National Heritage Administration and NFCU Collaborate to Safeguard Cultural Heritage

National Heritage Administration and NFCU Join Forces to Protect Cultural Heritage

The National Heritage Administration and the National Federation of Credit Cooperatives (NFCU) have recently signed a sponsorship agreement to support the protection of South Korea’s national heritage. The agreement, celebrated with a ceremony in Seoul, aims to create a fund for the preservation and maintenance of cultural heritage sites.

Supporting the Fund Through National Heritage Savings Account

As part of the sponsorship agreement, the NFCU will contribute 1% of the sales revenue from their newly launched “National Heritage Savings Account” over the course of a year. This financial product emphasizes the social responsibility of protecting cultural heritage and provides an opportunity for citizens to contribute to its preservation through savings.

Improving the Visitor Experience at Changdeokgung Palace

The fund generated through the sponsorship agreement will be utilized for various projects aimed at enhancing the visitor experience at Changdeokgung Palace, a UNESCO World Heritage site. These projects include the installation of unmanned ticketing and validation machines to provide a more convenient visit for tourists. Additionally, support will be provided for the preservation and maintenance of traditional buildings and their wall coverings.

Operational Management by Cultural Heritage National Trust

The fund will be entrusted to the Cultural Heritage National Trust for operational management. This ensures sustainable funding for the protection of cultural heritage and supports activities related to the preservation and transmission of South Korea’s rich cultural legacy.

Strengthening Collaboration and Commitment

Choi Eung-cheon, the director of the National Heritage Administration, plans to join the “National Heritage Savings Account,” further strengthening the collaboration between the National Heritage Administration and the NFCU. This collaboration reflects the commitment to continuous support for the protection of national heritage.

A Historical Accord and Public-Private Partnership

This sponsorship agreement follows the “National Heritage Guardian Agreement” signed between the NFCU and the National Heritage Administration in November 2020. The NFCU has been actively supporting the protection of cultural heritage, and this sponsorship agreement is an extension of their ongoing efforts. By actively contributing to the preservation of cultural heritage and fulfilling their social responsibility, the NFCU demonstrates its commitment as a financial institution.

Setting an Example for Public-Private Cooperation

This collaboration between the National Heritage Administration and the NFCU serves as a positive example of how the partnership between the public and private sectors can contribute to the protection of cultural heritage. It presents a sustainable model for the preservation of cultural heritage and is expected to have a positive influence on future collaborations with other institutions.

Preserving and Transmitting Cultural Heritage

The protection of cultural heritage goes beyond preserving the past; it also involves conveying important values to present and future generations. The sponsorship agreement between the National Heritage Administration and the NFCU showcases the recognition of this significance and the collective effort to put it into action.

If you are curious about the source of the article, it is from Newsis.