NongHyup Financial and HTOO Group to start financing service in Myanmar in July

South Korea’s NongHyup Financial Group Inc. together with Myanmar’s HTOO Group will start a financial service for farming equipment businesses in the Southeast Asian country in the second half with this year, the company said Sunday. Two parties had signed a memorandum of understanding to cooperate on setting up a financial service business for the […]

NongHyup Finance Myanmar considers capital increase for expansion

This is the third of a series highlighting Korean banks’ operations in Southeast Asian countries. NongHyup Finance Myanmar is considering raising capital to finance its expansion in the region, said Kim Jong-hee, managing director of the bank. Also, it will invest in equities of banks in Myanmar for strategic partnerships when opportunities arise as the […]