On June 22, NH Nonghyup Bank announced that it signed a memorandum of understanding with Korea Aerospace Industries (KAI) at its headquarters in Jung-gu, Seoul, to expand productive financial cooperation in the K-defense and aerospace industries.
KAI is a leading domestic aerospace company that encompasses military aircraft, helicopters, and civilian aircraft structures, as well as satellite development. The company aims to strengthen the global competitiveness of K-defense and promote the advancement of future air mobility through domestic aircraft development and international exports.
Under the agreement, NH Nonghyup Bank plans to provide a total of 1 trillion won in productive financing over the next three years. The bank will tailor its financial support to meet the funding needs of KAI, particularly in areas such as technology development, facility investment, and international market expansion, thereby enhancing industrial competitiveness and supporting sustainable growth.
Kang Tae-young, president of NH Nonghyup Bank, stated, "We will serve as a strong financial partner to help Korea Aerospace Industries take a significant leap as a global defense and aerospace company. We will continue to expand productive financial support for future strategic industries to secure growth momentum for the national economy and strengthen industrial competitiveness."
Meanwhile, NH Financial Group is also enhancing its support for advanced strategic industries, including defense, robotics, and semiconductors.
* This article has been translated by AI.
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