NH Nonghyup Life Insurance, Financial Arrangement for Defense Broadband Integrated Network Construction Project (BTL)

A commemorative photo is being taken to celebrate the financial agreement ceremony for the next-generation Defense Wideband Integrated Network construction project. From the right, Kim Jang-seop, Vice President of NH Nonghyup Life Insurance; Heo Tae-jun, Head of KT Corporation; Lee Moon-seok, Vice President of Woori Bank; and Choi Kwang-jin, Vice President of Industrial Bank of Korea, attended.

[Asia Economy Reporter Changhwan Lee] NH Nonghyup Life Insurance announced on the 25th that it signed a financial agreement with KT at Lotte Hotel Seoul for the Defense Wideband Integrated Network Construction Project (BTL).

The Defense Wideband Integrated Network Construction Project aims to build and operate a military communication private network for over 2,300 units across the entire army to improve the network and enhance security through the introduction of the latest technology. The project includes the installation of new cables totaling 11,588 km in length, replacement of transmission network equipment, and the construction of an integrated network system and management center.

The total scale of this project is 600 billion KRW, with NH Nonghyup Life Insurance, Woori Bank, and IBK Industrial Bank acting as financial arrangers, and a total of seven financial institutions including banks and insurance companies participating in the investment.

NH Nonghyup Life Insurance is the only insurance company among the three financial arrangers. In domestic project financing (PF), banks usually handle the arrangement tasks, but in this project, NH Nonghyup Life Insurance participated from the bidding stage and jointly carried out practical arrangement tasks such as financial structure negotiation and investor attraction.

Jangseop Kim, Vice President of Asset Management Division at NH Nonghyup Life Insurance, said, “This project is a meaningful investment that can contribute to strengthening national defense as it involves building core military facilities,” and added, “We will continue to expand investments that align with public interests, such as ESG-targeted projects and infrastructure facilities.”

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