BANKS DODGY DEALS CAMPAIGNS
Sections
Banks Dodgy Deals Campaigns
Our campaigns
Banks and Climate
Banks and Human Rights
Banks and Nature
Our projects
Tracking the NZBA
Banks and Russia
Banks and Steel
Tracking the Equator Principles
Tracking the PRBs
Find a Better Bank
Banks and the OECD Guidelines
Media
News Publications
Raiffeisen Out! Bank.Green End Coal Finance Plastic Banks Tracker Defund TotalEnergies Financial Exclusions Tracker Equator-Complaints.Org Don't Buy into Occupation Banks & Biodiversity Forests & Finance Drop JBS StopEACOP Fossil-Free Finance
BankTrack
About BankTrack Organisation Our team Our board Our annual reports Funding and finances Guiding principles Our history BankTrack in the media Team up with us Our privacy policy Donate Visit us
Successes Contact BankTrack
Donate Mailing list Facebook Twitter Linkedin Login
Home › Banks ›
Bank
NongHyup BankSouth Korea

Active

This profile is actively maintained
Last update: 2024-06-28 00:00:00
A branch of NongHyup Bank. Photo: 최광모 (Choe Kwangmo) via Wikimedia Commons (Public Domain CC0 1.0)

Active

This profile is actively maintained
Last update: 2024-06-28 00:00:00
Bank info
BankTrack campaigns
All
About
Website https://banking.nonghyup.com
Headquarters
120, Tongil-ro, Jung-gu
04517 Seoul
South Korea
CEO/chair Lee Seok-yong
President & CEO
Supervisor
Financial Supervisory Service (South Korea)
Ownership

NongHyup Bank is a 100% subsidiary of the NongHyup Financial Group. The National Agricultural Cooperative Federation (NACF) is the sole shareholder of NongHyup Financial Group.

NongHyup Bank (formerly National Agricultural Cooperative Federation) is a commercial bank in Seoul, South Korea. The bank was established in 2012 and offers personal banking, corporate banking, foreign exchange service, card service, and other financial services to private and corporate clients in South Korea and abroad. NongHyup Bank is a part of the NongHyup Financial Group, which dates back to 1961 when the Agricultural Bank and Agricultural Federation merged.

Sustainability
Commitments
Policies
Voluntary standards

NongHyup Bank's most important sustainability commitments can be found at the website sections listed below.

Links

ESG Management

[Go to ESG Management]

NongHyup Bank does not have publicly available bank policies.

NongHyup Bank has committed itself to the following voluntary standards:
Carbon Disclosure ProjectTags: carbon | climate change | greenhouse gas emissions
Equator PrinciplesTags: Equator Principles | project finance | corporate social responsibility | sustainable development
Principles for Responsible Banking (PRB)Tags: climate change | corporate social responsibility | finance | sustainable development | United Nations | Voluntary Standards
Task Force on Climate-related Financial Disclosures (TCFD)Tags: corporate social responsibility | finance
UNEP Finance InitiativeTags: United Nations | sustainable development
United Nations Global CompactTags: United Nations | human rights
Dodgy Deals

NongHyup Bank is linked to a number of companies and projects that BankTrack considers controversial (so called Dodgy Deals), e.g. as a current or past financier or through an expression of interest. The profiles below provide more details on the nature of NongHyup Bank's link to these deals.

Projects / Companies
Finance type
Year
News
BankTrack
Partners
Blog
External
Blog
BankTrack news BankTrack blog Partner news Partner blog

‘Net Zero banks’ turn their back on crucial 1.5ºC climate target

“Overwhelming majority” of Net-Zero Banking Alliance (NZBA) members seeks to loosen obligations on how to reach Paris climate goals.
2025-04-15 | Nijmegen | BankTrack
Blog
BankTrack news BankTrack blog Partner news Partner blog

Asian banks falling behind in implementation of UN Human Rights Principles, new BankTrack benchmark shows

New benchmark of 18 Asian banks shows human rights performance below the global average
2022-04-05 | Nijmegen | BankTrack
BankTrack news BankTrack blog Partner news Partner blog

