Namseoul Nonghyup Awarded for Achieving 2.7 Trillion KRW in Mutual Finance Deposits

Ahn Yong-seung, President of Namseoul Nonghyup (left), and Hwang Jun-gu, Head of Nonghyup Seoul Regional Headquarters, are taking a commemorative photo celebrating the achievement of 2.7 trillion won in mutual finance deposits.

[Asia Economy Reporter Lee Gwan-joo] Namseoul Nonghyup announced on the 7th that it received the 'Mutual Finance Deposit Achievement Tower for Reaching 2.7 Trillion KRW.'

Namseoul Nonghyup achieved the remarkable feat of reaching 2.7 trillion KRW in mutual finance deposits, ranking 5th among 1,115 agricultural and livestock cooperatives nationwide, just six months after reaching 2.5 trillion KRW in mutual finance deposits in February this year.

Since 2004, Namseoul Nonghyup has been leading efforts for urban-rural coexistence by providing 160.8 billion KRW in interest-free advance payments to mountain-area agricultural cooperatives and supporting farming materials and agricultural machinery worth 710 million KRW since 2017 to practically support mountain-area farmers.

An Yong-seung, Chairman of Namseoul Nonghyup, said, “This valuable achievement was made possible by the efforts of all employees despite the many difficulties in carrying out business due to COVID-19. We will continue to promote the sustainable growth of the mutual finance business and devote ourselves to fulfilling the role of an urban agricultural cooperative by returning the fruits gained through this to various support projects for the development of agriculture and rural areas.”

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