NongHyup opens office in Vietnam to strengthen K-food exports

It will support expanding Korean agricultural and food market share in SE Asia

NongHyup opens office in Vietnam to strengthen K-food exports
Jung-hwan Hwang 1
2023-04-05 17:58:00 jung@hankyung.com
Food & Beverage

South Korea's NongHyup, or the National Agricultural Cooperative Federation, announced on Wednesday that it has opened an office in Vietnam with plans to expand exports and explore new business opportunities in Southeast Asia, including Vietnam.

NongHyup also aims to support the entry of its Kimchi products into the Vietnamese market.

"We will make efforts to introduce NongHyup's excellent agricultural and food products to Vietnam and help NongHyup Kimchi become a luxury brand representing Korea, in line with the K-food trend. We will also strive to pioneer overseas markets," said NongHyup Chairman Lee Sung-hee.

During the opening ceremony, the chairman presented plaques of gratitude to three excellent Vietnamese buyers who supported the sale of NongHyup's agricultural and food products in Vietnam.

In addition, NongHyup has signed MOUs with these companies to jointly promote the development of new products and expand sales.

Write to Jung-hwan Hwang at jung@hankyung.com

NongHyup to gain toehold in southwest Asia with India branch

NongHyup to gain toehold in southwest Asia with India branch

NongHyup Bank, a major arm of South Korea's National Agricultural Cooperative Federation, got the nod from India last week to open its first branch in India, which would serve as a springboard for its expansion in Southwest Asia.NongHyup won final approval from the Reserve Bank of India to set

NongHyup Life to issue $493 mn in subordinated bonds

NongHyup Life to issue $493 mn in subordinated bonds

NongHyup Life Insurance Co. NongHyup Life Insurance Co. of South Korea is slated to issue 10-year-maturity subordinated bonds worth 600 billion won ($492.6 million) on March 31, according to investment banking sources. The insurer initially aimed to sell 300 billion won in subordinated bonds. H

NongHyup looks to expand KIC co-investment beyond PE

NongHyup looks to expand KIC co-investment beyond PE

South Korea’s National Agricultural Cooperative Federation (NACF), or NongHyup Bank, is willing to expand its co-investment partnership with Korea Investment Corporation (KIC) into real estate and infrastructure beyond private equity, the cooperative’s Chief Investment Officer Park Hak-j

KIC forms $400 mn joint venture with NongHyup for private equity co-investment

KIC forms $400 mn joint venture with NongHyup for private equity co-investment

Korea Investment Corporation (KIC) has announced a $400 million joint venture with NongHyup, or the National Agricultural Cooperative Federation, to invest in overseas private equity deals.KIC and Nonghyup will invest $300 million and $100 million, respectively.On July 13, both parties met to

(* comment hide *}