Korea Federation of Community Credit Cooperatives Chairman Kim In (3-R) applauds with Interior and Safety Minister Yun Ho-jung (4-R) during an international symposium on social finance in Seoul on Tuesday. Also attending the event were European Association of Cooperative Banks CEO Nina Schindler (2-L) and Global Alliance for Banking on Values Executive Director Martin Rohner (L). Photo by Korea Federation of Community Credit Cooperatives.
SEOUL, March 25 (UPI) — The Korea Federation of Community Credit Cooperatives said it hosted a global symposium in Seoul on social and solidarity finance.
The group noted that the Tuesday gathering was intended to explore how community economies can be established at the grassroots level to deliver tangible results.
The Seoul-based apex organization said that the event unfolded in two sessions.
The first showcased global case studies, with leading institutions presenting examples of how values-based banking and cooperative finance have contributed to regional development.
The second session focused on domestic policy and strategy, working on legislative frameworks and governance structures.
The group said the symposium attracted hundreds of participants, including prominent policymakers and social economy experts from the United States and Europe.
Among them were European Association of Cooperative Banks CEO Nina Schindler and Global Alliance for Banking on Values Executive Director Martin Rohner.
In a welcoming speech, Chairman Kim In said he hoped the event would serve as a catalyst for revitalizing struggling local communities.
“We will do our utmost to help build a society in which people prosper together alongside local residents,” he said.
Interior and Safety Minister Yun Ho-jung said social finance should serve as a core infrastructure of the social economy.