The Korea Times close
National
  • Politics
  • Foreign Affairs
  • Multicultural Community
  • Defense
  • Environment & Animals
  • Law & Crime
  • Society
  • Health & Science
Business
  • Tech
  • Bio
  • Companies
Finance
  • Companies
  • Economy
  • Markets
Opinion
  • Editorial
  • Columns
  • Thoughts of the Times
  • Cartoon
  • Today in History
  • Blogs
  • Tribune Service
  • Blondie & Garfield
  • Letter to the Editor
Lifestyle
  • Travel & Food
  • Trends
  • People & Events
  • Books
  • Around Town
  • Fortune Telling
Entertainment
& Arts
  • K-pop
  • Films
  • Shows & Dramas
  • Music
  • Theater & Others
Sports
  • Beijing Olympics
World
  • SCMP
  • Asia
Video
  • Culture
  • People
  • News
Photos
  • Photo News
  • Darkroom
  • The Korea Times
  • search
  • Site Map
  • E-paper
  • Subscribe
  • Register
  • LogIn
search close
  • The Korea Times
  • search
  • Site Map
  • E-paper
  • Subscribe
  • Register
  • LogIn
search close
Finance
  • Companies
  • Economy
  • Markets
Wed, February 2, 2022 | 19:09
Markets
NongHyup Bank CEO boosts overseas biz expansion
Posted : 2019-08-25 17:17
Updated : 2019-08-25 17:44
Print Preview
Font Size Up
Font Size Down
                                                                                                 NongHyup Bank CEO Lee Dae-hoon shakes hands with Stuart Laurence Ayres, New South Wales Minister for Jobs, Investment and Tourism, at the minister's office Aug. 22 (local time). Courtesy of NongHyup Bank
NongHyup Bank CEO Lee Dae-hoon shakes hands with Stuart Laurence Ayres, New South Wales Minister for Jobs, Investment and Tourism, at the minister's office Aug. 22 (local time). Courtesy of NongHyup Bank

By Lee Kyung-min

NongHyup Bank CEO Lee Dae-hoon visited China and Australia to experience the business environment there before pushing for further expansion in the two countries, the bank said Sunday.

"Lee returned home following a five-day trip to the two countries where he boosted ties with high-ranking financial figures. He also made sure that there will not be any unforeseen challenges in pushing forward with our plans to set up branches there," a bank official said.

During his two-day trip to Beijing, Lee met with the financial authorities and reaffirmed his commitment and their support for opening a branch there within the year.

Beginning in the latter half of 2021, the envisioned branch will serve as a key base for the bank to expand its business in the fast-rising market with enormous potential.
In Australia, Lee held meetings with the regulatory, trade, investment and state government authorities to seek their cooperation for the bank to enter the market in a country with an advanced financial system backed by stable governance with minimal geopolitical risks.

"We will seek to ink deals involving Investment banking services, state-run infrastructure projects and enhance financing services. Australia is a highly attractive market for us," the official added.

A successful entrance into the Australian investment banking market will help NongHyup, a latecomer to the advanced and sophisticated financial market, strengthening its global capabilities, as an investment business unlike retail requires a relatively smaller initial investment and manpower.

NongHyup plans to strengthen its global network by establishing at least 11 regional bases in over 10 countries by 2025.



Emaillkm@koreatimes.co.kr Article ListMore articles by this reporter



 
  • Lunar New Year: A time for 'manly sport'
  • Metaverses, shamanism and Christianity
  • A closer look at COVID-19 home treatment in Korea
  • Korea urged to explore ways to reduce China reliance
  • Indian students in Korea feel pinch due to soaring airfare
  • Daily life in Beijing as 2022 Winter Olympic Games kick off [PHOTOS]
  • The crisis of democracy: John Adams and Plato
  • Market Kurly, SSG.com uneasy about IPO amid plunging stock market
  • Israeli, German embassies pay tribute to Holocaust victims
  • Woowa Brothers pressed to earn more for Delivery Hero
  • Dark side of non-celebrities shooting to fame on reality TV shows Dark side of non-celebrities shooting to fame on reality TV shows
  • [INTERVIEW] Choi Woo-shik shares pressure of returning to TV with 'Our Beloved Summer' [INTERVIEW] Choi Woo-shik shares pressure of returning to TV with 'Our Beloved Summer'
  • Not-to-miss art exhibitions, fairs in 2022 Not-to-miss art exhibitions, fairs in 2022
  • Singer Chris Brown sued for rape Singer Chris Brown sued for rape
  • Jimin of BTS tests positive for COVID-19 Jimin of BTS tests positive for COVID-19
DARKROOM
  • Daily life in Beijing as 2022 Winter Olympic Games kick off [PHOTOS]

    Daily life in Beijing as 2022 Winter Olympic Games kick off [PHOTOS]

  • Celebrating Lunar New Year amid the ongoing pandemic

    Celebrating Lunar New Year amid the ongoing pandemic

  • Daily life in Afghanistan under Taliban rule

    Daily life in Afghanistan under Taliban rule

  • How snow looks around the world

    How snow looks around the world

  • Pictures of the year 2021

    Pictures of the year 2021

The Korea Times
CEO & Publisher : Oh Young-jin
Digital News Email : webmaster@koreatimes.co.kr
Tel : 02-724-2114
Online newspaper registration No : 서울,아52844
Date of registration : 2020.02.05
Masthead : The Korea Times
Copyright © koreatimes.co.kr. All rights reserved.
  • About Us
  • Introduction
  • History
  • Location
  • Media Kit
  • Contact Us
  • Products & Service
  • Subscribe
  • E-paper
  • Mobile Service
  • RSS Service
  • Content Sales
  • Policy
  • Privacy Statement
  • Terms of Service
  • 고충처리인
  • Youth Protection Policy
  • Code of Ethics
  • Copyright Policy
  • Family Site
  • Hankook Ilbo
  • Dongwha Group