NH Nonghyup Financial Group held its third meeting of the 'Productive and Inclusive Finance Special Committee' on July 30, reviewing plans to expand local-focused productive and inclusive finance in the second half of 2026.
About 50 executives and department heads from all subsidiaries of Nonghyup Financial attended the meeting, chaired by Chairman Lee Chan-woo. The committee selected the 'Local Finance Project' as the fourth initiative under NH Productive Finance and resolved to expedite its implementation.
In the first half of 2026, Nonghyup Financial supplied 11.9 trillion won in productive finance and 2.1 trillion won in inclusive finance, achieving a progress rate exceeding 70% based on internal management standards. Key achievements in the inclusive finance sector included the launch of loan products for vulnerable groups, the establishment of a preferential interest rate system for NH Inclusive Finance, the cancellation and reduction of overdue debts totaling 9.276 trillion won across the entire Nonghyup system, and the provision of free compensation insurance for voice phishing victims.
In the productive finance sector, highlights included the opening of the Southeast Region 'Comprehensive Support Center for Marine, Aviation, and Defense Industries,' the joint establishment of the NH Co-Prosperity Growth Fund with 500 billion won, and the selection of a project for the National Growth Fund related to AI data center development.
For the second half of the year, key initiatives include the establishment of the 'NH Miso Finance Foundation' (tentative name), support for village enterprises through special contributions to local credit guarantee funds, plans for IMA issuance, expansion of venture capital and agricultural investment funds, support for specialized industries through the 'NH Financial Hub' in Jeonbuk, and the creation of follow-up funds for the NH Co-Prosperity Growth Fund. Attention is focused on whether the local finance project in the second half will lead to tangible economic recovery in the region.
Chairman Lee Chan-woo emphasized, "Nonghyup Financial, being more community-friendly than other financial institutions, must expand productive and inclusive finance that the public and businesses can truly feel. All employees of Nonghyup Financial should play a leading role in revitalizing the local economy."
About 50 executives and department heads from all subsidiaries of Nonghyup Financial attended the meeting, chaired by Chairman Lee Chan-woo. The committee selected the 'Local Finance Project' as the fourth initiative under NH Productive Finance and resolved to expedite its implementation.
In the first half of 2026, Nonghyup Financial supplied 11.9 trillion won in productive finance and 2.1 trillion won in inclusive finance, achieving a progress rate exceeding 70% based on internal management standards. Key achievements in the inclusive finance sector included the launch of loan products for vulnerable groups, the establishment of a preferential interest rate system for NH Inclusive Finance, the cancellation and reduction of overdue debts totaling 9.276 trillion won across the entire Nonghyup system, and the provision of free compensation insurance for voice phishing victims.
In the productive finance sector, highlights included the opening of the Southeast Region 'Comprehensive Support Center for Marine, Aviation, and Defense Industries,' the joint establishment of the NH Co-Prosperity Growth Fund with 500 billion won, and the selection of a project for the National Growth Fund related to AI data center development.
For the second half of the year, key initiatives include the establishment of the 'NH Miso Finance Foundation' (tentative name), support for village enterprises through special contributions to local credit guarantee funds, plans for IMA issuance, expansion of venture capital and agricultural investment funds, support for specialized industries through the 'NH Financial Hub' in Jeonbuk, and the creation of follow-up funds for the NH Co-Prosperity Growth Fund. Attention is focused on whether the local finance project in the second half will lead to tangible economic recovery in the region.
Chairman Lee Chan-woo emphasized, "Nonghyup Financial, being more community-friendly than other financial institutions, must expand productive and inclusive finance that the public and businesses can truly feel. All employees of Nonghyup Financial should play a leading role in revitalizing the local economy."
* This article has been translated by AI.
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