Concept

• CC is residents' cooperative association which inherits the community tradition such as Hangyak, Dure, and Gye, and levels up the quality of members' life contributing to the economy of community as well as the nation by credit business, insurance business, culture and welfare business, and community development based on the principle of cooperative.

Origin

• CC movement was initiated from the awakening that run-down residential environment, poverty and usurious loans must be driven away by a few pioneers, reviving the traditional spirit of helping each other. Especially getting into the 1960s, the spirit of the nation overcoming poverty by thrift and frugality gave birth to the first local CC in Gyeongsangnam-do area in 1963.