NH Nonghyup Bank to Raise 400 Billion KRW Through Rights Offering for Competitiveness Enhancement
NH Nonghyup Bank will carry out a rights offering worth 400 billion KRW, allocated to shareholders, in order to secure operating funds.
On May 22, NH Nonghyup Bank announced via a regulatory filing that its board of directors had resolved to allocate the entire rights offering to NH Nonghyup Financial Group, which holds 100% of the bank's shares.
The new shares will consist of 7,843,137 common shares, with an issue price of 51,000 KRW per share. The record date for the allocation of new shares is June 9.
A company official stated, "The purpose of the capital increase is to improve our capital ratio and strengthen our business competitiveness," adding, "We aim to reinforce our core role in profit generation within the broader Nonghyup group."
Hot Picks Today
If They Fail Next Year, Bonus Drops to 97 Million Won... A Closer Look at Samsung Electronics DS Division’s 600M vs 460M vs 160M Performance Bonuses
- Opening a Bank Account in Korea Is Too Difficult..."Over 150,000 Won in Notarization Fees Just for a Child's Account and Debit Card" [Foreigner K-Finance Status]②
- President Lee Orders Thorough Investigation and Safety Inspection of Rebar Omission in GTX-A Samsung Station Section
- Room Prices Soar from 60,000 to 760,000 Won and Sudden Cancellations: "We Won't Even Buy Water in Busan" — BTS Fans Outraged
- "Who Is Visiting Japan These Days?" The Once-Crowded Tourist Spots Empty Out... What's Happening?
President Kang Taeyoung has operated task forces in six divisions?including interest income, fee income, and fund management income?since the beginning of his term, with the goal of enhancing profitability and efficiency.
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
!["Please Help Us": How Much Do Those Bowing 90 Degrees These Days Actually Earn? [Data Pick]](https://cwcontent.asiae.co.kr/asiaresize/307/2026052010120870131_1779239528.png)
