Council Explores New Strategic Directions Amid Global Uncertainty
Focus on Expanding Presence in London, Singapore, and India
Synergy Sought Through Collaboration with Overseas Branches and Subsidiaries
NongHyup Financial Group announced on August 26 that it held the '2025 2nd NongHyup Financial Global Strategy Council' at its headquarters in Jung-gu, Seoul, presided over by Vice President Cho Jeongrae, Head of Future Growth Division.
This meeting was attended both in person and via video conference by NongHyup Financial Group's global business-related executives and overseas branch managers. The agenda included discussions on strategies for NongHyup Financial Group's global business amid rapidly changing global conditions, such as interest rate policies in advanced economies like the United States, shifts in geopolitical risks, and supply chain restructuring in the Trump 2.0 era. Participants also reviewed business performance for the first half of the year and discussed plans for the second half.
In particular, the meeting featured communication and discussion with overseas branch managers working on-site, gathering field perspectives and practical opinions regarding NongHyup Financial Group's key strategic directions.
In line with the recent final approval for the London branch of NH NongHyup Bank, NongHyup Financial Group explored ways to invigorate its investment banking business in Europe and the EMEA (Europe, Middle East, and Africa) region, which had previously been considered a weak point in its global business. The group also discussed ways to enhance synergy with NH Investment & Securities' London subsidiary.
Following the opening of the Noida branch of NongHyup Bank and the ongoing expansion of its business network in India, as well as NH NongHyup Capital's participation in the management of a joint venture specialized lending company with IFFCO, the largest fertilizer cooperative in India, the group explained that NH Investment & Securities' potential entry into the Indian market would enable NongHyup Financial Group to provide comprehensive financial services unique to the group. NongHyup Financial Group also expects that, once the bank branch is approved in Singapore in the second half of the year, synergy with NH Investment & Securities' Singapore asset management subsidiary, NH-ARP (Absolute Return Partners), will be maximized.
Vice President Cho Jeongrae, who presided over the meeting, emphasized, "In the face of uncertainty where it is difficult to predict even the near future, we must advance our business with new perspectives and bold attempts," and urged, "We need to implement NongHyup's differentiated strategies more aggressively."
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