervisory Committee, which is responsible for supervisory functions, is considered highly significant in terms of restoring trust in internal controls and enhancing external transparency.

An industry official commented, "This personnel move marks the starting point for structural changes to address the evolving financial environment and social demands facing the National Credit Union Federation of Korea," adding, "The selection process and the subsequent performance of these roles will be a crucial test for restoring trust in the federation."