NH NongHyup Bank Signs 1.5 Trillion Won Financial Cooperation Agreement with LIG Nex1

Providing Financial Support and Services for Three Years

NH NongHyup Bank announced on the 15th that it had signed a "Financial Cooperation Agreement for the Advancement of the K-Defense Industry" with LIG Nex1 at its headquarters in Jung-gu, Seoul. This agreement was signed with the goal of establishing an organic cooperation system between the two companies and strengthening the development of the national defense industry.

Under this agreement, NongHyup Bank will provide financial support totaling 1.5 trillion won over the next three years and will offer a variety of financial transactions to support LIG Nex1's technology development, facility investment, and overseas market expansion.

Eom Eulyong, Executive Vice President of Corporate Finance Division at NongHyup Bank, said, "We will be a reliable financial partner for the continued growth of LIG Nex1, a leading K-defense company," adding, "Starting with this agreement, we will expand customized financial support for the defense industry to LIG Nex1's partner companies as well, so that we can grow together with our clients."

Meanwhile, in April, NongHyup Bank also signed a business agreement with the Defense Industry Mutual Aid Association to support the globalization of defense companies by issuing guarantees and providing financial support to member companies of the association.

On the 14th, at the NongHyup Bank headquarters in Jung-gu, Seoul, Eom Eulyong, Executive Vice President of Corporate Finance Division at NongHyup Bank (third from the right), and Ahn Ikseong, CFO of LIG Nex1 (fourth from the right), signed a financial cooperation agreement. NH NongHyup Bank