Kwangsoo Kim, Chairman of NongHyup Financial Group, Joins 'NH-Amundi 100-Year Company Green Korea Fund'

A fund investing by analyzing corporate sustainability from an ESG perspective. Expected to lead K-New Deal related investments
Chairman Kim takes initiative to promote nationwide K-New Deal participation and activate green and environmental industry investments

On the 8th, at the NH Nonghyup Bank headquarters located in Jung-gu, Seoul, Kim Kwang-soo, Chairman of NH Nonghyup Financial Group (right), is subscribing to the 'NH-Amundi 100-Year Company Green Korea Fund.'

[Asia Economy Reporter Kangwook Cho] Kim Kwang-soo, Chairman of NH Nonghyup Financial Group, has joined a fund investing in the green industry to support the government's 'Korean New Deal' initiative.

NH Nonghyup Financial announced on the 8th that Chairman Kim subscribed to the domestic equity ESG product, 'NH-Amundi 100-Year Enterprise Green Korea Fund,' at the Nonghyup Bank headquarters in Jung-gu, Seoul.

Launched on the 3rd by NH-Amundi Asset Management, an affiliate of NH Nonghyup Financial, this fund invests by analyzing sustainability from an ESG perspective in addition to corporate financial factors. It focuses intensively on the 'Green (environment)' theme, which is showing visible improvement and growth potential. The fund is expected to mainly include companies related to 5G, secondary batteries, hydrogen and electric vehicles, and wind power, which are anticipated to benefit from the government's New Deal policies.

NH Nonghyup Financial provided an initial operating fund of 40 billion KRW to this fund to promote nationwide participation in the K-New Deal and support the activation of investments in the green and environmental industries. Additionally, 20% of the management fees will be allocated to a public interest fund to support social contribution activities and public projects.

On the 8th, at the NH Nonghyup Bank headquarters located in Jung-gu, Seoul, Kim Kwang-soo, Chairman of NH Nonghyup Financial Group (third from the left), and other executives and employees of Nonghyup Financial Group are taking a commemorative photo after the subscription event for the 'NH-Amundi 100-Year Enterprise Green Korea Fund.' From the left, the second person is Bae Young-hoon, CEO of NH-Amundi Asset Management, and the fourth person is Kim Hyung-shin, Vice President of NH Nonghyup Financial Group. Photo by [Photographer's Name]

After subscribing to the fund, Chairman Kim said, "Based on the excellent research and management capabilities of NH-Amundi Asset Management, proven through the 'Winning Korea Fund,' the first domestic fund investing in the materials, parts, and equipment industry, I hope this fund will lead investments related to the K-New Deal." He emphasized, "All affiliates will unite their efforts to actively support the K-New Deal, which will lead Korea's 100-year future."

Baek Young-hoon, CEO of NH-Amundi Asset Management, who joined on the day, said, "'100-Year Enterprise Green Korea Fund' is a product carefully prepared over the past year, and together with the Winning Korea Fund, we will operate it with social responsibility and do our best."

Earlier, on the 3rd, NH Nonghyup Financial announced plans to actively participate in the Korean New Deal policy by promoting financial support totaling 13.8 trillion KRW by 2025. In particular, it expressed its determination to achieve the 'greening of agriculture' by leveraging its capabilities in agricultural industry finance unique to NH Nonghyup Financial. It plans to support eco-friendly smart farm households and eco-friendly agricultural food companies with a total of 5.5 trillion KRW.

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