NongHyup Bank Signs Business Agreement with Jeju Island to Expand Electric Vehicle Distribution

NH Nonghyup Bank signed a business agreement with Jeju Special Self-Governing Province on the 15th at the Jeju Special Self-Governing Province Office to cooperate in expanding the supply of electric vehicles. From the left in the photo: Kang Seung-pyo, Head of Jeju Regional Headquarters of Nonghyup Central Association; Won Hee-ryong, Governor of Jeju Special Self-Governing Province; Kwon Joon-hak, President of Nonghyup Bank; Moon Sang-chul, Head of Jeju Sales Headquarters of Nonghyup Bank. Photo by Kang Seung-pyo

[Asia Economy Reporter Kiho Sung] NH Nonghyup Bank announced on the 15th that it has signed a business agreement with Jeju Special Self-Governing Province and Jeju Special Self-Governing Province Office to cooperate in expanding the supply of electric vehicles.

Through this agreement, Nonghyup Bank will develop financial services to expand the supply of electric vehicles and promote the conversion of business and employee vehicles to electric vehicles within the Jeju area.

Nonghyup Bank has launched the ‘NH Easy Auto Loan,’ which offers a preferential interest rate of 0.3% when purchasing an electric vehicle, and plans to gradually expand the use of electric vehicles starting with the allocation of the first business electric vehicle to the Jeju branch of Nonghyup Bank.

Additionally, as the custodian bank of Jeju Special Self-Governing Province, NH Nonghyup Bank is preparing measures to provide additional financial benefits such as preferential loan interest rates for Jeju residents when purchasing electric vehicles.

Meanwhile, NH Nonghyup Bank plans to carry out various eco-friendly projects, including the NH Climate Action campaign to reduce greenhouse gas emissions and achieve carbon neutrality, replacing lighting with eco-friendly LED lights, and implementing paperless offices, in line with the ESG (Environment, Social, Governance) management vision declaration and promotion plan of Nonghyup Financial Group.

President Junhak Kwon stated, “We will continuously strive to contribute to creating a carbon-free, clean, and beautiful Jeju in cooperation with the Jeju Special Self-Governing Province Office.”

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