Search results for NH Finance Hub
Finance
Finance network separation rules eased, fueling 140 trillion won fintech investment
South Korea\'s financial authorities expanded the scope of eased network separation rules for AI use to secondary financial institutions and electronic financial business operators. The number of firms to be selected rises to as many as 15, and eligibility thresholds are lowered. Selected institutions can use external AI and security SaaS after putting alternative controls in place. Industry expectations are mixed, with some firms cautious. Global fintech investment rose to $103.1 billion in the first half, with focus expected to shift to AI and financial infrastructure.
Finance
NH Nonghyup Financial to push regional close-to-home finance project in second half
NH Nonghyup Financial Group will promote a “regional close-to-home finance project” as a key task in the second half of the year. It plans to expand investment and lending to region-specific industries and companies and focus group capabilities on easing the financial burden of vulnerable groups and delinquent debtors. The group reviewed second-half plans at a special committee meeting in Seoul and said it supplied a total of 14 trillion won in productive and inclusive finance in the first half.
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.