NongHyup Financial Group Holds Risk Management Workshop for First Half of the Year

Discussion on Risk Factor Response Plans by Subsidiary

NH Nonghyup Financial Group announced on the 4th that it held a first half risk management workshop on the 2nd.

The risk management workshop, held at the NH Human Resources Development Center in Goyang, Gyeonggi Province, was organized to strengthen proactive response capabilities to financial market volatility and economic instability. About 50 chief risk officers (CROs) and risk management practitioners from Nonghyup Financial affiliates attended.

During the workshop, information sharing and discussions took place within the group’s risk management division. Hwang Tae-sik, F1 Consulting Partner (former Deputy Director of the Financial Supervisory Service), gave a special lecture on the topic of “Risk Factors and Risk Management Directions for Financial Companies in the Second Half of the Year.” The discussion focused on asset soundness management and the second half management plans for key risk factors by each affiliate.

Kang Shin-no, Vice President in charge of risk at Nonghyup Financial, emphasized, “The macroeconomic environment remains uncertain due to sluggish exports, and especially with the continued high interest rates, the risk in vulnerable sectors such as real estate is likely to materialize.” He urged, “Each affiliate should prioritize soundness management as the top task.”

Nonghyup Financial stated that it plans to continue monitoring vulnerable assets such as real estate project financing (PF) and marginal companies, strengthen liquidity risk management in preparation for market volatility, and expand loss absorption capacity to respond to risk factors in the second half of the year.

Employees of NH Nonghyup Financial Group are posing for a commemorative photo at the first half risk management workshop held on the 2nd. Photo by Nonghyup Financial Group

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