NH Nonghyup Financial, Holds '2020 Risk Management Resolution Meeting'

[Asia Economy Reporter Haeyoung Kwon] NH Nonghyup Financial held the '2020 Nonghyup Financial Risk Management Resolution Meeting' on the 6th at the Nonghyup Financial headquarters in Jung-gu, Seoul, with about 120 executives and employees attending, including Song Su-il, head of the Risk Management Division.

Rather than pursuing business centered on single performance, Nonghyup Financial plans to induce qualitative growth through meticulous risk management. In particular, with recent financial authorities strengthening regulations on real estate finance and inspecting overseas alternative investments, there is a demand to enhance the soundness of alternative investments. Accordingly, they will focus on managing economically sensitive assets such as real estate project financing (PF) and will make subsidiary-level monitoring of assets with steep growth rates a regular practice.

Additionally, they plan to focus on managing interest rate risks of insurance subsidiaries due to the increase in negative margin insurance products caused by low interest rates and the decline in operating yields.

In this regard, Kang Seung-won, head of the Bond Strategy Team at NH Investment & Securities Research Center, gave a lecture titled 'Trends and Outlook of Domestic and International Bond Markets,' providing a detailed review of risk factors under the low interest rate environment and sharing response measures.

Furthermore, the executives and employees pledged at the resolution meeting to take the attitude of 'Haehyeon-gyeongjang (解弦更張 - changing the strings of a geomungo)' and lead the establishment of a sustainable growth foundation for Nonghyup Financial.

Song Su-il, head of the Risk Management Division at Nonghyup Financial, said, "It is a time when the role of the Risk Management Division is more important than ever to build a sustainable growth foundation," and urged, "I hope the executives and employees of Nonghyup Financial's Risk Management Division will carry out proactive and substantial risk management tasks with a sense of mission."

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