Anna Jiwon Park has been covering the politics at The Korea Times since the summer of 2024, when she joined the press pool for the Office of the President in Korea. Prior to that, she spent about five years reporting extensively on financial markets, regulatory authorities and the financial industry. She joined The Korea Times in 2019 after spending eight years as a broadcast journalist at Arirang TV, Korea’s leading global broadcaster, covering politics, defense and culture.
NH Financial Group to prioritize ESG and digital business
NH Financial Group Chairman Son Byung-hwan, fifth from left, poses for a photo with CEOs of the group's affiliates, after holding a strategic management meeting at group headquarters in Seoul, Thursday. Courtesy of NH Financial Group
By Anna J. Park
By Anna J. Park
NH Financial Group has set its business priorities for this year to be ESG, digital transformation, wealth management, global business and risk management. 2022 marks the 10th anniversary of the group's operations, a decade after the financial group was officially restructured, centering on a holding company.
The priorities were announced at the group's online strategic management meeting held last Thursday afternoon, aiming to lay a solid foundation for growth over the next 10 years.
The financial group plans to strengthen its competitiveness in ESG-principled management in order to realize the group's vision of “ESG Transformation 2025,” announced last year. The group also aims to come up with a specific plan to manage carbon emissions within this year.
Digital transformation is another key axis of the group's business strategy for this year, as it plans to strengthen competitiveness by establishing a comprehensive financial platform.
The group plans to announce a set of new visions and development strategies for the next decade sometime in March.
The group chairman also stressed the importance of loyalty to the group's initial existential core purpose of serving the interests of the National Agricultural Cooperative Federation.
“The core rationale of NH Financial Group is to facilitate profits for the country's agricultural sector. NH Financial Group will be leading the efforts to overcome the agricultural industry's new challenges during the COVID-19 pandemic era,” Chairman Son Byung-hwan said during the meeting.