NongHyup Financial Group Holds 2022 Second Half Management Strategy Meeting

Emphasizing Organizations Turning Crises into Opportunities Amid Internal and External Changes
Urging Focus on Risk Management and Solid Management in the Second Half

NongHyup Financial Group held the second half of 2022 management strategy meeting on the 15th at NH Talent Center located in Goyang, Gyeonggi Province. Son Byung-hwan, Chairman of NongHyup Financial Group (fifth from the left), and the representatives of the subsidiaries selected as outstanding affiliates in the first half are taking a commemorative photo after the awards ceremony for excellent subsidiaries.

[Asia Economy Reporter Sim Nayoung] NH Nonghyup Financial Group held the '2022 Second Half Management Strategy Meeting' on the 15th at the NH Talent Center in Goyang, Gyeonggi Province. At this meeting attended by Chairman Son Byunghwan, affiliate representatives, all executive officers, and heads of sales divisions, Nonghyup Financial shared a review of the first half performance and directions for the second half management strategy.

Chairman Son emphasized, "The second half will be a period where opportunities and crises coexist due to changes in the internal and external environment," and stated, "Nonghyup Financial must become an organization that turns these crises into opportunities." He also urged, "In the second half, we will focus more on risk management and sound management while simultaneously practicing sustainable management."

At the 2022 First Half Outstanding Affiliates and Offices Awards Ceremony held on the same day, Chairman Son Byunghwan presented awards to a total of seven companies (Nonghyup Bank, Nonghyup Life Insurance, Nonghyup Property & Casualty Insurance, NH-Amundi Asset Management, Nonghyup Capital, NH Savings Bank, NH Nonghyup REITs Management).

Subsequently, nine offices (across seven categories), including the Credit Supervision Department of NH Nonghyup Bank (Risk category), were selected as outstanding offices for the first half of 2022. The Credit Supervision Department of NH Nonghyup Bank was highly recognized for establishing a digital process for credit evaluation and credit supervision.

Additionally, under Chairman Son’s leadership, a total of seven future strategy research discussion sessions were held over the past month with young employees responsible for the relevant tasks to establish post-pandemic survival strategies. Among them, the case of NH Investment & Securities Operations Division's "Voluntary Entry into the Carbon Emission Rights Market" was selected as an excellent case and shared during the discussion sessions.

Former Financial Services Commission Chairman Lim Jongryong, who served as the third chairman of Nonghyup Financial Group, recently gave a special lecture on the current economic situation and challenges of the financial industry, analyzing the new government's financial policies and suggesting directions for financial companies.

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