Son Byunghwan, NH Financial Group Chairman, "Possibility of Global Economic Recession... Need to Consider Survival Strategies"

[Asia Economy Reporter Bu Aeri] Sohn Byung-hwan, Chairman of NH Nonghyup Financial Group, emphasized that "it is a time to diagnose Nonghyup Financial with a sense of crisis, such as the possibility of a global economic recession, and to contemplate the establishment of survival strategies."

On the 29th, Sohn and about 30 executives from affiliates including Nonghyup Bank, Nonghyup Life Insurance, Nonghyup Property & Casualty Insurance, and NH Investment & Securities discussed survival strategies and implementation plans for Nonghyup Financial preparing for the post-pandemic era at the "Nonghyup Financial Future Strategy Research Forum" held at the NH Nonghyup Bank headquarters in Jung-gu, Seoul.

Chairman Sohn stated, "The topic-specific promotion strategies discussed this time will not remain as mere discussions but will be managed to ensure they are definitely executed."

Since last month, Chairman Sohn has also held seven discussion sessions with practitioners from four corporations based on ten topics including ESG (Environment, Social, Governance), digital, global, asset management, and new insurance accounting standards.

At the Nonghyup Financial second half management strategy meeting held on the 15th, he emphasized risk management and sound management, urging, "Please do your best to fulfill the original role of Nonghyup Financial that rural areas and farmers expect."

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