NH NongHyup Financial Group said on the 2nd it activated emergency monitoring and response systems following issues including the U.S. airstrike on Iran.
As Middle East issues emerged, heads of market-response departments held an emergency meeting that day to review the situation related to the Middle East. They also discussed risk management plans by type in response to the impact on related industries and heightened geopolitical risks, as well as support measures for related corporations.
NongHyup Financial immediately activated group-level emergency monitoring of financial markets and response systems. It will regularly review the impact on affiliates' financial portfolios and, in step with the government's response direction, make every effort to support affected corporations and stabilize markets.
To prepare for increased oil price volatility, it plans to monitor the impact on related industries and on the broader NongHyup network, and to devise countermeasures.