Korean Federation of Community Credit Cooperatives (KFCC)

20, Bongeunsaro 114-gil
Gangnam-Gu
Seoul
06172
Corea del Sur

KFCC was established in 1973 to supervise the work of Saemaul Geumgo (community credit cooperatives), increase joint interests, and promote sound development. As a partner of Saemaul Geumgo, it establishes favorable management conditions for Saemaul Geumgo and helps them achieve continued growth.

Its main businesses include guidance and supervision of Saemaul Geumgo for its sound growth. As for its credit business, it is performing the role of a central bank by controlling Saemaul Geomgo's liquidity. It also promotes public relations and the insurance business for Saemaul Geumgo and its members, manages Depositors Protection Fund to guarantee the return of savings of Saemaul Geumgo members in emergencies, and is in charge of training the directors and staff of Saemaul Geumgo and KFCC. The goal of its international cooperation business is to foster friendships and strengthen cooperation with international cooperative societies. Furthermore, it implments international development projects in developing nations to share sucess story of Saemaul Geumgo, putting high emphasis on "mutual help" and "savings" for development.