NongHyup Bank and Korea Energy Agency Sign Financial Support Agreement

On the 18th, at the NH Nonghyup Bank headquarters on Saemunan-ro, Seoul, NH Nonghyup Bank President Kwon Joon-hak (right) and Korea Energy Agency Chairman Kim Chang-seop are posing for a commemorative photo during the K-RE100 financial support business agreement ceremony between NH Nonghyup Bank and Korea Energy Agency.

[Asia Economy Reporter Jin-ho Kim] NH Nonghyup Bank announced on the 18th that it signed a financial support business agreement, including preferential interest rates, with the Korea Energy Agency at its headquarters on Saemunan-ro, Seoul, for companies participating in 'K-RE100'.

RE100 is a global campaign in which companies pledge to switch 100% of their electricity consumption to renewable energy sources such as solar and wind power by 2050. In Korea, the Korea Energy Agency is the dedicated organization promoting the K-RE100 system.

According to the agreement, Nonghyup Bank will offer loan companies participating in K-RE100 an interest rate discount of up to 0.3 percentage points based on their renewable energy transition ratio. Additionally, both parties plan to cooperate on financial support policies and measures to encourage more companies to participate in the K-RE100 system.

Kwon Joon-hak, President of Nonghyup Bank, stated, “Through this business agreement, we will fulfill our role as a leading ESG (Environmental, Social, and Governance) bank by providing various financial supports.”

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