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Finance

NH NongHyup Financial launches \'NH Financial Hub\' in North Jeolla to support affiliates\' comprehensive finance

NH NongHyup Financial Group launched an \'NH Financial Hub\' in North Jeolla Special Self-Governing Province, bringing together the capabilities of its banking, insurance, securities and asset management affiliates. The group said the hub aligns with the government\'s \'5 poles and 3 special zones\' balanced growth policy and will provide comprehensive financial services for local future strategic industries and companies. It also plans special contributions to regional guarantee funds and will expand cooperation with the National Pension Service and Jeonbuk National University.

Finance

NH NongHyup Financial introduces management plan review for first time to check second-half strategy

NH NongHyup Financial Group introduced a “management plan review” for the first time to recheck business plans set early this year and discuss second-half targets and its 2027 growth strategy. The group held a second-half management strategy meeting on Aug. 7 attended by the chairman, subsidiary CEOs and executives. It reviewed gaps between plans and results, responses to market changes and underperformance, and discussed profit structures, risks, capital and liquidity use, and a One-Firm cooperation push.

Finance

Finance union actions spread amid wage disputes and opposition to relocation

Collective action by finance-sector unions is spreading in South Korea. At KakaoBank, a dispute over performance rewards and wage increases has escalated into a strike, with about 700 members joining a one-day walkout in a “logout day” format. Separately, unions at NH Nonghyup and state-run policy banks are stepping up opposition to a second phase of the government’s plan to relocate public institutions outside the capital region.