NongHyup Financial "Aiming for 6 Trillion Global Assets and 160 Billion Annual Net Profit by 2025"

2020 NongHyup Financial Global Strategy Council Meeting Held

[Asia Economy Reporter Kwon Haeyoung] NH Nonghyup Financial Group has set a goal to achieve KRW 6 trillion in assets, an annual net profit of KRW 160 billion, and an overseas network spanning 28 locations in 13 countries by 2025 in its global business.

On the 12th, Nonghyup Financial announced that at the '2020 Nonghyup Financial Global Strategy Council' held the previous day, attended by Chairman Kim Kwangsoo and CEOs and executives of major affiliates, this policy was established. As of the end of 2019, Nonghyup Financial's global assets stood at KRW 1.3565 trillion, annual net profit was KRW 28.9 billion, and its overseas network covered 16 locations across 9 countries.

At this Global Strategy Council, Nonghyup Financial employees reviewed the footsteps of Nonghyup Financial's global business so far and presented four core values and three strategic directions at the Nonghyup Financial level to prepare for the next 10 years.

First, inheriting Nonghyup Financial's vision as a 'Global Cooperative Financial Group Representing Asia,' four core values were established for a new decade of global business leap. These are ▲'Differentiation' leveraging Nonghyup Financial's strengths in agricultural finance ▲'Glocalization' emphasizing globalization along with inclusive localization ▲'Digital Innovation' responding to the financial ecosystem transformation due to the 4th Industrial Revolution ▲'Social Value' emphasizing Nonghyup Financial's public status and social responsibility.

The strategic directions were set as ▲'Expansion of Asia-centered network' through selection and concentration ▲'Strengthening global IB capabilities' ▲and a challenging 'Digital Transformation.'

Chairman Kim Kwangsoo of Nonghyup Financial stated, "Nonghyup Financial's global business should pursue stable growth by solidifying its foundation rather than excessive expansion focused on short-term results," and added, "Let us make this year, the start of the 2020s, a turning point for a new leap in global business."

Meanwhile, before the start of this council, Nonghyup Financial awarded three departments and four employees with outstanding global business performance in 2019.

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