[2026 Parliamentary Audit] Nonghyup Marred by Sexual Harassment, Embezzlement... 342 Executives and Employees Disciplined in Five Years
Status of Severe Disciplinary Actions Against NongHyup Employees, 2021-September 2026
Over the past five years or so, 342 Nonghyup executives and employees were found to have committed 274 violations, including breaches of service regulations, sexual harassment, embezzlement and misappropriation. NH Bank accounted for 236 people and 168 cases, or 69% of the total.
An analysis by Assemblyman Kim Seongyo of the People Power Party, a member of the National Assembly's Agriculture, Food, Rural Affairs, Oceans and Fisheries Committee, of data submitted by the National Agricultural Cooperative Federation (NACF) on "Major Disciplinary Actions Against Nonghyup Employees Over the Past Five Years or So (2021-September 2026)" found that 342 executives and employees received major disciplinary action in 274 cases during the period.
The annual figures for major disciplinary actions were 58 people in 44 cases in 2021, 63 people in 53 cases in 2022, 53 people in 39 cases in 2023, 54 people in 46 cases in 2024, 77 people in 57 cases in 2025, and 37 people in 35 cases as of the end of September 2026.
By type, breaches of service regulations were the most common, involving 131 people in 105 cases. They were followed by sexual harassment, involving 72 people in 70 cases; embezzlement and misappropriation, involving 60 people in 28 cases; other violations, including the improper handling of loans using another person's name and the mis-selling of private equity funds, involving 57 people in 49 cases; and workplace bullying, involving 22 people in 22 cases.
By business division, NH Bank ranked first with 236 people in 168 cases, followed by the National Agricultural Cooperative Federation with 34 people in 34 cases, the Agricultural Economy division with 25 people in 25 cases, NH Life Insurance with 19 people in 19 cases, NH Property & Casualty Insurance with 13 people in 13 cases, the Livestock Economy division with 8 people in 8 cases, and NH Financial Group with 7 people in 7 cases.
Hot Picks Today
"The Transfer Failed, but 'Ding Dong' Money Came In"... 32.5 Billion Won Financial Incident at Toss Bank
- Going to Japan to Shop? "Airport Lines" Are Coming... "The Days of Getting a Discount on the Spot at Don Quijote Are Over"
- "Those with Money Have Already Moved Their Gold"... Holdings Surge 16-Fold as Wealthy Investors Flock to 'This Country'
- Attendance Up 13%, Waste Up 24%... Pro Baseball Stadium Cleaning Costs 'Snowball'
- 'Hangover Legend' Returns After 11 Years... Lee Sunmin Hyung's 'Captain Q' Sells Out
Assemblyman Kim said, "Major disciplinary actions against Nonghyup executives and employees continue year after year, raising concerns about a widespread lapse in ethics and a loss of public trust. Nonghyup's existence depends on farmers' trust, so it must promptly restore discipline and establish effective measures to prevent recurrence to ensure that farmers do not suffer harm."
© The Asia Business Daily. All rights reserved. Unauthorized AI training and use prohibited.