On June 11, NH Nonghyup Financial announced that it held a New Business Promotion Meeting on June 10, chaired by Im Do-gon, head of the Growth Strategy Division.
The meeting was organized to proactively respond to changes in government renewable energy policies and to explore collaboration opportunities among group affiliates.
During the meeting, NH Nonghyup Financial outlined its strategy to take a proactive market positioning approach in line with the government's policies to expand investments and loans in renewable energy. This initiative aims to secure a long-term corporate credit foundation for the group and enhance profitability. According to the government's 11th Basic Plan for Power Supply and Demand, the share of coal power is expected to decrease from 27% in 2023 to 8% by 2038, while the share of renewable energy is projected to increase from 22% to 47%.
Additionally, the group plans to disseminate successful cases of new business initiatives, such as climate and carbon finance from its subsidiaries, including banking and securities, and actively support the resolution of field challenges and regulatory obstacles at the holding company level.
Im Do-gon stated, "To seize the future financial market, it is crucial to closely monitor the market and act swiftly. We will enhance our collaboration system among affiliates to create tangible results that can be felt on the ground."
* This article has been translated by AI.
Copyright ⓒ Aju Press All rights reserved.