Financial Overview
Relevant Laws and Regulations
Korea Scientists and Engineers Mutual-Aid Association Act Article 17 (Capital)
(1) The capital of the mutual-aid association shall come from the financial resources in any of the following subparagraphs:
- 1. Contributions made by members and employers;
- 2. Subsidies and contributions from the government or local governments;
- 3. Contributions from persons other than the government or local governments
(2) The government may provide or grant the subsidies and contributions, referred to in paragraph (1) 2, limitedly to cases necessary for the protection and fostering of the Mutual-Aid Association.
Asset Portfolio Overview

(unit: KRW hundred million)
Division | 2017 | 2018 | 2019 |
---|---|---|---|
Development grants |
2,500 | 3,010 | 3,010 |
Members’ contributions | 40,529 | 45,313 | 55,444 |
Liability reserves | 5,638 | 6,379 | 7,630 |
Retained earnings | 1,983 | 1,058 | 3,698 |
Others | 1,564 | 2,356 | 2,050 |
Total asset | 52,214 | 58,116 | 71,832 |