NongHyup Bank Adopts the Equator Principles

2021-08-19 | EPA
Resources
Documents
2024-10-01 00:00:00

NZBA 2024 Progress Report

Other document
2024-10-01 00:00:00 | NZBA
2024-07-02 00:00:00

Annual report 2023

Annual report
2024-07-02 00:00:00 | NongHyup Financial Group
2024-02-28 00:00:00

Finance for War. Finance for Peace

How values-based banks foster peace in a world of increasing conflict
Other document
2024-02-28 00:00:00 | Banca Etica Group and the Global Alliance for Banking on Values (GABV)
2023-06-06 00:00:00

Annual report 2022

Annual report
2023-06-06 00:00:00 | NongHyup Financial Group
2022-09-02 00:00:00

Annual report 2021

Annual report
2022-09-02 00:00:00 | NongHyup Financial Group
2021-09-02 00:00:00

Annual report 2020

(in Korean)
Annual report
2021-09-02 00:00:00 | NongHyup Financial Group
Accountability
Grievances

NongHyup Bank does not have a complaints or grievances channel for individuals or communities that might have been affected by the bank's finance.

NongHyup Bank is an Equator Principles signatory. While the Equator Principles have no official grievance mechanism, complaints relating to this bank's financing of Equator Principles projects can be filed through our own website www.equator-complaints.org.

This page evaluates NongHyup Bank's responses to instances of alleged human rights violations linked to its finance, raised by civil society organisations. It is not intended to be exhaustive, but covers selected impacts raised by BankTrack and other civil society partners since 2016. For the full scoring methodology, see here. For more information about BankTrack's evaluation of bank responses to human rights impacts, see the 2021 report "Actions speak louder: assessing bank responses to human rights violations".

Impacts reviewed
Responded?
Total score
Response
Action
Monitoring

A PHP Error was encountered

Severity: Warning

Message: Division by zero

Filename: bankprofile/response_tracking.php

Line Number: 200

Backtrace:

File: /home/btwebhost/www/btci3/application/views/sections/bankprofile/response_tracking.php
Line: 200
Function: _error_handler

File: /home/btwebhost/www/btci3/application/helpers/easy_helper.php
Line: 366
Function: view

File: /home/btwebhost/www/btci3/application/views/sections/bankprofile/main.php
Line: 270
Function: lv

File: /home/btwebhost/www/btci3/application/libraries/sections/Bankprofile.php
Line: 531
Function: view

File: /home/btwebhost/www/btci3/application/controllers/Main.php
Line: 331
Function: content

File: /home/btwebhost/www/btci3/index.php
Line: 321
Function: require_once


Average

A PHP Error was encountered

Severity: Warning

Message: Division by zero

Filename: bankprofile/response_tracking.php

Line Number: 209

Backtrace:

File: /home/btwebhost/www/btci3/application/views/sections/bankprofile/response_tracking.php
Line: 209
Function: _error_handler

File: /home/btwebhost/www/btci3/application/helpers/easy_helper.php
Line: 366
Function: view

File: /home/btwebhost/www/btci3/application/views/sections/bankprofile/main.php
Line: 270
Function: lv

File: /home/btwebhost/www/btci3/application/libraries/sections/Bankprofile.php
Line: 531
Function: view

File: /home/btwebhost/www/btci3/application/controllers/Main.php
Line: 331
Function: content

File: /home/btwebhost/www/btci3/index.php
Line: 321
Function: require_once

NAN%
NAN

A PHP Error was encountered

Severity: Warning

Message: Division by zero

Filename: bankprofile/response_tracking.php

Line Number: 217

Backtrace:

File: /home/btwebhost/www/btci3/application/views/sections/bankprofile/response_tracking.php
Line: 217
Function: _error_handler

File: /home/btwebhost/www/btci3/application/helpers/easy_helper.php
Line: 366
Function: view

File: /home/btwebhost/www/btci3/application/views/sections/bankprofile/main.php
Line: 270
Function: lv

File: /home/btwebhost/www/btci3/application/libraries/sections/Bankprofile.php
Line: 531
Function: view

File: /home/btwebhost/www/btci3/application/controllers/Main.php
Line: 331
Function: content

File: /home/btwebhost/www/btci3/index.php
Line: 321
Function: require_once

NAN

A PHP Error was encountered

Severity: Warning

Message: Division by zero

Filename: bankprofile/response_tracking.php

Line Number: 220

Backtrace:

