Tother with the United Nations Economic and Social Commission for Asia and the Pacific
The Korean Federation of Community Credit Cooperatives (KFCC) and the United Nations Economic and Social Commission for Asia and the Pacific (UN ESCAP) co-organized “the Regional Workshop on Digital Inclusion and Community Development” at the United Nations Conference Center, Bangkok, Thailand on Sept. 18-19, 2023.
According to KFCC sources, this workshop is aimed to address the digital divide and development gaps at the community level as an instrument to support the achievement of SDGs and the continued cooperation for the Asia-Pacific Information Superhighway (AP-IS). A total of 60 participants from 16 countries in the Asia-Pacific region participated in this event to share best practices on the expansion of digital financial inclusion model.
The KFCC, based on the successful conclusion of this workshop, plans to further develop and execute various projects on digital and financial inclusion at the community level by establishing strategic partnership and strengthening cooperative relations with international organizations including UN ESCAP.
During the workshop, Director Woojong Sim of the International Development Cooperation Team at KFCC, presented the successful domestic and international cases of Saemaul Geumgo financial inclusion model. He stated, “With the workshop as a starting point, KFCC plans to share this South Korea’s representative and unique financial inclusion model with the entire world through diverse cooperation with UN ESCAP.”
KFCC, based on the success of Saemaul Geumgo financial inclusion activities in South Korea, has already disseminated such savings model in many developing countries including Myanmar, Uganda, and Laos. This particular financial model has been recognized as the best practice in South Korea, which brought KFCC the honor to receive the presidential award on the International Development Day in 2021.