Chairman Kim Yong-hwan of NK Financial Group joins the group’s officers and staff in making packages of goods to be delivered  to the needy families around the country.(Photos: NH Financial)

NH Financial Group, led by Chairman Kim Yong-hwan, has been focused on social activities that reflect the nature of the National Agricultural Cooperatives Federation (NACF) and the financial business. 

The seven affiliate firms in the group have been pushing its social service activities in tune with the basic philosophy, “Sharing happiness between the customers and officers and staff through finance.”

“The Campaign for the Creation of Another Farm Village” has been a representative social service activity showing off the identity of NACF, which was one of the reasons for Chairman Kim’s visit to a farm village in Gangwon Province, Wangdaechu (King Plumb) Village, in May. 

He received a letter appointing him as the honorary village head as the result of continuous exchange and support by the financial group with the village. The staff of the financial group having been made “honorary residents” of villages in the farm regions in the spirit of the social service activity, a pan-national campaign to be a model for the cooperative activity attuned to the Another Village Creation.

 The financial group has been carrying out diverse social service activities, including a campaign to help farmers, provide medical check-ups for village residents, share farm produce, help foreign farm workers, and provide support for multi-cultural families in farm villages.

 The financial group also plans to carry out additional activities such as providing help to villages during their busy planting and harvesting seasons, making kimchi, taking vacations in farm villages, buying farm produce directly from farmers, along with other activities to spur exchanges between the group and the farm villages. 

In October, CEOs and staff of the financial group sent seven kinds of farm produce to welfare facilities.

The financial group also provides special financial products tailor-made for farm villages across the country, including the NH New Hope Seed Loan, and the NH Exchange Loan, among other loans provided to less fortunate people in rural areas around the country. The NH Hope Finance Plaza has been a window for concessionary loans, where financial consultants help borrowers access capital.

The financial group has been conducting various finance classes titled “The Financial Classroom for Filling Happiness”; “The Financial Education for One Teacher, One School”; “The Economic, Financial Classroom for Modulay Children”; among others, to provide education on financial matters for the children and senior citizens in rural areas across the country.

In addition, the group’s executives and staff meet with members of isolated families to offer consultations on financial matters.

NH Financial Group suggests customers deposit funds in the so-called “Love Law Deposit” and other financial accounts.

Last year, the financial group’s executives and staff spent 210,000 hours of their own time conducting social service activities, including 2,244 cases of financial education for some 117,000 people, making the financial group continue to be one of the top institutions in providing social services in Korea. 

NH Financial Group says it is determined to continue to undertake such social service activities and visit diverse rural families around the country.

Chairman Kim Yong-hwan is shown here with the letter appointing him as an honorary head of Wangdaechu Village in Gangwon Province,  on May 27, 2016, in recognition of the excellent results from the Creation of Another Farm Village social service activity conducted by the National Agricultural Cooperatives Federation(NACF) across the country.