# NongHyup Bank (NH Bank) / NH콕뱅크 (NH CoK Bank)

> Source: https://docs.barcoder.ai/docs/wallets/nonghyup-bank
> research date 2026-05-30 · extracted at 2026-10-03
> Publisher: Barcoder — encyclopedia of QR, barcode and payment-code standards

Specifications:
- [NongHyup — official](https://www.nonghyup.com/eng/main/engMain.do)

## Overview

**NongHyup Bank (NH Bank)** is **a specialized Korean agricultural bank in South Korea** + **post-Mar 2 2012 split-off from National Agricultural Cooperative Federation (NACF) credit and banking business** <sup>[1][1], [2][2], [Korea, Republic of report](https://docs.barcoder.ai/docs/payments/KR)</sup>. **2025 baseline**: NongHyup Bank parent NACF consists of 1,118 independent entities + 4,700+ Korean branches nationwide + 2.4M+ Korean member farmers; **NH 콕뱅크 (NH CoK Bank) distinctive Korean agricultural cooperative banking app**: CoK Farm + CoK Shopping (pan-Nonghyup digital shopping channel for fresh agricultural + livestock products + home appliances + household goods).

**Distinctive NongHyup Bank positioning** <sup>[1][1], [2][2], [3][3]</sup>:
- **Specialized Korean agricultural bank** + **NH NongHyup Financial Group parent** (NACF founding; Korean agricultural cooperative federation flagship)
- **Mar 2 2012 NongHyup Bank split-off from National Agricultural Cooperative Federation (NACF) credit and banking business** → distinctive Korean agricultural cooperative banking modernization
- **NACF consists of 1,118 independent entities + 4,700+ Korean branches nationwide + 2.4M+ Korean member farmers**
- **NH 콕뱅크 (NH CoK Bank) distinctive Korean agricultural cooperative banking app**: CoK Farm (digital assistant for farmers + union members + associate members; agricultural + livestock cooperative news + non-face-to-face registration + duty-free oil status + agricultural product shipment details) + CoK Shopping (pan-Nonghyup digital shopping channel)
- **NongHyup Bank international expansion under new CEO** (per The Korea Herald 2025 Top Bankers feature; NongHyup global expansion strategy)
- **1961 NongHyup founding** as Korean agricultural cooperative + **2012 NongHyup Bank carve-out from NongHyup**

## History

**Aug 15 1961 — NongHyup founding** as Korean agricultural cooperative → distinctive Korean agricultural cooperative banking heritage.

**Mar 2 2012 — NongHyup Bank carve-out from National Agricultural Cooperative Federation (NACF)** → distinctive Korean agricultural cooperative banking modernization (NongHyup Bank split-off from NACF credit and banking business).

**2012 — NongHyup Bank mobile banking app launches**.

**2018 — NH 콕뱅크 (NH CoK Bank) distinctive Korean agricultural cooperative banking app launches** (CoK Farm + CoK Shopping).

**2025 — NACF consists of 1,118 independent entities + 4,700+ Korean branches nationwide + 2.4M+ Korean member farmers + NongHyup Bank international expansion under new CEO** (per The Korea Herald 2025 Top Bankers feature) <sup>[1][1], [2][2], [3][3]</sup>.

## Ownership & operator

**Operating entity**: **NongHyup Bank** (NH NongHyup Financial Group parent).

**Parent**: **NH NongHyup Financial Group + National Agricultural Cooperative Federation (NACF)** — Korean agricultural cooperative federation flagship.

**Regulators**: **FSS (Financial Supervisory Service Korea) + FSC (Financial Services Commission Korea)**.

## Technical integration

**NH 콕뱅크 (NH CoK Bank) distinctive Korean agricultural cooperative banking app** (iOS + Android; CoK Farm + CoK Shopping) + NongHyup Bank standard mobile banking app + nonghyup.com online + NongHyup Bank cards (Visa + Mastercard + NH) + NongHyup Bank Korean + 4,700+ NACF branch network; Zero Pay + Korea Payments + KFTC; **CoK Farm distinctive Korean farmer digital assistant** (agricultural + livestock cooperative news + non-face-to-face registration for associate members + duty-free oil status inquiry + agricultural product shipment details) + **CoK Shopping pan-Nonghyup digital shopping channel** (fresh agricultural + livestock products + home appliances + household goods).

## Users & growth

**2025**: NACF consists of 1,118 independent entities + 4,700+ Korean branches nationwide + 2.4M+ Korean member farmers; NongHyup Bank international expansion under new CEO.

## Use cases

Korean retail + agricultural + cooperative + private + corporate + SME + investment + insurance banking via NH 콕뱅크 (NH CoK Bank) + NongHyup Bank standard mobile + nonghyup.com online + cards + branches + agricultural cooperative network; Zero Pay + Korea Payments + KFTC; **CoK Farm distinctive Korean farmer digital assistant** + **CoK Shopping pan-Nonghyup digital shopping channel**.

## Implementations & partners

**Operator**: NongHyup Bank (NH NongHyup Financial Group parent; National Agricultural Cooperative Federation NACF parent).

**NH NongHyup Financial Group sister entities**: **NongHyup Bank** + **NH Investment & Securities** + **NH Insurance (NH Life Insurance + NH Property + Casualty Insurance)** + **NH Capital** + **NH Card** + **NH Asset Management** + **NH Securities Investment Bank** + **NH Real Estate Trust**.

