KCGS Gives NongHyup Financial Group ‘A+’ Grade in Corporate Governance Assessment
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KCGS Gives NongHyup Financial Group ‘A+’ Grade in Corporate Governance Assessment
NongHyup Bank President Visits New Growth Companies

26(Sun), Nov, 2023

Chairman Lee Suk-joon of NongHyup Financial Group and President Lee Suk-yong of NongHyup Bank pose for a photo while attending a ceremony to declare the future vision of NH All-One Bank, in celebration of topping 10 million in the number of customers at NongHyup Financial Group headquarters in Jung-gu, Seoul, on Nov. 14. 

KCGS Gives NongHyup Financial Group ‘A+’ Grade in Corporate Governance Assessment

NongHyup Financial Group received an A+ rating in a corporate governance evaluation from the Korea Institute of Corporate Governance and Sustainability (KCGS).

NongHyup Financial Group announced on October 30 that it received an A+ grade for the holding company and an A grade for all NongHyup affiliates in the 2023 Financial Company Governance Assessment published by the KCGS on October 27. 

 The KCGS discloses ESG evaluation results but evaluates unlisted financial companies only in the governance sector and announces the results.

A NongHyup Financial Group representative explained that the financial group received high scores in items such as the board’s ESG strategy and climate risk review and the roles of executives in this regard.

NongHyup Financial Group was also praised for its systematic corporate governance for ESG management at the group level with the group and all of its affiliates, receiving high ratings (grade A or higher).

“NongHyup Financial Group is advancing its ESG management by establishing a new ESG vision and carrying out development tasks,” the representative said. 

“We will set up a sustainable growth system by pursuing new values for ESG and further contribute to agriculture, rural areas, and national development by fulfilling our environmental, social, and economic responsibilities.”

NongHyup Bank President Visits New Growth Companies

NongHyup Bank announced that Lee Seok-yong, president of NongHyup Bank, visited EcoPro BM, a company specializing in anode materials located in Cheongju City, Chungbuk Province, on Oct. 17.

EcoPro BM is recognized internationally for its technology and competitiveness in the development and production of cathode materials with mass production technology accumulated over 10 years. 

It is a specialist in cathode materials. For example, EcoPro BM applied high-nickel cathode materials to EV batteries for the first time in the world. 

“We hope that EcoPro BM will continue to grow as a world-class cathode material specialist in the future,” Lee said. “Nonghyup Bank will spare no effort to support new growth companies.”

NH Financial Group Chairman Lee Suk-joon poses for a photo with Jongno-gu Mayor Jung Mun-hyun in a ceremony to deliver agricultural product packages to marginalized people on Sept. 20. (Photo: NH Financial Group)

NH Financial Group Delivers Gift Packages to Marginalized People for Chuseok Holidays 

NH Financial Group announced on Sept. 21 that it delivered agricultural product packages to marginalized people for the Chuseok holidays. 

On the previous day, NH Financial Group Chairman Lee Suk-joon and Jongno-gu Mayor Jung Mun-hyun held a ceremony to deliver the agricultural product packages at Jongno-gu Office in Seoul. 

They also visited homes of senior citizens in Changshin-dong, exchanged pleasantries and delivered the heart-warming packages.

According to NH Financial Group, the packages, which consisted of homegrown rice, instant boiled rice sets, and easy-to-cook meal kits, were delivered to 300 low-income families and home-alone senior citizens living in Jongno-gu.

“Ahead of the Chuseok holidays, NH Financial Group plans to carry out large-scale social contribution activities for the underprivileged in local communities in cooperation with affiliates such as NongHyup Bank, NongHyup Life Insurance and NongHyup Investment & Securities and local governments,” the financial group said. 

“We hope that everyone will enjoy happy holidays with the little gifts that we have prepared for Chuseok,” Chairman Lee said. 

“We will continue to carry out social contribution activities for local communities by examining various aspects of society.”

Promotion of Internal Communications at NongHyup Life Insurance 

NongHyup Life Insurance held the 3rd Nongsaeng Tongtong Campaign for 2023 on Oct. 18. 

The event aimed to bring innovation to the company’s organizational culture through informal communications between employees and executives.

The event was attended by Yoon Hae-jin, CEO of NongHyup Life Insurance; the head of the Management Support Division; and employees of the MZ Generation. 

The walk was held starting from the headquarters before walking to the Hongjecheon Autumn Flower Trail. 

The Hongjecheon Autumn Flower Trail is part of a project to create green spaces in the city center. NongHyup Life Insurance donated flowers worth 30 million won in order to build the trail through an MOU with Seodaemun-gu Office in July.

Special Lecture Program for NH Investment & Securities’ VIP Customers

NH Investment & Securities announced on Sept. 20 that it opened the 21st course of the 21st Special Lecture Program for Senior Citizens, a premium education program for VIP customers at Choi Byung-oh Hall at Seoul National University.

The program was jointly developed by NH Investment & Securities’ Research Center, a top research institute in the field of lifelong asset management and retirement planning, and Seoul National University’s Center for Old Age and Retirement Planning, for outstanding customers in their 50s and 60s shortly before and after retirements. 

NH Investment & Securities prepared an opening lecture on the topic of the present and future of bionics and artificial intelligence by Professor Emeritus Kim Sung-joon of Seoul National University’s Department of Electrical and Computer Engineering. 

Professor Choi Jae-bung of Sungkyunkwan University spoke about survival strategies in the digital era changed by ChatGPT.
Professor Cho Young-tae of Seoul National University School of Public Health delivered a lecture under the theme of demography as a tool to change the future.

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