Military Mutual Aid Association, last year achieved a surplus up to 63.8 billion since the global financial crisis

[Korea goyounghun financial newspaper reporters - Military Mutual Aid Association said dwaetdago the 29th selection of the "Choi Woosu organization, in the public sector integrity rating from the largest surplus achieved and Civil Rights Commission last year after the global financial crisis in 2008.

2016 fiscal year-end closing results Military Mutual Aid Association has earned a 294.2 billion won profit in the business, welfare Members (membership and retirement benefits, etc.) to achieve a net profit of 63.8 billion won to 230.4 billion won also paid to.

In December 2016 end of, assets of the Military Mutual Aid Association has had a 360.2 billion won compared to the previous year increased 9.8431 trillion won, capital surplus was 176.2 billion won increase of 83.8 billion won, reserve requirement ratio has become even financial structure is healthy, including maintaining a 102.4% .

This means that the surplus achieved in the Military Mutual Aid Association has said that extraordinary. The economic slowdown in China, Breck sheet only has achieved the difficult business environment, even up to a surplus after the 2008 global financial crisis, but also details side by the operation of the net assets of no special interest, such as the sale of assets by achieving higher investment yield of 5.1% will be.

In the investment type, △ investment yield bonds (7.4%) △ shares (5.0%) △ is an alternative investment (4.6 percent).

This △ members-first policy during the past year △ strength monetization empowerment △ investment value enhancement through affiliated business restructuring and synergy exhibited △ investment enabled through reorganization (investment screening personnel strengthened and overseas investments) by a high managerial innovation and the result of company-wide efforts of all employees, including organizational culture development based on ethics.

President Lee Sangdon Military Mutual Aid Association is to normalize the sluggish business, including large-scale project financing (PF) project catches the ankle of the sustainable management of the Mutual Aid Association was inaugurated at the same time focus on enterprise-wide capabilities. As a result, through the office or business for sale 15 Articles 2 trillion was told that at the time of normalization billion won in 2000 was reinvested collect the seven billion won 6500 until the end of last year.

Low profitability, long-term growth potential businesses without drastically restructuring and future growth potential is big business was further investments and acquisitions. As a result, financial institutions supplier 3 (for land trusts, Korea Capital, M Plus Asset Management) and military-related businesses 3 (gongwoo EnC · M plus F & C · Military Mutual Aid Association C & C) also reorganized as the same time zone business through exhibits synergy between businesses the said diversification. In Year 2016 Civil Rights Commission Public Integrity Assessment Authority was selected as "Choi Woosu organization.

Also carried out a reorganization based on the results of the management consulting outside experts. According to the judgment were traditional CIO there is a limit to oversee the entire investment project has recruited two people finance and construction sector CIO from the outside, fast, accurate decision-making and for responsible investment 'business proposal real name, "external expert pools ( Pool) system expansion such as enhanced revenue-generating capacity.

Lee Sangdon Military Mutual Aid Association president is "not been able to achieve last year's profit think, thanks to full confidence and support of its members," said "the US interest rate hikes, difficult domestic and external economic environment, including domestic real estate downturn it a reality this year, but former Mutual Aid Association the employees must be united, "he said.



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