NongHyup Financial Group Stepping Up Efforts to Strengthen International Hubs

Chairman Lee Chan-woo of NongHyup Financial Group. (Photos: NongHyup Financial Group)

NH Financial Group announced that it held the 2025 Second NH Financial Global Strategy Council Meeting at its headquarters in Jung-gu, Seoul, on Aug. 26, chaired by Vice President Cho Jung-rae, head of the financial group’s Future Growth Division.

According to NongHyup Financial Group officials, the meeting was attended by relevant executives and employees working in the global business sector, along with overseas branch managers, both in person and via a video conference.

The meeting successfully served as a forum to discuss strategies for NongHyup Financial Group’s global business amid a rapidly changing global environment including interest rate policies in developed countries like the United States, shifts in geopolitical risks, and supply chain restructuring in the Trump 2.0 era.

The participants also reviewed first-half business results and outlined second-half business directions.

NH Financial Group holds the 2025 Second NH Financial Global Strategy Council Meeting on Aug. 26, Vice President Cho Jung-rae poses for a photo with some of the participants.

Notably, it provided an opportunity to communicate and discuss directly with overseas branch managers working, gathering field perspectives and operational insights on NongHyup Financial Group’s key strategic directions.

In step with NongHyup Bank’s recent final approval for its London branch, NH Financial Group explored ways to revitalize its investment banking business in Europe and the EMEA region — areas previously identified as weak points in its global operations.

They also discussed plans to enhance synergies with NH Investment & Securities’ London subsidiary.

Following the establishment of NongHyup Bank’s Noida branch, NH Capital’s participation in the management of a joint venture credit company with IFFCO, India’s largest fertilizer cooperative, and the expansion of its business network within India, NH Investment & Securities’ entry into the Indian market is expected to enable NongHyup Financial Group to provide comprehensive financial services.

Meanwhile, NongHyup Financial Group anticipates that synergies will be maximized with NH-ARP, NH Investment & Securities’ Singapore asset management subsidiary, once its bank branch in Singapore receives approval in the second half of this year.

Financial Consumer Protection Council Meeting

NongHyup Financial Group held its 2025 Third Financial Consumer Protection Council meeting at the NongHyup Bank headquarters in Jung-gu, Seoul on Aug. 27.

Fifteen participants attended, including the Chief Consumer Officer (CCO) and consumer protection practitioners from the holding company and its subsidiaries.

They discussed key second-half financial consumer protection initiatives, status and analysis of major complaints and best practices in consumer protection from subsidiaries.

Notably, NongHyup Life Insurance shared its know-how in achieving the industry’s lowest incomplete sales ratio through enhanced Happy Call practices.

NH Investment & Securities shared its experience promoting investor suitability assessments and appropriate financial product selection through customer events.

Productive Finance Promotion Meeting

NongHyup Financial Group announced that it held a meeting on activating productive finance at its headquarters on Aug. 20, aligning with the recent government and financial authorities’ emphasis on expanding productive finance.

This meeting brought together executive officers from the holding company and subsidiaries.

It served as a forum to analyze NongHyup Financial Group’s additional available RWA (Risk Weighted Assets, resulting from institutional/regulatory improvements, and to discuss the current status and activation/promotion strategies for productive finance by each subsidiary.

“NongHyup Financial Group must fulfill its social responsibilities not only through its core role of supporting agriculture and rural communities but also through productive finance that leverages NongHyup’s unique strengths,” NongHyup Chairman Lee Chan-woo emphasized.

“We must further strengthen support for future high-tech industries, venture startups and small business owners by leveraging each affiliate’s strengths, and ultimately contribute to national economic growth.”

In particular, NongHyup Financial Group held in-depth discussions centered on plans to revitalize corporate finance and venture capital.

It openly shared ideas for expanding support for small business owners, including supplying insurance products dedicated to small manufacturers and plans for securitizing sales receivables of small and medium-sized enterprises.