Established in 1961, NongHyup Bank is a pure ethic capital bank with 100% domestic capital and specialized bank that merging the central and regional government’s deposit safe house with the largest nationwide branch network and is the top social contribution bank. It is well known for not only its outstanding financial services but also the role in promoting the well-being of agriculture society in South Korea. It has also been recognized as the most advanced cooperative financial institution around the world with its half-century proven track record in financial operations.
NongHyup is a multipurpose cooperative with four main business divisions: agricultural marketing and supply, livestock marketing and supply, banking and insurance and the extensive services, which offer guidance. NongHyup Bank has penetrated itself overseas through foreign branches in the United States and Vietnam, a Micro Finance Institutions in Myanmar and Cambodia, and representative offices in China and India.
NongHyup Finance received a license from the National Bank of Cambodia on 8 August 2018 to operate the microfinance in Cambodia after NongHyup Bank had acquired 100% shares from SAMIC Plc. It is currently operating in Phnom Penh and 8 provinces of Kandal, Kampong Speu, Takeo, Kampot, Kep, Preah Sihanouk, Siem Reap and Kampong Thom. These operating areas are expected to grow in the future.
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