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What’s New
| Title | KAMCO Partners with SEACEN to Strengthen Financial Stability Cooperation in Asia | ||
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| Department | 기획조정실 | ||
| Date | 2026-09-07 | Hit | 7 |
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KAMCO (Korea Asset Management Corporation, President Jeong Hoon Jeong) announced that it signed a Memorandum of Understanding (MOU) with the SEACEN Centre in Kuala Lumpur, Malaysia, on September 7 to strengthen cooperation in financial stability. Established in 1966, SEACEN is a regional central banking cooperation organization that facilitates information sharing, exchanges of views, and research among its members. Its membership comprises central banks and monetary authorities from 19 economies, including Korea, China, Singapore, and Malaysia. The MOU builds on the partnership developed through KAMCO’s training program for the National Bank of Cambodia (NBC) in May. It aims to broaden this cooperation and establish a lasting framework for collaboration in financial stability, including non-performing loan (NPL) management. Under the MOU, the two institutions agreed to pursue cooperation in the following areas: Sharing research materials and policy information related to financial stability, jointly developing and delivering tailored training programs, including workshops and seminars, facilitating exchanges of lecturers and experts Drawing on its experience in resolving NPLs and helping Korea overcome economic crises, including the Asian financial crisis, KAMCO plans to develop practical cooperation projects tailored to the needs of member central banks and their financial sector conditions. These projects will include advisory support on NPL management and the establishment and operation of asset management companies (AMCs). As the first initiative under the MOU, KAMCO will jointly host a training program with the Bank of Korea in Busan this October for representatives of SEACEN member institutions. The two institutions will continue to gather feedback from members and expand their tailored training programs. Deok Gyu Han, Director of KAMCO’s Management Support Division, stated, “This MOU provides a meaningful platform for sharing KAMCO’s accumulated experience in NPL resolution with SEACEN member central banks. We will continue to expand practical cooperation, including training and advisory services tailored to members’ needs, to help strengthen financial stability across Asia.” |
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