| Mobile Web

Search results for National Agricultural Cooperative Federation

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 Cooperative Federation chairman to be elected by direct vote from 2028

The election for the chairman of South Korea\'s National Agricultural Cooperative Federation will shift to a direct vote from 2028, with about 1.87 million members nationwide participating. The Democratic Party and the government announced the plan on Tuesday after a party-government meeting. The system will replace an indirect vote by 1,110 cooperative heads with a one-member, one-vote format to broaden representation and prevent vote-buying. The chairman\'s term will be shortened to three years from four.

Finance

Fintech hot issue: Financial markets sway on high oil prices and weak won; refinancing loan war breaks out

Financial market jitters in South Korea are growing as the Middle East war drags on, pushing oil prices higher and strengthening the dollar. The won has risen above 1,500 per dollar, near the highest level in about 17 years, while foreign outflows add to volatility in the KOSPI. Separately, banks, internet-only lenders and fintech platforms are intensifying competition for sole proprietor refinancing loans as infrastructure opens up.