NongHyup Financial Group Holds Kickoff Meeting for Mid- to Long-Term Strategy Consulting

On May 29, NongHyup Financial Group held a consulting kickoff meeting for the establishment of mid- to long-term strategies for NongHyup Financial at its headquarters, presided over by Vice President of Strategic Planning Lee Jaeho. Heads of strategic planning departments from the holding company and its nine subsidiaries attended the meeting.

This consulting project will be conducted until the third quarter, with participation from PwC Consulting, EY Consulting, and Samil Accounting Corporation. NongHyup Financial plans to develop strategies to strengthen its role as a profit center within the broader NongHyup organization and to achieve sustainable growth in the rapidly changing financial environment.

NongHyup Financial Group held a consulting kickoff meeting for the establishment of mid- to long-term strategies for NongHyup Financial on the 29th at its headquarters, presided over by Vice President Lee Jaeho. Provided by NongHyup Financial Group

The group will review restructuring measures focused on strengthening core competitiveness in financial businesses, improving profitability in non-banking sectors, and securing new growth engines for the future. In addition to a synergy strategy that organically connects various resources within NongHyup, the group will also examine mid- to long-term capital management plans to support profit growth and prepare for stronger capital regulations.

NongHyup Financial aims to lay the foundation for a new leap forward by thoroughly assessing the core competitiveness of its financial subsidiaries?including banking, insurance, and securities?and developing tailored strategies for each company.

Vice President Lee emphasized, "It is important to develop actionable strategies," and stressed the need for bold changes to achieve sustainable growth and customer-centric innovation.