NongHyup Bank announced on Oct. 30 that it purchased 8,245 tons of Agricultural Carbon Credits (Korean Offset Credits) from 22 farms in 2025 to curtail greenhouse gas emissions in the agricultural sector and support the spread of low-carbon agricultural technologies.
Agricultural Carbon Credits (KOCs) are used in a program that allows farmers or agricultural businesses to reduce greenhouse gases by applying low-carbon agricultural technologies and trade certified reductions in the greenhouse gas emissions market.
NongHyup Bank struck a business agreement with the Korean Ministry of Agriculture, Food and Rural Affairs and the Korea Agricultural Technology Promotion Institute in September 2023.
Since then, it has been supporting farmers’ emissions reduction certification costs and purchasing emission credits. Following the purchase of 1,419 tons in 2024, the lender purchased 8,245 tons of emission credits in 2025.
In accordance with a partial revision of the Guidelines on Greenhouse Gas Target Management Operation (April 2025), NongHyup Bank plans to use the credits to offset greenhouse gas emissions during the first period of the plan.
“To create sustainable agriculture and rural communities free from the climate crisis, NongHyup Bank is continuously supporting greenhouse gas reduction projects in the agricultural sector and promoting an increase in farm income,” NongHyup Bank President Kang Tae-young said. “We will also strengthen related financial products and services to achieve carbon neutrality.”
Meanwhile, NongHyup Bank is continuously implementing ESG management practices, including inking power purchase agreements (PPA), installing solar power plants for self-consumption, and switching to zero-emission electric vehicles to slash greenhouse gas emissions.
NongHyup Bank announces on Oct. 30 that it purchased 8,245 tons of KOCs from 22 farms in 2025.
MOU to Strengthen SME Management Support
NongHyup Bank announced that it signed an MOU to strengthen management support and financial access for SMEs with Samil PricewaterhouseCoopers and Finger on Oct. 30.
This agreement aims to provide integrated management support services, including consulting and financing by organically linking the expertise and networks of the three companies to address accounting, tax and financial management challenges facing SMEs.
Under this agreement, the three companies will provide integrated management support services, including management consulting, for SMEs and startups, integrate NongHyup Bank’s embedded banking platform with the ERP platforms (Stella and Pharos) jointly developed by Samil PricewaterhouseCoopers and Finger and promote joint marketing to enhance customer benefits.
NongHyup Bank will establish the NH Corporate/SOHO Support Center in November to support the growth of corporate customers and will staff the center with specialists to provide management and financial support consulting.
This agreement will also provide Samil PricewaterhouseCoopers’ remote expert advisory services on NongHyup Bank’s digital platform, further enhancing customer benefits.
Furthermore, in December, NongHyup Bank will enable customers to enjoy key financial services, such as account inquiries, fund transfers and payroll transfers, without installing separate programs by connecting the NH Embedded Platform with the ERP platform jointly developed by Samil PricewaterhouseCoopers and Finger.
“This agreement represents the three companies’ joint efforts to address the management challenges faced by SMEs and give financial support to them,” a NongHyup Bank official said.
“NongHyup Bank will steadily identify business-focused services tailored to the needs of SMEs and expand productive financing,”
Mobile Financial Education Program
NongHyup Bank announced that it conducted the Visiting Financial Education Program at Jeonggyo Elementary School in Pocheon, Gyeonggi-do on Oct. 1.
Visiting Financial Education is part of NongHyup Bank’s social contribution program, which is designed to foster sound financial values and provide career exploration opportunities for children and teenagers.
The program organized by the college student volunteer group N Dolphin involved financial education classes, bank teller job experience, and a bus-based mobile branch (NH Wings) experience for 55 students at the elementary school.
The program included two separate sessions for lower and upper grades.
Pupils showed a big interest in the program’s hands-on job training which included opening bank accounts, issuing debit cards, and using bill counters and counterfeit detectors.
“We loved most the bank teller job experience where we used a tablet to issue bank accounts and debit cards,” many of the pupils said. “It made me feel like I was a real bank teller.”
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