The Sh Cooperative Bank has received approval and confirmation of the internal rating law.

Sh Cooperative Bank (President Shin Hakgi) received approval from the Financial Supervisory Service on January 29 for the internal credit risk rating method. The internal credit risk rating method allows banks to evaluate credit risk themselves, and can only be introduced if it meets the strict requirements of the regulatory authorities. This approval is significant as it externally recognizes the improvement in risk management at the Cooperative Bank. Prior to this approval of the internal credit risk rating method, the Cooperative Bank had implemented a rigorous risk management system across all areas of the bank, including evaluation models, data, infrastructure, organization, personnel, and risk management culture, over the past four years. With the introduction of the internal credit risk rating method, the Cooperative Bank's BIS ratio is expected to improve by more than 3 percentage points, thereby achieving capital adequacy comparable to that of large commercial banks. The ...