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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.

Finance

NH NongHyup Financial to launch 100 billion won co-growth fund 2 to expand investment in regional materials, parts, equipment and vendors

NH NongHyup Financial Group will create a 100 billion won fund to invest in regional specialised industries and supply-chain companies. The blind fund, tentatively named NH Korea Co-Growth Fund 2, will be managed by NH-Amundi Asset Management. It will be financed with internal group funds contributed by major affiliates including NH NongHyup Bank, NH NongHyup Life Insurance, NH NongHyup Property & Casualty Insurance, NH Investment & Securities and NH NongHyup Capital.