Chairman Kang Hodong of NongHyup Central Union Inspects NongHyup Financial Group's Overseas Branches in New York

Visit to NongHyup Bank and NH Investment & Securities Branches in New York
Expressing Commitment to Expanding Local Presence

Kang Hodong, Chairman of NongHyup Central Union, visited the NongHyup Bank New York Branch in Manhattan, New York, and the NH Investment & Securities New York Corporation on the 23rd (local time), where he received business reports and reviewed the current status of overseas operations.

This on-site management activity was organized to share the major achievements of the NongHyup Bank New York Branch and NH Investment & Securities New York Corporation, which serve as core bases for NongHyup Financial Group's affiliates in the United States, and to explore future strategic directions for global financial business.

Since its opening in 2013, the NongHyup Bank New York Branch has been expanding its investment banking (IB) foundation, focusing on corporate and trade finance. This year, the branch plans to focus on diversifying its portfolio around high-quality assets, expanding local funding channels, and strengthening internal controls.

Kang Hodong, Chairman of NongHyup Central Union, held a meeting with employees on the 23rd (local time) at the NongHyup Bank New York Branch located in Manhattan, New York, USA. Provided by NongHyup Financial Group

Since its establishment in 1992, NH Investment & Securities New York Corporation has been enhancing its global competitiveness through brokerage of U.S. and Korean stocks, IB business, and new business planning. In 2025, it plans to diversify its business capabilities by advancing its brokerage infrastructure, securing additional licenses, and making strategic investments.

NongHyup Financial Group plans to develop its New York branches, located in the global financial hub, into profit centers for its global business by establishing mid- to long-term strategies and focusing on strengthening its global investment banking competitiveness. The group will also consider the long-term expansion of its affiliates, enhance cooperation between banking and non-banking sectors, and strengthen the competitiveness of its U.S. operations through synergy between NongHyup Financial Group and its economic holding company affiliates.

Chairman Kang emphasized, "New York is the hub of the global financial market," and urged, "For NongHyup Financial Group to create synergy at the center of the world’s finance, the bank and securities divisions must strengthen their collaborative framework and grow into a global financial base that achieves both stability and profitability through locally tailored business models."