Finance
Saemaul Geumgo nears first direct election for chairman as mutual finance leadership reshapes
South Korea\'s mutual finance sector is preparing to pick new leaders as asset quality worsens and internal control controversies persist. Saemaul Geumgo will hold its first full direct election for chairman on Dec. 17, with three candidates vying for the post. The race includes allegations against the incumbent and competing reform pledges. The National Credit Union Federation of Korea also faces a leadership change, with an election set for Jan. 7 amid continued losses and rising delinquencies.
