Nonghyup Finance to provide 13.8 trillion won to the Korean version of the New Deal by 2025



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On the 3rd, NH Nonghyup Financial Group announced a plan to support a total of 13.8 trillion won through loans and investments by 2025 in line with the Korean version of the New Deal.

This support is promoted by consolidating the capabilities of all Non-Bank Finance affiliates, including non-bank affiliates such as banks, securities and asset management.

Accordingly, KRW 1.2 trillion in the field of the new digital deal, such as fostering new businesses and building a big data platform in the agricultural field, KRW 12 trillion in the field of the new green deal, such as the rural solar energy business and the new renewable energy business, and the expansion of green smart agricultural loans, digital devices for information vulnerable groups. In the field of strengthening safety nets such as supply, 600 billion won will be invested.

In detail, in the field of the new digital agreement, the establishment and advancement of the big data platform, the establishment of a non-face-to-face sales system for 24 hours and 365 days, investment in infrastructure for Nonghyup Financial Digital Transformation (DT), the development of startups and the training of digital talent (2300 by 2025) Madrugada). In addition, he plans to invest in innovative new digital businesses, such as building a digital ecosystem, such as building a big data platform in the agricultural field, my data business, and a digital healthcare platform.

In the Green New Deal, the company plans to revitalize the rural solar business, foster green businesses, support smart and green agricultural farmers and agri-food businesses, invest in new and renewable energy, and establish an ESG management system.

In the field of strengthening the safety net, support measures were prepared such as the operation of products to close the digital information gap, support for the supply of digital devices for the class vulnerable to information, crowdfunding for farmers and financing for the purchase of food for cattle farms.

In particular, it plans to promote the “greening of agriculture” by utilizing the capabilities and strengths of agricultural industry financing that only Nonghyup Finance has. A total of 5 trillion won will be provided to agri-food businesses, such as green smart agriculture farms and green processing and distribution companies by 2025.

In addition, it will provide a total of 4.6 trillion won in new loans by 2025 to agri-food companies, such as distribution and processing of organic agricultural products.

NH-Amundi Asset Management, a subsidiary of Nonghyup Finance, established the NH-Amundi 100-Year Green Korea Fund by securing an initial operating fund of 40 billion won to promote public participation in the K-New Deal and revitalize the investment in the green environment industry. Published.

This fund is a fund that analyzes sustainability in terms of environment (E), social role (S) and governance (G), in addition to corporate financial factors. Among ESGs, the company focuses on investments related to the environment and plans to accumulate 20% of operating fees as a public benefit fund and use it to support social contribution activities and public service projects.

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