NH Nonghyup Financial "Aiming to Secure 28 Overseas Branches in 13 Countries by 2025"

On the 28th, Kim Hyung-shin, Vice President of NongHyup Financial Group, is presiding over the "NongHyup Financial Overseas Branch Managers Video Conference" held at the NongHyup Financial Group headquarters.

[Asia Economy Reporter Park Sun-mi] NH Nonghyup Financial Group is promoting its global business with the goal of achieving a net profit of 160 billion KRW from global operations and securing 28 overseas branches in 13 countries by 2025.

On the 30th, NH Nonghyup Financial Group announced that it held a video conference with 12 overseas branch managers from 7 countries at its Seoul headquarters meeting room on the 28th and 29th. This was the first remote non-face-to-face meeting held by the global business division since the COVID-19 pandemic spread this year. The meeting was led by Kim Hyung-shin, Vice President of NH Nonghyup Financial Group, who oversees the group’s global business.

NH Nonghyup Financial Group is focusing its efforts on expanding its diverse network and strengthening business capabilities with the goal of achieving a net profit of 160 billion KRW from global business and securing 28 overseas branches in 13 countries by 2025.

By affiliate, Nonghyup Bank is simultaneously promoting the opening of branches in five key locations: Beijing, China; Hong Kong; Noida, India; Ho Chi Minh City, Vietnam; and Sydney, Australia. NH Investment & Securities is focusing on diversifying the business and strengthening profitability of its existing overseas branches, and is also considering expanding its sales bases within Europe. NH Nonghyup Capital completed its equity investment in India’s IFFCO-Kisan Finance in the first half of the year and is preparing for full-scale joint management.

An NH Nonghyup Financial Group official said, "To establish a smoother information-sharing system, we plan to expand the use of the video conferencing system to the entire group and overseas partners following this meeting," the official added.

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