NongHyup Financial, Accelerates Expansion of Overseas Bases in London, Singapore, and India

[Financial News] NH NongHyup Financial Group is accelerating the expansion of its overseas bases and strengthening its global strategy. 
NongHyup Financial announced on the 27th that it discussed the business performance of the first half and the business direction for the second half at the 'Second NongHyup Financial Global Strategy Meeting'.
This meeting was attended by employees related to NongHyup Financial's global business and overseas branch managers in both face-to-face and video conference formats. The meeting discussed strategies for NongHyup Financial's global business in the rapidly changing global environment, including interest rate policies of advanced countries such as the United States, changes in geopolitical risks, and the reorganization of supply chains in the Trump 2.0 era.
NongHyup Financial is seeking ways to revitalize its investment banking business in Europe and the EMEA region, which have been cited as weaknesses, in line with the recent final approval of the NH NongHyup Bank London branch. It also discussed ways to enhance synergy with the NH Investment & Securities London corporation.
NongHyup Financial is continuously expanding its business network in India following the Noida branch of NongHyup Bank. NH NongHyup Capital is participating in management in the form of a joint venture (JV) with IFFCO, the largest fertilizer cooperative in the region. 
Jo Jeong-rae, head of the Future Growth Division, said, "In the face of uncertainty that is difficult to predict, we must push forward with business through new perspectives and attempts," and urged, "We need to deploy NongHyup's differentiated strategy more aggressively."
Meanwhile, NongHyup Financial expects to maximize synergy with NH-ARP, the Singapore asset management corporation of NH Investment & Securities, if the NongHyup Bank Singapore branch receives approval in the second half. 

zoom@fnnews.com Lee Jumi Reporter