company

Korean Federation of Community Credit Cooperatives

Central body of South Korea's community credit cooperatives, known domestically as Saemaul Geumgo and branded MG, running group-wide deposit, lending and mutual insurance operations for member cooperatives.

Known aliases

KFCC
MG Community Credit Cooperatives
Saemaul Geumgo

Relationships

No evidence-backed relationships are recorded.

Current clusters

invest1 publisher

Rising required capital drove nine of the ten points off MG's insurance solvency ratio

The mutual insurance arm of the Korean Federation of Community Credit Cooperatives ended June at 173.96%, just under 24 points above the level regulators recommend. Required capital rose 5.3%, and securities are marked to a 111.1 billion won loss.

Publishers:en.sedaily.com

Reality

Evidence58
Adoption: Insufficient
Hype gap+8
Incentives65
Confidence60