NongHyup Financial Group signed a business agreement on realizing CF100-based carbon neutrality with Korea Hydro & Nuclear Power (KHNP) at the Radiation Health Center in Jung-gu, Seoul on Dec. 7.
Under the agreement, NongHyup Financial Group and KHNP will cooperate in various fields, including the nuclear power and renewable energy sectors, to respond to the global climate crisis and strengthen national energy security.
In particular, the two companies will operate a council to identify financial support programs specific to nuclear power plants and jointly invest in blue-chip assets in the renewable energy sector.
“We will fulfill our social responsibilities as a financial institution by providing competitive financial services to support KHNP's efforts for Korea’s transition to a carbon-neutral economy,” said NongHyup Financial Group Chairman Lee Seok-jun.
“Building a carbon-neutral economy is a very important global initiative,” said Hwang Joo-ho, President of KHNP.
“If NongHyup Financial Group and KHNP combine energy-related technologies and experience with financial supports from NongHyup Financial Group, we will be able to take a step closer to becoming a carbon-neutral society.”
NongHyup Financial Group already declared the phase-out of financing for coal-related projects as part of a global response to the climate crisis and sustainable carbon neutrality, reaffirming its commitment to refrain from financing new coal-based power plants and to increase investments in the eco-friendly, new and renewable energy sectors.
The group is continuously monitoring and managing the status, balance, and redemptions of coal financing, and included related follow-up actions as key items for the ESG performance evaluations of its affiliates.
NH Wealth Management Concert
NongHyup Financial Group introduced top wealth management experts’ investment strategy and knowhow.
The financial group announced that it held the NH Wealth Management Concert with the NH WM Masters at NongHyup NH Art Hall in Jung-gu, Seoul on Nov. 29.
The NH WM Masters are a group of industry-leading asset management experts selected from NongHyup Financial Group and its six affiliates — NongHyup Bank, NongHyup Life, NongHyup Insurance, NH Investment & Securities, and NH Amundi Asset Management.
The investment concert was held under the slogan, “Soar with the spirit of the blue dragon in 2024!”
The event featured a discussion on “Finding the key to Investment Success” by Kim Byung-yeon of NH Investment & Securities and Park Hyung-min of NH-Amundi Asset Management.
The second part of the event was dedicated to “Crises and Opportunities in the real Estimate Market,” by Kim Hyo-sun of NH Bank and Jung Bo-hyun of NH Investment & Securities.
In addition, Kim Mi-kyung, CEO of Art Speech and Communication, delivered a special lecture about everyday self-development.
The “NH Asset Management Concert” was held at the NongHyup NH Art Hall in the NH Bank headquarters building with 300 people who reserved seats on a first-come, first-served basis.
“Sharing Kimchi with Rural Sister Village” Event Held
On Nov. 21, NongHyup Financial Group Chairman Lee and the group’s employee volunteer group held the “Sharing Kimchi with Rural Sister Village” Event at Wangdaechu Village in Yeonggumi-myeon, Hongcheon-gun of Gangwon Province.
The kimchi sharing event, which has been held since 2013, is a social contribution event in which NongHyup Financial Group employee volunteers and villagers deliver kimchi made with agricultural products produced by the sister village to local marginalized people.
Following the kimchi event on Nov. 21, the NongHyup Financial Group’s Employee Volunteer Group visited a welfare organization in Jung-gu, Seoul on Nov. 22 to deliver kimchi to them directly.
The kimchi will also be delivered to needy neighbors such as senior citizens living alone, single-parent families and vulnerable children through welfare organizations.
“It is quite meaningful to share the kimchi prepared by NongHyup Financial Group and residents of the rural sister village with local communities,” Chairman Lee said.
“The NongHyup Financial Group will continue to carry out various social contribution activities based on our strong bonds with agriculture, rural areas, and local communities so that everyone will have a warm winter.”
On the other hand, NongHyup Financial Group, together with its subsidiaries in the banking, life insurance, non-life, and securities businesses, plans to aid underprivileged neighbors who are struggling due to inflation in the upcoming year-end.
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