Nonghyup Bank to enhance its global networks

[Courtesy of Nonghyup Bank]

Nonghyup Bank Co. plans to step up its expansion in global regions, including the United Kingdom and Singapore, as part of a shift toward new driving engines of growth. The Seoul-based bank has set an earnings goal of 100 billion won ($75.3 million) from its global business by 2030.

According to a statement released by Nonghyup Bank on Wednesday, its Chief Executive Lee Seok-young held a virtual meeting with executives from the bank’s global offices the day before. In the meeting, Lee encouraged the participants to enhance their capabilities and drive strategic projects forward as quickly as possible to go beyond the earnings goals.

The message echoed what Lee said in his New Year speech earlier in January 2024. “It is important for us to strengthen our key capabilities in competing at the international level,” he said in the speech.

Nonghyup Bank has 11 international offices across eight countries, including the United States, Australia, and China.