NongHyup Bank Signs Win-Win Finance Agreement in Foreign Exchange Sector with National Merchants Federation
Support for Preferential Exchange Rates and More
NH NongHyup Bank announced that it has signed a "Win-Win Finance Business Agreement in the Foreign Exchange Sector" with the National Merchants Federation to support small business owners in overcoming crises.
Through this agreement, NongHyup Bank will provide preferential exchange rates to 700,000 small business owners operating in traditional markets and shopping districts to help strengthen their export and import competitiveness. The bank will also offer education and consulting services covering the entire export and import process, including customs clearance and payment settlements.
Jo Janggyun, Head of the Foreign Exchange Department at NongHyup Bank, who participated in the signing ceremony, stated, "We aim to provide customized win-win financial services to small business owners struggling due to sluggish domestic demand and exchange rate fluctuations." He added, "NongHyup Bank will continue to grow together with our customers through practical financial support."
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Meanwhile, this year, NongHyup Bank established a Foreign Customer Business Division as part of its organizational restructuring, and has been working to strengthen its comprehensive financial services for foreigners and its foreign exchange business.
On the 25th, at Motgol Market in Suwon, Gyeonggi Province, Jo Janggyun, Head of Foreign Exchange Department at NongHyup Bank (from the left), and Lee Choonghwan, President of the National Merchants Federation, signed a business agreement for win-win finance in the foreign exchange sector. Provided by NH NongHyup Bank
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