NH NongHyup Bank President Taeyoung Kang Visits New York, Communicates with U.S. Supervisory Authorities

Direct Visits to Global Investment Assets and the New York Branch
Sharing Business Updates with New York Employees

Taeyoung Kang, President of NH NongHyup Bank, inspected the business site in New York, United States.

Taeyoung Kang, President of NH Nonghyup Bank (center), visited the bank's New York branch on the 28th (local time) to review the business operations and took a commemorative photo with the staff. NH Nonghyup Bank

NH NongHyup Bank announced on the 31st that President Kang had conducted on-site management in New York by communicating with supervisory authorities, directly visiting global investment assets and the New York branch's business operations.

President Kang met with officials from the Federal Reserve Bank of New York (FRBNY) and the New York State Department of Financial Services (NYSDFS) to discuss key issues including the New York branch's internal controls, risk management, and compliance systems. He then visited the operating sites of global alternative investment management firms and major investment assets to check operational status and business viability, while also reviewing future prospects and risk factors.

Additionally, he visited the New York branch to share the business status with employees. Since its opening in 2013, the New York branch has expanded its business base primarily through investment banking (IB), corporate lending, and trade finance.

President Kang stated, "To achieve sustainable growth in the global market, we must fully focus on internal controls and risk management based on trust with supervisory authorities," and added, "We will support overseas operations at the company-wide level to achieve balanced growth between profitability and financial soundness."

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