NH Nonghyup Expands Branches Offering Physical 'Goldchaeum Trust'... Opens Second Subscription Round
Expanded from two to 21 branches
Second subscription round runs from November 16 to 20
NH Nonghyup Bank announced on November 12 that it will expand the number of branches offering the NH Goldchaeum Trust (Physical Type) from two to 21.
The NH Goldchaeum Trust (Physical Type) is a product that allows customers to manage and invest their assets using items such as gold rings and gold bars they own. When customers place physical gold in trust with the bank, the gold is managed through a partner institution. At maturity, customers receive pressed gold bars and investment returns.
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Since the product launched on October 1, it has been piloted at two branches in Seoul. Starting with the second subscription round, the bank is expanding the channels offering it. The second subscription round will run from November 16 to 20.
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