Wednesday, April 25, 2018
KAMCO Inks MOU on Business Partnership with World Bank
Spreading Financial Management Know-hows
KAMCO Inks MOU on Business Partnership with World Bank
  • By Cho Jin-young
  • April 17, 2018, 11:26
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Korea Asset Management Corp. (KAMCO) signed an MOU with the World Bank to help developing countries resolve non-performing loans.
Korea Asset Management Corp. (KAMCO) signed an MOU with the World Bank to help developing countries resolve non-performing loans.

Korea Asset Management Corporation (KAMCO) will transfer know-how on the acquisition and resolution of non-performing loans to developing countries in Asia and the Pacific.


On April 16, KAMCO announced that the company signed a memorandum of understanding (MOU) with the World Bank and promote the financial stability of developing countries and to strengthen their capabilities to resolve non-performing loans.

The MOU signing aimed at empowering KAMCO to spread management know-how in the Asia-Pacific region, such as the acquisition and settlement of non-performing loans and to prepare measures to strengthen an Asian economic safety net by partnering with the World Bank.

Through this MOU, the two institutions will cooperate in various sectors such as improving financial stability, enhancing crisis response capabilities, making an improvement to non-performing loan management and policies, and building financial infrastructure.