Kwangsoo Kim, Chairman of NongHyup Financial, "The New Decade is for 'Design Management'"

2020 Management Strategy Meeting Held... Discussion on Mid- to Long-Term Strategic Directions and Key Execution Tasks for This Year

[Asia Economy Reporter Kwon Haeyoung] Kim Kwangsoo, Chairman of NH Nonghyup Financial Group, declared 'DESIGN management' as the mid- to long-term strategic direction for the next 10 years of Nonghyup Financial.

On the 21st, Nonghyup Financial held the '2020 Management Strategy Meeting for a New Decade' at the NH Investment & Securities Grand Auditorium in Yeouido, Seoul, attended by Chairman Kim Kwangsoo, CEOs and executive officers of affiliates, NH Future Innovation Leaders, and about 160 employees. The meeting reviewed the achievements and challenges of the past 10 years since transitioning to a financial holding company system and shared the mid- to long-term strategic direction and key execution tasks for 2020 for the next decade.

Chairman Kim announced the new management slogan, 'New Decade! DESIGN NHFG!' DESIGN stands for Digital management innovation (D), social responsibility management (E), expertise and balanced growth (S), enhancement of agricultural industry value (I), global acceleration (G), and strengthening relationships, communication, and collaboration (N).

Chairman Kim urged to redesign Nonghyup Financial through change and innovation over the next 10 years. To this end, 2020 is set as the inaugural year of DESIGN Nonghyup Financial, focusing efforts on nine core strategic tasks aimed at future change, strengthening management capabilities, and harmonizing with society. The core strategic tasks include ▲ systematic operation of digital transformation ▲ acceleration of innovative financial ecosystem creation ▲ value-centered insurance business innovation ▲ expansion of optimal global sales networks ▲ enhancement of non-interest business competitiveness ▲ expansion of agricultural (policy) finance roles ▲ proactive risk management and strengthening of asset-liability management (ALM) ▲ mutual growth of farmers and the entire Nonghyup group ▲ faithful fulfillment of financial social responsibility.

Chairman Kim emphasized, "We must deeply engrave the meaning of 해현경장 (解弦更張, literally 're-tuning the string') to survive in the rapidly changing management environment without resting on the achievements of the past 10 years." He added, "As Picasso said, 'Everything you can imagine is real,' let us boldly implement 'DESIGN Nonghyup Financial' through the destruction of existing practices and innovative recreation."

Meanwhile, prior to the meeting, Nonghyup Financial held a flag presentation ceremony for NH Venture Investment and NH Hedge Asset Management, the new members of NH Nonghyup Financial Group, an awards ceremony for outstanding affiliates and offices, and a 2020 management agreement ceremony between the financial holding company chairman and subsidiary CEOs.

This content was produced with the assistance of AI translation services.