Nonghyup Financial Group Launches Productive Finance Task Force to Expand Projects

Lee Chanwoo, Chairman of NH Nonghyup Financial Group, is emphasizing the importance of productive finance at the final report meeting for mid- to long-term strategy consulting held on the 29th of last month. Provided by NH Nonghyup Financial Group

NH Nonghyup Financial Group announced on October 1 that it will establish a "Productive Finance Activation Task Force (TF)."

This organization will be responsible for identifying projects that align with policy objectives, in line with the financial authorities' TF operations. Nonghyup Financial Group plans to elevate the TF to a committee next year to strengthen its implementation capacity.

The TF will work to expand various productive finance initiatives tailored to the characteristics of each affiliate by establishing the group's strategic direction for productive finance, discovering business ideas, and coordinating among affiliates.

As the first productive finance project, NH Investment & Securities submitted an application to the financial authorities on September 29 to be designated for the Integrated Managed Account (IMA) business. Through this, the company aims to actively channel capital into productive sectors such as high-tech industries and innovative companies, thereby supporting the government's venture capital supply policy.

In addition, strategies to expand productive finance will include the development of fire insurance products exclusively for small business owners and the securitization of dormant assets.

Lee Chanwoo, Chairman of Nonghyup Financial Group, stated, "Productive finance is an essential task for the sustainable growth of the national economy. The launch of this TF, the supply of venture capital centered on IMA, and the strategy to securitize dormant assets are proactive and essential measures to both support government policy and maximize practical financial support."

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