NH Financial Group to Join Hands with Farm Enterprises in China and Vietnam
Æ®À§ÅÍ ÆäÀ̽ººÏ ¹ÌÅõµ¥ÀÌ
Global News Network
HOME      ABOUT US      NW ±âȹÁ¤º¸
ARCHIVE      GALLERY      LOGIN
NH Financial Group to Join Hands with Farm Enterprises in China and Vietnam
Company has strategy to localize its overseas operation to fully develop its agricultural financial service

24(Tue), Sep, 2019




Chairman Kim Gwang-soo of NH Financial Group along with other officials of the financial group are joined by Chairman Trinh Ngoc Khanh of Agribank and other executives for a photo session in Hanoi,Vietnam, on Feb. 22. (Photo: NHFG)




NH Financial Group has been seeking organic global financial market growth under its combined strategy to engage in both emerging and advanced financial markets.


The group has been working hard at cooperation among affiliates in overseas operations in a bid to catch up with rival financial groups in the country, who kicked off their overseas operations long before NH did.


The group has decided to set up its global asset management hubs in such key global financial centers as New York, London, Hong Kong and Singapore to explore investment targets in advanced financial markets.


The group set up the NH Financial Center inside the Hong Kong subsidiary of NH Investment Securities to take care of the creation of synergy among its asset management affiliates.


Chairman Kim Gwang-soo of NH Financial Group said overseas earnings would amount to around 100 billion won by 2022 as NH plans to boost its overseas operations to generate 10 percent of its earnings, which is in line with the plan to strengthen the overseas operational structure now standing at 16 branches in 10 countries.


The group eyes expansion of its overseas business network under the plan under the NH Specialized Asian Financial Belt Project with the ultimate purpose making the group a leading financial group in Asia.


Chairman Kim said NH will speed up the project to build the Asian financial belt linking China with Southeast and Southwest Asia, which have countries with great a need for agricultural finance.


He said only NH Financial can provide a special financial package tailormade for the regions, mixed with both financial and economic measures.


The financial group set up detailed strategies by nations and business sectors and upgraded the global strategy dep¡¯t to the global operational headquarters.


NH Investment and Securities set the global promotion dep¡¯t under the financial group¡¯s plan to cultivate its overseas network and operational experiences as a foundation for its growth, especially aimed at emerging nations financial markets in Asia.


The huge potential for growth based on an agricultural base is one of the reasons for NH Financial¡¯s decision to enter the regions.


Countries there can provide localized experience in agricultural finance and know-how. The business model combining real economy sectors - including distribution, farm machinery, seeds and the financial sector¡¯s fusion model - can lead to less segregated business models.


The financial group has also been engaged in discussions over the formation of joint ventures in such areas as banking, securities and non-life insurance with Gongso Group in China, while 11 cooperative projects in both the banking and non-banking areas, are being taken up with Agri Bank in Vietnam.


The group also has been operating in Myanmar, cooperating with HTOO Group on the installment finance for farm machinery to develop a business model that mixes agricultural finance through a task force.


In Cambodia, the group has set up its local operation by taking over the MFI-Micro Finance Institute to operate a retail financing in the S.E. Asian country.


The work on setting up a Hong Kong branch will be processed as planned as part of a move to build a hub for the management of the overseas funds in cooperation with NH Investment and Securities.


The group will also rush its move to open a branch in India, while other business facilities will have their capital boosted in a bid to strengthen their operational network.





   
Most Popular


±â»çÁ¦º¸      ±¤°í¹®ÀÇ      ±¸µ¶½Åû      ¹ø¿ªÀÇ·Ú      ¾÷¹«Á¦ÈÞ      PR´ëÇà      º¸µµÀÚ·á      ¸®¼Ò½º ¼¾ÅÍ      Previous Site
Copyright(c) 2013 NewsWorld, All right reserved. / 3f, 214, Dasan-ro, Jung-gu, Seoul, Korea 100-456 / http//www.newsworld.co.kr
If you have any question or suggestion, please cuntact us by email: news5028@hanmail.net or call 82-2-2235-6114 / Fax : 82-2-2235-8864
ȨÆäÀÌÁö¿Í ÄÜÅÙÆ® ÀúÀÛ±ÇÀº ´º½º¿ùµå¿¡ ÀÖ½À´Ï´Ù.