NH Investment & Securities and World Vision Sign Agreement to Support Sri Lanka Agricultural Cooperatives

[Asia Economy Reporter Lee Seon-ae] NH Investment & Securities announced on the 27th that it will support the Sri Lankan agricultural cooperatives in collaboration with the international relief and development NGO World Vision (Chairman Jo Myung-hwan). On the same day, NH Investment & Securities held a business agreement ceremony at its Yeouido headquarters to sponsor the eco-friendly agricultural cooperative support project in Sri Lanka, attended by Kim Kyung-ho, head of the WM Business Division, and Jo Myung-hwan, chairman of World Vision. Immediately after signing the agreement, the sponsorship funds were delivered.

NH Investment & Securities will donate a portion of the profits from overseas stock trading to World Vision Korea for the Sri Lankan agricultural cooperatives. With the sponsorship from NH Investment & Securities, World Vision Korea plans to carry out a cooperative capacity-building project to assist about 700 farmers and 1,500 vulnerable people in the Batticaloa district of eastern Sri Lanka. Although eco-friendly agricultural cooperative capacity-building projects have been ongoing in the Batticaloa district for over 10 years, follow-up projects are needed for stabilization and self-reliance. Through this project, the Batticaloa eco-friendly agricultural cooperative will not only strengthen its marketing and operational capabilities but also realize its dream of self-reliance through technical support for eco-friendly certification processes and financial assistance.

NH Investment & Securities stated that the decision to support World Vision was made in line with the philosophy of NongHyup Financial Group and its ESG management. Kim Kyung-ho, head of the WM Business Division at NH Investment & Securities, explained, “We decided to provide technical and financial support to the farmers’ cooperative using eco-friendly agriculture in the extremely poor areas of Sri Lanka. This decision was made as part of implementing ESG management by leveraging the philosophy of NongHyup Financial Group and NH Investment & Securities’ business model.”

Jo Myung-hwan, chairman of World Vision, expressed gratitude to NH Investment & Securities, saying, “We appreciate NH Investment & Securities, which shares the social contribution philosophy of NongHyup, established and operated for the rural areas and farmers of our country, for extending a helping hand to the farmers in Sri Lanka as well.” He added, “We will effectively carry out the support project by utilizing our expertise gained from long-term support of eco-friendly agricultural cooperatives in Sri Lanka.”

As an affiliate of NH NongHyup Financial Group, NH Investment & Securities stated that it will continue its social contribution activities. At the NongHyup group level, NH Investment & Securities has been conducting the ‘Rural Village Community Electric Induction Support Project’ in cooperation with the NongHyup Foundation since 2019. The goal is to install more than 400 induction cookers annually. Additionally, NH Investment & Securities employees hold the ‘Another Village Market,’ where they can directly purchase agricultural products from sister farms to support them through purchases. They also volunteer to help with farm work or provide supplies to rural villages struggling due to COVID-19, and to support flower farms, they purchase over 300 million KRW worth of flowers to use as Lunar New Year gifts and customer appreciation gifts.

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