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NH NongHyup Financial Group Launches 'Jeonbuk Financial Hub' in Jeonju

Finance · Financial Conglomerates · yonhap_finance · 2026-09-01

NH NongHyup Financial Group has opened a new financial hub in Jeonju to support regional strategic industries and bolster Jeonbuk's financial infrastructure.

What Happened

Hub Launch: NH NongHyup Financial Group has officially launched its Jeonbuk Financial Hub in Jeonju, aiming to act as a central pillar for regional industrial growth and the development of a third financial center in South Korea. The opening ceremony was attended by key figures including the Governor of Jeonbuk and the Chairman of NH NongHyup Financial Group.

Strategic Support: The group's subsidiaries, including banking, insurance, and securities, will collaborate to provide comprehensive financial services to Jeonbuk’s core sectors, such as agri-food, AI, and renewable energy. The initiative also focuses on expanding consulting and financial support for companies within the National Food Cluster.

Asset Management Expansion: NH-Amundi Asset Management plans to open a branch in the Jeonbuk Innovation City during the third quarter to manage funds entrusted by the National Pension Service. This move is expected to deepen the local financial ecosystem and enhance professional asset management capabilities in the region.

Economic Outlook: The Jeonbuk provincial government anticipates that this initiative will accelerate the development of the Jeonbuk International Financial Center and improve overall financial infrastructure. NH NongHyup has pledged to remain a strong partner in helping Jeonbuk emerge as a key financial and industrial hub.

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