[Korea financial newspaper sinyuncheol News] Technology Guarantee Fund (Chairman gimgyuok), agriculture, forestry and fisheries guarantee fund for his (Chairman Huh equation), Credit Guarantee Fund (Chairman Huang Rock), Credit Recovery Committee (Chairman Kim Yunyoung), Deposit Insurance Corporation (President Gwak Beomguk ), the Korea asset management Corporation (President munchangyong), the Korea housing Finance Corporation (President gimjaecheon), including seven institutions have 21 days Korea asset management Corporation of a like gimyongbeom Finance Committee secretary general and each institution bugigwanjang participate in the Seoul area headquarters' finance public an agreement "for the institution to improve bad debt management system was signed.
This business ceremony is to implement a "financial public sector non-performing loans management system improvement, it announced the financial public sector 6 March Finance Committee last through building collaboration system between without interruption to strengthen the debtors recover Support and bad debt management efficiency It was prepared for.
Forward Each institution building △ debt restructuring and collection recovery system debtors recover Support strengthening △ less amortization and Korea Asset Management of recovery without silik bad debts Corporation sold △ finance public institutions integrate non-performing loans statistical system through improvements in accordance with the agreements and △ key operational cooperation to recover and warranty support credit recovery Committee re-establishment support and had to run to provide a detailed business plan implementation.
In addition, the Task Force decided to check the performance of each agency on a regular basis, such as to hold a meeting twice a year by constructing a 'non-performing loans advanced management council.
Through this business agreement, the debtor, they were able to get a reliable credit repair assistance in rapid debt restructuring or long term, depending on ability to pay, the case of "financial public sector" raise the debt recovery by encouraging borrowers repay motivation and regular amortization and through the sale of bonds to ease the burden of long-term retention it is also expected to improve bad debt management efficiency.
In particular, it is expected to contribute to activating 'national economic dimension' economy through support from debtors recovered, bad debt long term and to minimize the social costs associated with redundant management financial burden.
The day the Convention entered into after the respective institutions coming debt restructuring by the end of June and collections recovered and amend the bylaws related to depreciation and the end of September, reserves being sold amortization bonds at a time or stepwise Korea Asset Management Corporation to (guarantee for agriculture, forestry and fisheries own funds It is planning to do) excluded from consideration of the sale of bonds characteristics.
Gimyongbeom Finance Committee secretary general will "knock would like us to play a leading role to mark the scheme bench also finance public agencies time to an exemplary operating the provided bad debt consolidation management schemes in the future and other public institutions." In this day ceremony he said.
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