KAMCO Shares Experience in Non-Performing Loan Management with Morocco
The Korea Asset Management Corporation (KAMCO) announced on the 16th that, together with the European Bank for Reconstruction and Development (EBRD), it is conducting a training program for a Moroccan government delegation under the theme "Management of Non-Performing Loans in Korea and Strengthening Financial Stability in Morocco."
On the 15th, during the training session titled 'Management of Non-Performing Loans in Korea and Strengthening Financial Stability in Morocco' held at the Korea Asset Management Corporation (KAMCO) Seoul office for the Moroccan government delegation, officials including Ilham Zainane, Deputy Director of the Bank Supervision Department at the Bank Al-Maghrib (sixth from the left in the photo), posed for a commemorative photo. Provided by KAMCO.
View original imageThis training was arranged at the request of Morocco, which is currently working to improve laws and systems related to activating its non-performing loan (NPL) market. KAMCO plans to share its expertise, focusing on case studies of overcoming national crises such as the foreign exchange crisis, techniques for acquiring and resolving NPLs, the changing functions and roles of public asset management companies (AMCs), and successful examples of corporate restructuring.
In particular, KAMCO aims to provide comprehensive support for the overall structure of Korea's NPL management system, encompassing the development of policy direction, judicial systems, financial supervision, and measures to invigorate the private NPL market.
Hot Picks Today
"They Really Might Take No.1"... Nongshim Narrows Gap with Japan from 9.2% to 1.9% in a Year, Closing In on Market Leader
- Jensen Huang Reacts to Douzhi; HYROX Female Champion Faces Ordeal Mid-Race: Was a 'Chinese Drink' to Blame?
- Japanese "Short Sleeper" Who Claimed to Be Fine on 30 Minutes of Sleep a Day Caught Napping During Live Broadcast
- "Please Take Off Your Shoes"—From Crawling onto the Bed to Changing Habits, Young Americans Lead the Shift
- "The Clothes My Dad Used to Wear"... Ralph Lauren, Beanpole, and Hazzys See Sales Surge as MZ Generation Embraces the Trend
Han Deokgyu, Executive Director of Corporate Support at KAMCO, stated, "I hope that the management experience Korea has accumulated through the process of overcoming multiple economic crises will make a tangible contribution to strengthening Morocco's financial stability. Moving forward, we will continue to expand cooperation with the EBRD and share KAMCO's experience and expertise with countries in need of such knowledge."
© The Asia Business Daily. All rights reserved. Unauthorized AI training and use prohibited.
