Hana Financial Group chairman Kim Seung-yu has been reappointed to head the government-backed nationwide microfinance program for another three years, the financial holding company said Tuesday.
“Chairman Kim decided to take the leadership for the microcredit institution for another three years upon a request from the government,” a Hana Financial official was quoted as saying.
President Lee Myung-bak in 2010 installed his college classmate Kim as the head of Miso Foundation which runs about more than 100 microcredit outlets across the country to make loans for the poor. Kim is scheduled to keep his position until February 2015.
The institution made 340 billion won of loans since March 2010 for those denied bank loans because of poor credit records.
By Cynthia J. Kim
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Kim Seung-yu |
