• Chairman of National Credit Union Federation
    Kim Youn-sik

    A Crisis-Resolving Leader: From Calligrapher to Financier [2024]

    Last Updated on Jun 21, 2024

Life Summary

Kim Yoon-sik is the Chairman of the National Credit Union Federation of Korea.

He is working to bring the performance of credit unions back on track amidst the prolonged high interest rates and high inflation.

He also serves as the Chairman of the Asian Confederation of Credit Unions, a director of the World Council of Credit Unions, a director of the International Raiffeisen Union, CEO of the Muminjae Corporation, and CEO of the Hotel Ariana.

In 2023, the credit union successfully terminated an agreement with the government to improve management performance, which was a condition for receiving public funds of KRW 260 billion (US$ 189 million).

He was born in Daegu in 1956.

He graduated from Daeryun High School in Daegu and studied physical therapy at Shingu University in Seongnam, Gyeonggi Province.

He has held various positions including Chairman of the World Council of Credit Unions' COVID-19 Response Committee, Chairman of the Daily Top Leaders Academy Alumni Association, CEO of the Muminjae Calligraphy Museum, CEO of Hyosung Cheonggwa, Vice Chairman of the Serim Credit Union, Chairman of the Daegu Credit Union Regional Council, Director of the National Credit Union Federation of Korea, CEO of Ariana Hotel, and Vice Chairman of the Democratic Party of Korea's Policy Committee.

Transitioning from a calligrapher to a businessman and then to a financier, he was appointed as the Chairman of the National Credit Union Federation of Korea.

Since becoming the Chairman of the National Credit Union Federation of Korea in 2018, he has been serving his second term since 2022.

While commercial banks are reducing branches by enhancing non-face-to-face services, he emphasizes that credit unions should increase branches to realize social value.

Known as a crisis manager, he has taken on multiple companies suffering from deteriorating performance and resolved their management difficulties.

He stresses balanced growth between large and small member unions and is pursuing the 'Eight Inclusive Finance Tasks' to seek the realization of social financial value.

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