NongHyup Financial Holds Potential Risk Review Meeting... "Asset Soundness Management is Top Priority"

Ban Chaeun, Head of Risk Management Division at NongHyup Financial Group

[Asia Economy Reporter Kiho Sung] NH Nonghyup Financial Group announced on the 30th that it held a video conference attended by risk management department heads and practitioners from financial affiliates such as Nonghyup Bank to discuss the current status of potential risks and countermeasures at Nonghyup Financial.

At the meeting held the previous day, especially amid the prolonged COVID-19 pandemic, the status of overseas alternative investments by each subsidiary was reviewed in preparation for deterioration in soundness, and an in-depth discussion was held on preemptive measures.

Chan-woo Ban, Head of Risk Management Division at Nonghyup Financial, ordered to devise ways to proactively respond to the risk of deterioration in soundness in overseas hotel and aircraft sectors among alternative investment assets and to minimize losses.

The Risk Management Division of Nonghyup Financial set asset soundness management as its top priority this year, selected potential risk assets and established management plans in February, and plans to continuously build a proactive soundness management foundation by strengthening audits of investment assets by industry and theme going forward.

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