File: /home/btwebhost/www/btci3/application/views/sections/bankprofile/response_tracking.php
Line: 220
Function: _error_handler

File: /home/btwebhost/www/btci3/application/helpers/easy_helper.php
Line: 366
Function: view

File: /home/btwebhost/www/btci3/application/views/sections/bankprofile/main.php
Line: 270
Function: lv

File: /home/btwebhost/www/btci3/application/libraries/sections/Bankprofile.php
Line: 531
Function: view

File: /home/btwebhost/www/btci3/application/controllers/Main.php
Line: 331
Function: content

File: /home/btwebhost/www/btci3/index.php
Line: 321
Function: require_once

NAN

A PHP Error was encountered

Severity: Warning

Message: Division by zero

Filename: bankprofile/response_tracking.php

Line Number: 223

Backtrace:

File: /home/btwebhost/www/btci3/application/views/sections/bankprofile/response_tracking.php
Line: 223
Function: _error_handler

File: /home/btwebhost/www/btci3/application/helpers/easy_helper.php
Line: 366
Function: view

File: /home/btwebhost/www/btci3/application/views/sections/bankprofile/main.php
Line: 270
Function: lv

File: /home/btwebhost/www/btci3/application/libraries/sections/Bankprofile.php
Line: 531
Function: view

File: /home/btwebhost/www/btci3/application/controllers/Main.php
Line: 331
Function: content

File: /home/btwebhost/www/btci3/index.php
Line: 321
Function: require_once

NAN
Banks and Climate

Banks and Climate

Partner organisation Reclaim Finance tracks the coal, oil and gas policies of financial institutions, including banks, in their Coal Policy Tool (CPT) and the Oil and Gas Policy Tracker (OGPT). BankTrack works closely with Reclaim Finance and endorses their policy assessments. Find further details on their assessment of NongHyup Bank’s fossil fuel policy below.

Assessment of NongHyup Bank's coal policy in the Coal Policy Tool

Assessment of NongHyup Bank's policies in the Oil & Gas Policy Tracker

Banks and Human Rights

Banks and Human Rights

BankTrack assessed Nonghyup Bank in its 2022 Human Rights Benchmark Asia, where it achieved 0 points out of 14 and was ranked as a 'laggard'. More information is detailed in the "Accountability" section of this profile.

The BankTrack Human Rights Benchmark

Human Rights Benchmark Asia 2022

BankLast update
Country
Score
Ranking
Details
NongHyup Bank
KOR
0
Laggard 0
0
South Korea
Score
Laggard
0
Explanation

NongHyup Bank's human rights policies, processes and reporting were assessed as part of the BankTrack Human Rights Benchmark Asia 2022. The bank is assessed as a Laggard, with a total score of 0 out of 14.

Policy: 0/3
Due dilligence: 0/5
Reporting: 0/3
Remedy: 0/3

Explanation
Laggard
Follower
Front runner
Leader
0 - 3 points
3.5 - 6 points
6.5 - 9 points
9.5 - 14 points
For more details see this page.
Good Moves

Good moves

Year:
Send feedback on this profile
Sections
Banks Dodgy Deals Campaigns
Our campaigns
Banks and Climate Banks and Human Rights Banks and Nature
Our projects
Tracking the NZBA Banks and Russia Banks and Steel Tracking the Equator Principles Tracking the PRBs Find a Better Bank Banks and the OECD Guidelines
Media
News Publications
Raiffeisen Out! Bank.Green End Coal Finance Plastic Banks Tracker Defund TotalEnergies Financial Exclusions Tracker Equator-Complaints.Org Don't Buy into Occupation Banks & Biodiversity Forests & Finance Drop JBS StopEACOP Fossil-Free Finance
BankTrack
About BankTrack Organisation Our team Our board Our annual reports Funding and finances Guiding principles Our history BankTrack in the media Team up with us Our privacy policy Donate Visit us
Successes Contact BankTrack
Vismarkt 15
6511 VJ Nijmegen
The Netherlands
Contact@banktrack.org
Donate Mailing list Facebook Twitter Linkedin
©2023 BankTrack
BankTrack is a registered charity in the Netherlands (ANBI) - RSIN 813874658
Find our privacy policy here

Stay up to date

Sign up now for all BankTrack's news


Make a comment

Your comment will be reviewed, before being posted