NH Nonghyup Financial Group said on March 15 it will launch community-based financial support to help village enterprises become self-reliant and grow.

It will set village enterprises, one type of social economy company centered on local communities, as a key partner. It will focus on building an integrated financial and non-financial support system through cooperation with local governments and regional credit guarantee foundations.

It has already signed agreements with Gyeonggi Province and South Gyeongsang Province and is operating agreement loans for social economy companies. Based on local government funds, interest subsidy support and guarantees from credit guarantee foundations, it is easing funding burdens for companies with limited access to finance.

As of end-February 2026, agreement loans for social economy companies totaled 253 cases with 1.91 billion won outstanding in Gyeonggi Province and 33 cases with 269,800,000 won outstanding in South Gyeongsang Province. That was a combined 286 cases with 2.18 billion won outstanding.

Nonghyup Financial plans to use its network built across cities and counties nationwide to strengthen its cooperation framework with local governments and regional credit guarantee foundations.

Along with financial support such as guarantees and interest subsidies, it plans to provide non-financial support in parallel. This includes management consulting for village enterprises, strengthening product competitiveness and supporting market development through local Nonghyup cooperatives and the central federation.

It plans to create an environment in which village enterprises can reduce initial funding burdens and stably create local jobs.

Lee Chan-woo (이찬우), chairman of NH Nonghyup Financial Group, said, "Growing together with local communities based on the spirit of agriculture is Nonghyup Financial's essential mission." He added, "Ahead of the enforcement of the Village Enterprise Act, we will build an inclusive finance model in which public support and private finance are in harmony."

He added, "We will strengthen field-focused support so that village enterprises can grow into a solid backbone of the local economy."