NH Nonghyup REITs Management Signs MOU with Nonghyup Networks

Securing NongHyup Financial Competitiveness in the Alternative Investment Market

[Asia Economy Reporter Sim Nayoung] NH Nonghyup REITs Management and Nonghyup Networks announced on the 12th that they signed a Memorandum of Understanding (MOU) to expand Nonghyup Financial's market share in the alternative investment market and create synergy across the Nonghyup group.

According to this MOU, Nonghyup REITs Management will support Nonghyup Networks with various financial structure designs and financial advisory services for strategic investments, and establish a practical system with Nonghyup Networks regarding asset management of real estate purchased and managed by Nonghyup REITs Management. Through this, Nonghyup Networks will secure opportunities to enter new businesses and simultaneously promote the expansion of market share in the asset management service sector.

Nonghyup Networks successfully managed operating assets totaling 45,000 pyeong, including Bundang Square, A-One Tower, and Doji Logistics Center, operated by NH All One REITs, positively contributing to NH All One REITs' listing and stable stock price formation in November last year.

This MOU is expected to establish a model case of exemplary collaboration between the central association's affiliates and financial holding affiliates, discover concrete win-win models, expand existing business scalability, and create synergy across the Nonghyup group.

Seo Cheolsu, CEO of Nonghyup REITs Management, stated, "A foundation has been laid to create business synergy among Nonghyup group affiliates and prove Nonghyup Financial's high competitiveness and reliability in the alternative investment market." Kim Yukyung, CEO of Nonghyup Networks, also said, "Through close cooperation between the two companies, I hope both companies' capabilities will be doubled and they will leap forward as the best companies in the market."

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