NongHyup Bank Signs Main Banking Agreement with Korail Distribution

Key Financial Services to Be Provided for Five Years Until March 2031

NH NongHyup Bank announced on the 28th that it has been selected as the main bank for Korail Distribution, a public institution under the Ministry of Land, Infrastructure and Transport, through a public bidding process.

Through this main banking agreement with Korail Distribution, NongHyup Bank will carry out key financial services for approximately five years from this month until the end of March 2031. These services include managing Korail Distribution's operating funds, supporting corporate card operations, and providing financial convenience for executives and employees.

The signing ceremony was held the previous afternoon at the headquarters of Korail Distribution in Yeongdeungpo-gu, Seoul. Key officials from both organizations, including Lee Eog-weon, Executive Vice President of Agricultural and Supply Finance Division at NongHyup Bank, and Park Junghyun, CEO of Korail Distribution, attended the event.

Executive Vice President Lee stated, "Through our cooperation with Korail Distribution, we will provide stable and efficient financial services," and added, "We will continue to strengthen our financial support capabilities for public institutions going forward."

Lee Eog-weon, Executive Vice President of Agriculture and Public Finance Division at NongHyup Bank (left in photo), and Park Jeonghyun, CEO of Korail Distribution, signed a main banking service agreement on the 27th at the Korail Distribution headquarters in Yeongdeungpo-gu, Seoul.

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