Gwanak Nonghyup Achieves 2.5 Trillion KRW in Mutual Finance Deposits

At the celebration ceremony for Gwanak Nonghyup's mutual finance deposits reaching 2.5 trillion won on the 17th, Lee Dae-yeop, Head of Nonghyup Seoul Regional Headquarters (5th from the left), Park Joon-sik, Chairman of Gwanak Nonghyup (6th from the left), Kim Nam-jin, Director of Seoul Mutual Finance Support Group (8th from the left), and other Nonghyup executives and employees are posing for a commemorative photo.
[Photo by Seoul Nonghyup]

[Asia Economy Reporter Lee Gwan-joo] NongHyup Seoul Regional Headquarters (Head Lee Dae-yeop) held a ceremony on the 17th at Gwanak NongHyup (Chairman Park Jun-sik) to present the achievement tower for reaching 2.5 trillion KRW in mutual finance deposits.

Gwanak NongHyup has continued its growth, achieving 2.5 trillion KRW in mutual finance deposits three and a half years after surpassing 2 trillion KRW in February 2018.

Lee Dae-yeop, Head of NongHyup Seoul Regional Headquarters, praised the achievement as "a valuable result accomplished through the efforts of all employees despite the difficulties in business promotion due to COVID-19, prolonged low growth, and low interest rate trends."

Park Jun-sik, Chairman of Gwanak NongHyup, said, "This achievement was attained with one heart by members, customers, and employees despite difficult management conditions," adding, "We will continue to do our best to realize a 100-year NongHyup where urban and rural areas coexist."

Gwanak NongHyup leads the practice of urban-rural coexistence by conducting annual campaigns to promote the sale of Korean rice at the agricultural products department store, hosting the Paldo Excellent Agricultural and Specialty Products Festival, and supporting difficult mountain area agricultural cooperatives with 9.6 billion KRW in advance shipment payments this year.

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