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Finance

NH NongHyup Financial to pool bank, brokerage and asset management strength to boost retirement pensions

NH NongHyup Financial said on Sunday it will strengthen its groupwide retirement pension business by linking the capabilities of its banking, brokerage and asset management affiliates. It plans to expand the scope of pension services by improving digital pension management convenience and using its agriculture, rural and local community networks. The group cited returns posted by NH NongHyup Bank and NH Investment & Securities, and said it will also use NH-Amundi Asset Management\'s global investment capabilities.

Finance

NH NongHyup Financial first-half net profit rises 9.2 percent to 1.78 trillion won

NH NongHyup Financial Group posted a record first-half net profit of 1.78 trillion won, up 9.2 percent from a year earlier, supported by growth in both interest and non-interest income. Operating profit rose 14.0 percent to 3.2 trillion won. NH Investment & Securities more than doubled profit, while bank and insurance units saw declines. Credit loss provisions and selling and administrative expenses increased.

Finance

NH NongHyup Financial pushes to run \'NH Finance Hub\' in North Jeolla

NH NongHyup Financial Group plans to build a groupwide comprehensive financial support system for strategic industries in North Jeolla province. In line with the government\'s \"5 poles, 3 special zones\" balanced growth policy, it selected North Jeolla as its second theme region after the southeast. The group plans to launch an \"NH Finance Hub\" in the third quarter alongside opening an NH-Amundi Asset Management office in Jeonju to support agrifood, physical AI and renewable energy industries.