Asset Owners Report

NongHyup, or National Agricultural Cooperative Federation (NACF), runs financial and agricultural businesses. Its financial units manage a combined 4.5 trillion won ($4 billion) as of the end of June 2020, under the holding company of NongHyup Financial Group. The cooperative’s financial operations range from banking, brokerage and insurance to asset management. It recently set up a venture capital unit to expand asset management business. NH Asset Management Co. is a joint venture between NongHyup and France’s Amundi.