NongHyup Asset Management Company Holds Opening Ceremony for 'Yeongnam Regional Management Center'

Efficient Management of Fixed Low-Pressure Systems in the Yeongnam Region

[Asia Economy Yeongnam Reporting Headquarters Reporter Yoonjung Cho] NongHyup Asset Management Corporation held an opening ceremony for the 'Yeongnam Regional Management Center' on the 15th to professionally manage non-performing loans secured by collateral across the NongHyup network.

The 'Yeongnam Regional Management Center' was established to efficiently manage the increasing fixed non-performing loans in the Gyeongnam and Gyeongbuk regions, which have risen due to the prolonged economic downturn in the Busan, Ulsan, and Gyeongnam (Bu-Ul-Gyeong) area over recent years.

NongHyup Asset Management Corporation held an opening ceremony for the 'Yeongnam Regional Management Center' in Changwon Special City, Gyeongnam.
[Image provided by Gyeongnam NongHyup]

The event, held at Syntec Tower in Seongsan-gu, Changwon Special City, Gyeongnam, was attended by numerous executives including the CEO of NongHyup Asset Management Corporation, Baek Seung-jo, Audit Committee member of NongHyup Central Association, Kim Ju-yang, Head of Gyeongnam NongHyup Headquarters, Cho Geun-soo, Head of NH NongHyup Bank Gyeongnam Headquarters, and Kim Gap-moon, Head of Changwon City Branch.

The Yeongnam Regional Management Center of NongHyup Asset Management Corporation plans to continuously cooperate with NongHyup within the region to not only reduce the delinquency rate of mutual finance through prompt recovery of secured loan claims but also to enhance profitability.

CEO Ham Yong-moon stated, “It is highly meaningful to establish the first regional management center, and we will spare no support to help it settle stably so that it can play a significant role in improving the overall health of the NongHyup network in the future.”

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