# NH NongHyup Bank

> Source: https://docs.barcoder.ai/docs/wallets/nh-nonghyup-bank
> research date 2026-05-31 · extracted at 2026-10-07
> Publisher: Barcoder — encyclopedia of QR, barcode and payment-code standards

Specifications:
- [NongHyup — official](https://banking.nonghyup.com/)

## Key details

- **Parent:** branches via Korean agricultural cooperative network

## Overview

**NH NongHyup Bank** is **Korean Agricultural Cooperative Federation NACF bank** + **NongHyup Financial Group Korean agricultural cooperative parent + 1,118 Korean agricultural cooperative member banks** + **one of Korea's largest commercial banks by branches via Korean agricultural cooperative network** + **~25M+ Korean customers** <sup>[1][1], [Korea, Republic of report](https://docs.barcoder.ai/docs/payments/KR)</sup>.

## History

**Aug 1961 — Korean Agricultural Cooperative Federation NACF founded** distinctive Korean agricultural cooperative heritage.

**Mar 2 2012 — NongHyup Financial Group reorganisation forms NH NongHyup Bank as standalone commercial bank** distinctive Korean cooperative banking restructuring.

**2010 — NH Smart Banking mobile banking app launch**.

## Ownership & operator

**Operating entity**: **NH NongHyup Bank Nonghyup Eunhaeng** (Korean Agricultural Cooperative Federation NACF bank).

**Major shareholders**: **NongHyup Financial Group (Korean agricultural cooperative parent + 1,118 Korean agricultural cooperative member banks)**.

**Regulators**: **FSS Korea + BoK**.

## Technical integration

NH Smart Banking mobile app (iOS + Android; ~25M+ Korean customers) + banking.nonghyup.com online + NH NongHyup Bank branch network across Korea + China + Vietnam + US + Australia + Myanmar + Hong Kong international branches + NH NongHyup Visa + Mastercard + JCB cards; KR IBAN + KR ZeroAPY.

## Implementations & partners

**NongHyup Financial Group parent**: NongHyup Financial Group (NongHyup Financial Group; Korean agricultural cooperative parent; NH NongHyup Bank + NH Insurance + NH Investment & Securities + NH Capital parent).

**Major Korean banking + payments competitors**: [Shinhan Bank](https://docs.barcoder.ai/docs/wallets/shinhan-bank) (Shinhan Bank; Korean commercial bank; Korea's largest commercial bank by assets; ~30M+ Korean customers) + [KB Kookmin Bank](https://docs.barcoder.ai/docs/wallets/kb-kookmin-bank) (KB Kookmin Bank; KRX: 105560; Korea's #2 commercial bank by assets) + [Woori Bank (Woori WON Banking + Woori WON Wallet)](https://docs.barcoder.ai/docs/wallets/woori-bank) (Woori Bank; KRX: 316140; Korea's #3 commercial bank by assets) + [Hana Bank (KEB Hana / Hana Won-Q + Hana EZ)](https://docs.barcoder.ai/docs/wallets/hana-bank) (Hana Bank; KRX: 086790; Korea's #4 commercial bank by assets) + [IBK Industrial Bank of Korea](https://docs.barcoder.ai/docs/wallets/ibk) (IBK Industrial Bank of Korea; KRX: 024110; Korean federal SME-focused commercial bank) + [KakaoBank](https://docs.barcoder.ai/docs/wallets/kakaobank) (Kakao Bank; KRX: 323410; Korea's largest digital bank; ~22M+ Korean customers) + [Toss Bank](https://docs.barcoder.ai/docs/wallets/toss-bank) (Toss Bank; Korean digital bank; Viva Republica Korean fintech unicorn parent) + [K Bank Korea](https://docs.barcoder.ai/docs/wallets/k-bank-korea) (K Bank; Korea's first digital bank; KT Corporation Korean telecom + consortium parent) + [KakaoPay](https://docs.barcoder.ai/docs/wallets/kakaopay) (KakaoPay; KRX: 377300; Korean mobile wallet; ~37M+ Korean users) + [Toss](https://docs.barcoder.ai/docs/wallets/toss) (Toss; Korean super-app mobile wallet; Viva Republica) + [Naver Pay](https://docs.barcoder.ai/docs/wallets/naver-pay) (Naver Pay; Korean mobile wallet) + [Samsung Pay (Samsung Wallet)](https://docs.barcoder.ai/docs/wallets/samsung-pay) (Samsung Pay; Korean mobile wallet; Samsung Electronics).

**Regulators**: FSS Korea + BoK.

## Status

**Active, Korean Agricultural Cooperative Federation NACF bank + NongHyup Financial Group Korean agricultural cooperative parent + 1,118 Korean agricultural cooperative member banks + one of Korea's largest commercial banks by branches via Korean agricultural cooperative network + ~25M+ Korean customers** <sup>[1][1], [2][2]</sup>.

## Sources

[1]: https://banking.nonghyup.com/ "NongHyup — official"
[2]: https://en.wikipedia.org/wiki/NongHyup_Bank "NH NongHyup Bank — Wikipedia"
[kr-cro]: https://docs.barcoder.ai/docs/payments/KR

- [1] [NongHyup — official][1]
- [2] [NH NongHyup Bank — Wikipedia][2]
- <sup>[Korea, Republic of report](https://docs.barcoder.ai/docs/payments/KR)</sup> In-corpus: `reports/countries/KR-korea.md`

## Source

Biography extracted from [nh-nonghyup-bank.md](https://docs.barcoder.ai/source/wallets/nh-nonghyup-bank). See `matrix.md` for standards-support matrix if present.