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Former South Korean credit union chief Moon Cheol-sang dies at 75

Former South Korean credit union chief Moon Cheol-sang dies at 75

Moon Cheol-sang, a former head of South Korea’s Credit Union Federation, died at 75 on November 2.

He spent his career in South Korea’s credit union movement, which is made up of local member-owned financial cooperatives.

He began at Dunyul Credit Union in Gunsan, in North Jeolla Province, and later led Gunsan Daegun Credit Union.

He also held regional and national roles before winning election as federation chair in 2014, after three attempts.

He was the first former local credit union employee to reach the top post.

Moon hoped to bring about a “renaissance” in the credit union movement, and devoted his career to it.

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