NongHyup Financial Donates 100 Million Won to Support Carbon Reduction in Agriculture Sector

‘NH Amundi Green Korea Fund’ Formation Fund
Selection and Support of Excellent Carbon Reduction SMEs

NongHyup Financial Group donated 100 million KRW to support small and medium-sized enterprises in the agricultural sector that have made efforts to reduce carbon emissions.

Lee Seok-jun, Chairman of NH Nonghyup Financial Group (left), and Ahn Ho-geun, President of the Korea Agricultural Technology Promotion Agency, are posing for a commemorative photo at the fund transfer ceremony supporting outstanding small and medium-sized enterprises in carbon reduction in the agricultural sector, held on the 26th at the Nonghyup headquarters in Jung-gu, Seoul. Photo by Nonghyup Financial

On the 26th, NongHyup Financial announced on the 27th that it held a fund transfer ceremony at the NongHyup headquarters in Jung-gu, Seoul, with the Korea Agricultural Technology Promotion Agency (Nongjinwon) and NH-Amundi Asset Management, donating 100 million KRW to establish the ‘NH Amundi Green Korea Fund’.

Nongjinwon plans to select and support outstanding SMEs in the agricultural sector that have reduced carbon emissions using the NH Amundi Green Korea Fund endowment.

The ceremony was held as part of NongHyup Financial’s ‘Green Solution Lab’ project, which supports the activation of Nongjinwon’s ‘External Project for Emissions Trading in the Agricultural Sector.’ The external project for emissions trading in the agricultural sector is a program that grants carbon emission rights to farms that reduce greenhouse gases by applying 17 types of low-carbon agricultural technologies. Through the Green Solution Lab project, NongHyup Financial promotes Nongjinwon’s external projects and provides financial services such as policy fund loans, insurance, and carbon emission rights trading support to farms practicing low-carbon agriculture.

Lee Seok-jun, Chairman of NongHyup Financial, said, “Establishing a sustainable agricultural foundation is the fundamental role and specialized area of NongHyup Financial,” adding, “We will promote various new businesses to achieve carbon neutrality in the agricultural sector and strengthen cooperation with Nongjinwon.”

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