NongHyup Financial Management Strategy Meeting... 'ESG, Digital, WM, Global, Risk Management' Core Topics

NongHyup Financial Group announced on the 20th that it held the "2022 New Year Management Strategy Meeting" at its headquarters located in Jung-gu, Seoul. Son Byung-hwan, Chairman of NongHyup Financial Group (fifth from the left in the photo), and representatives of affiliated companies are taking a commemorative photo after the management agreement ceremony.

[Asia Economy Reporter Kiho Sung] NongHyup Financial Group announced on the 21st that it held the '2022 New Year Management Strategy Meeting' on the 20th at its headquarters located in Jung-gu, Seoul.

On this day, NongHyup Financial Group selected 'ESG, Digital, WM, Global, Risk Management' as the core themes for its key initiatives in 2022.

In particular, regarding ESG, the group plans to establish carbon emission management measures and strengthen ESG financial competitiveness to actively implement ESG management this year. For Digital, the focus was on building a customer-centered comprehensive financial platform and securing future competitiveness through the internalization of digital transformation (DT).

In WM, the vision for 2022 is to strengthen competitiveness in the retirement pension business, brand the WM business through the activation of 'NH WM Masters,' and enhance non-face-to-face WM channels to achieve substantial WM business competitiveness.

Chairman Byunghwan Son spent time communicating with all affiliates and stated, "On the occasion of the 10th anniversary of NongHyup Financial Group's launch, the holding company and affiliates will join forces to build a future foundation for the next decade, and all future strategies will be established with a customer-centric approach." Accordingly, NongHyup Financial Group plans to hold a new vision proclamation ceremony in March to present a new vision and development strategy in preparation for the upcoming 10th anniversary.

Additionally, Chairman Son emphasized, "The reason for NongHyup Financial Group's existence lies in its role as a profit center for agriculture, rural areas, and farmers," and urged, "Based on the cohesion and crisis response DNA of NongHyup Financial Group employees who have overcome various crises such as the global financial crisis and COVID-19, we will take on new challenges," and "NongHyup Financial Group should actively take the lead in realizing the people's NongHyup."

Meanwhile, the meeting also included an awards ceremony for outstanding affiliates and NongHyup Financial Group personnel in 2021. The 9th NongHyup Financial Group Personnel Awards were given to four individuals, including Center Director Seonghoon Kim of NongHyup Bank, and four departments, including the Agricultural Insurance Department of NongHyup Insurance. Center Director Seonghoon Kim was recognized for being the first at NongHyup Bank to achieve a top grade in performance evaluation for seven consecutive years and for being the first general branch to simultaneously reach 2 trillion KRW in deposits and loans. The Agricultural Insurance Department of NongHyup Insurance was highly praised for achieving the highest performance since the launch of the crop disaster insurance business and for reducing retained risks related to national reinsurance. The four award recipients of the NongHyup Financial Group Personnel Awards were also honored with special promotions and salary increases.

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