Korean Beekeeping Cooperative Achieves 1.5 Trillion KRW in Mutual Finance Deposits

From the third person on the left, Kim Yong-rae, Chairman of Korea Beekeeping Agricultural Cooperative, Lee Dae-yeop, Head of Nonghyup Seoul Regional Headquarters, Kim Un-cheol, Executive Director of Korea Beekeeping Agricultural Cooperative, Kim Nam-jin, Director of Nonghyup Seoul Mutual Finance Support Group. / Provided by Seoul Nonghyup

[Asia Economy Reporter Lee Gwan-joo] Nonghyup Seoul Regional Headquarters (Head Lee Dae-yeop) held a ceremony on the 26th at Korea Beekeeping Nonghyup (Chairman Kim Yong-rae) to present the achievement tower for reaching 1.5 trillion won in mutual finance deposits.

Korea Beekeeping Nonghyup surpassed 1 trillion won in mutual finance deposits in February 2017, and increased by 500 billion won this month on the 18th, reaching 1.5 trillion won after four years.

Lee Dae-yeop, head of Nonghyup Seoul Regional Headquarters, praised the achievement as "a valuable result accomplished through the efforts of all employees despite many difficulties in business promotion due to COVID-19, various regulations in the financial industry, and the prolonged low-growth and low-interest rate environment."

Kim Yong-rae, chairman of Korea Beekeeping Nonghyup, said, "This achievement was gained with one heart by members, customers, and employees even under difficult conditions," and added, "We will continue to be Korea Beekeeping Nonghyup that grows together with the local community."

Korea Beekeeping Nonghyup is the only beekeeping-specialized agricultural cooperative in Korea with a 60-year history, well known for high-quality beekeeping products such as Cheongmil honey, propolis, and royal jelly.

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