KAMCO Concentrates Capabilities to Support Small, Self-Employed Businessmen, Buffeted by Pandemic
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KAMCO Concentrates Capabilities to Support Small, Self-Employed Businessmen, Buffeted by Pandemic
President Kwon says ‘KAMCO has to demonstrate its strength to act as firefighter to overcome crisis’

25(Mon), Apr, 2022

President Kwon Nam-ju of Korea Asset Management Corp. (KAMCO) delivers his commemorative speech at a ceremony to celebrate the 60th anniversary of its founding in which he pledged KAMCO’s full support for small businesses and self-employed entrepreneurs, buffeted by the pandemic at Busan International Finance Center on April 6. (Photo: KAMCO) 

Korea Asset Management Corp. (KAMCO) held a ceremony to celebrate the 60th anniversary of its founding at Busan International Finance Center on April 6 and pledged its full support for small businesses and self-employed entrepreneurs. 

In his commemorative speech, KAMCO President Kwon Nam-ju said, “KAMCO, founded in 1962, has served like a firefighter to overcome a crisis whenever the national economy has hardships, and now KAMCO has to demonstrate its strength once again.” 

President Kwon said, “Particularly, KAMCO will have to lead policy support to overcome a crisis, caused by the COVID-19 pandemic, one of the national pending issues. 

KAMCO will have to concentrate all of the experiences and capabilities the corporation has accumulated to help small businesses and self-employed entrepreneurs make a fresh start and restore the dynamics of people’s livelihoods,” he said. 

President Kwon said KAMCO aims to grow into an entity of sustainable growth to prepare for the future by implementing business-oriented digital transformation and ESG management in a systematic fashion to make a leap forward as a 100-year-old KAMCO. 

Kwon urged KAMCO executives and staffers to make the corporation an entity of integrity by setting stringent guidelines for oneself, saying that KAMCO’s gaining trust from people and recognition from the government is essential to become a 100-year-old KAMCO. 

Former KAMCO presidents, including Chung Jae-ryong, Lee Chul-hwi, Hong Young-man and Moon Chang-yong, participated in the anniversary event and extended congratulations. 

Chairman Yoon Jae-ok of the National Assembly National Policy Committee and Chairman Koh Seung-beom of the Financial Services Commission delivered video messages. 

In his commemorative speech, ex-KAMCO president Chung Jae-ryong said KAMCO has expertise to support households and companies’ successful comeback through efficient disposal of bad debts. 

KAMCO will have to provide support so that economic units can make a soft landing through rescheduling of debts owed by small businesses suffering from hardships, caused by the pandemic. 

On the 60th anniversary, KAMCO held an event in which coffee and meals were offered to boost neighborhood small business owners for three days from April 6 and has operated “Hope-Sharing KAMCO Bus,” a campaign to donate funds to small businesses during April. 

KAMCO also opened a website marking the 60th anniversary and the “metaverse publicity hall,” published a book on the 60 years of KAMCO, and inaugurated a team of ESG youth supporters.

KAMCO President Kwon said, “Today is a significant day to build a strong cornerstone for a 100-year-old KAMCO beyond the 60th anniversary of its founding.” 

Kwon said KAMCO will solidify its role as a policy partner of the government by spearheading policy support to restore the vigor of the national economy, such as the overcoming of hardships, caused by the pandemic.

KAMCO took time with underprivileged neighbors by delivering 150 million won to Child Fund Korea, which is designed to ease the culture and art divide of neighborhood underprivileged people at the anniversary ceremony. 

KAMCO, KOCCA Strike MOU on Nurturing of Content Industry Using National Assets

Korea Asset Management Corp. (KAMCO) signed an MOU on the nurturing of the content industry with Korea Creative Content Agency (KOCCA) on April 8. 

The deal was designed to nurture the Korean content industry using infrastructure of the two institutions. KAMCO President Kwon Nam-ju and KOCCA President Cho Hyun-rae participated in a signing ceremony. 

In accordance with the deal, in the case KOCCA needs each region’s space to nurture the content industry, KAMCO will offer full support to the use of state-owned assets, commissioned and developed by KAMCO. 

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