Chungnam Credit Guarantee Names First Standing Auditor

Foundation Introduces Standing Auditor Post for First Time Appointee Brings 34 Years of Banking Experience

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By Park Hee-yoonhypark@sedaily.com
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Won Jong-chan, standing auditor of the Chungnam Credit Guarantee Foundation, speaks at his inauguration ceremony. Photo courtesy of Chungnam Credit Guarantee Foundation - Seoul Economic Daily Society News from South Korea
Won Jong-chan, standing auditor of the Chungnam Credit Guarantee Foundation, speaks at his inauguration ceremony. Photo courtesy of Chungnam Credit Guarantee Foundation

HONGSEONG — Chungnam Credit Guarantee Foundation said it held an inauguration ceremony on the 1st at its headquarters for Won Jong-chan, its first standing auditor.

Won's two-year term runs from Oct. 1, 2026, to Sept. 30, 2028.

The foundation created the standing auditor post for the first time to strengthen the expertise and independence of its audit function.

Won is a finance professional who spent 34 years at the National Agricultural Cooperative Federation and NongHyup Bank, gaining field experience in lending and deposits, corporate finance and risk management.

Won first became involved with the foundation in February 2017, while serving as head of NongHyup Bank's Chungnam regional headquarters, when he was appointed a senior non-standing director. He took part in the foundation's management until February 2019, roughly two years, giving him a broad understanding of regional finance and the foundation itself.

"Drawing on the experience I built over 34 years in the field of finance and my past service with the foundation as a non-standing director, I will help support sound management and the foundation's development," Won said.

Original reporting by Park Hee-yoon for Seoul Economic Daily.

AI-translated from Korean. Quotes from foreign sources are based on Korean-language reports and may not reflect exact original wording.

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