NH NongHyup Bank said April 28 it was selected as the main bank for Korail Retail, a public institution under the Ministry of Land, Infrastructure and Transport, after winning an open bidding process.
The main-bank agreement ceremony was held the previous day at Korail Retail’s headquarters in Seoul’s Yeongdeungpo district. Attendees included Lee Young-woo, executive vice president and head of NH NongHyup Bank’s Agriculture · Public Finance Division, and Park Jeong-hyeon, Korail Retail’s CEO, along with other officials.
Under the agreement, NH NongHyup Bank will handle key financial services for Korail Retail through the end of March 2031, including managing operating funds, supporting corporate card operations and providing financial services for employees.
Lee said the bank will provide stable and efficient financial services through cooperation with Korail Retail and will continue strengthening its financial support capabilities for public institutions.
* This article has been translated by AI.
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