Search results for National Agricultural Cooperative Federation
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.
Finance
Second phase of public agency relocations raises tension in South Korea\'s financial sector
South Korea is stepping up discussions on a second phase of relocating public agencies out of the Seoul area, raising the possibility that major financial institutions, including policy lenders, could be moved. The government is considering selecting targets through a full survey and pursuing phased relocations from as early as 2027. The financial sector is watching whether Korea Development Bank is included. The finance union is calling for the plan to be halted and has launched a joint task force.