**Major Korean banking competitors**: [KB Kookmin Bank](https://docs.barcoder.ai/docs/wallets/kb-kookmin-bank) (Korea's largest bank by assets; KB Star Banking 7M+ users distinctive Korean financial super-app + Mobile ID Service + KB Star Teens) + [Shinhan Bank (SOL Bank + SOL Global)](https://docs.barcoder.ai/docs/wallets/shinhan-sol) (Shinhan Financial Group; Korean #2 by assets) + [Hana Bank (KEB Hana / Hana Won-Q + Hana EZ)](https://docs.barcoder.ai/docs/wallets/hana-bank) (Hana Financial Group; Korean #3 by assets; post-2015 KEB Hana Bank merger) + [Woori Bank (Woori WON Banking + Woori WON Wallet)](https://docs.barcoder.ai/docs/wallets/woori-bank) (Woori Financial Group; Korean #4 by assets) + IBK Industrial Bank of Korea (Korean state-controlled SME bank) + [KakaoBank](https://docs.barcoder.ai/docs/wallets/kakaobank) (Korean digital bank; Kakao Corp subsidiary; 23M+ Korean customers) + [Toss Bank](https://docs.barcoder.ai/docs/wallets/toss-bank) (Korean digital bank; Toss/Viva Republica).

**Regulators**: FSS + FSC.

## Fun facts

- **Specialized Korean agricultural bank** + **NH NongHyup Financial Group parent** (NACF founding; Korean agricultural cooperative federation flagship).
- **Mar 2 2012 NongHyup Bank split-off from National Agricultural Cooperative Federation (NACF) credit and banking business** → distinctive Korean agricultural cooperative banking modernization.
- **NACF consists of 1,118 independent entities + 4,700+ Korean branches nationwide + 2.4M+ Korean member farmers**.
- **NH 콕뱅크 (NH CoK Bank) distinctive Korean agricultural cooperative banking app**: CoK Farm (digital assistant for farmers) + CoK Shopping (pan-Nonghyup digital shopping channel).
- **NongHyup Bank international expansion under new CEO** (per The Korea Herald 2025 Top Bankers feature).
- **Aug 15 1961 NongHyup founding** as Korean agricultural cooperative.

## Comparison

| Feature | NongHyup Bank (NH Bank) / NH 콕뱅크 (NH CoK Bank) | [KB Kookmin Bank](https://docs.barcoder.ai/docs/wallets/kb-kookmin-bank) (Korea's largest bank by assets rival; KB Star Banking 7M+ users distinctive Korean financial super-app + Mobile ID Service + KB Star Teens) | [Shinhan Bank (SOL Bank + SOL Global)](https://docs.barcoder.ai/docs/wallets/shinhan-sol) (Shinhan Financial Group; Korean #2 by assets rival) | [Hana Bank (KEB Hana / Hana Won-Q + Hana EZ)](https://docs.barcoder.ai/docs/wallets/hana-bank) (Hana Financial Group; Korean #3 by assets rival; post-2015 KEB Hana Bank merger) | [KakaoBank](https://docs.barcoder.ai/docs/wallets/kakaobank) (Korean digital bank rival; Kakao Corp subsidiary; 23M+ Korean customers) |
|---|---|---|---|---|---|
| Operator | **NongHyup Bank (NH NongHyup Financial Group parent; National Agricultural Cooperative Federation NACF parent)** | KB Kookmin Bank (KB Financial Group parent; KRX: 105560; NYSE: KB) | Shinhan Bank (Shinhan Financial Group parent; KRX: 055550; NYSE: SHG) | Hana Bank (Hana Financial Group parent; KRX: 086790) | KakaoBank (Kakao Corp subsidiary; KRX: 323410) |
| Type | **Specialized Korean agricultural bank + NH NongHyup Financial Group parent (NACF founding) + 1,118 independent NACF entities + 4,700+ Korean branches + 2.4M+ Korean member farmers + NH CoK Bank (CoK Farm + CoK Shopping) distinctive Korean agricultural cooperative banking app** | One of Korea's largest banks by assets + KB Financial Group flagship subsidiary + KB Star Banking 7M+ users distinctive Korean financial super-app + Mobile ID Service + KB Star Teens Service + 10-country pan-Asia-Pacific + US footprint | Korean #2 by assets + Shinhan SOL distinctive Korean banking app | Korean #3 by assets + post-2015 KEB Hana Bank merger | Korean digital bank + Kakao Corp subsidiary + 23M+ Korean customers + Aug 6 2021 KRX IPO + Korean digital banking pioneer |
| Country | KR | KR + 9+ countries | KR + 20+ countries | KR + 20+ countries | KR |
| Distinctive | **Aug 15 1961 NongHyup founding as Korean agricultural cooperative; Mar 2 2012 NongHyup Bank carve-out from NACF; 2018 NH CoK Bank distinctive Korean agricultural cooperative banking app launch (CoK Farm + CoK Shopping); NongHyup Bank international expansion under new CEO 2025** | Jan 1962 Kookmin Bank founding; 2001 KB Kookmin Bank formation via Kookmin + Korea Long-Term Credit Bank + Housing & Commercial Bank merger; Sep 30 2008 KB Financial Group formation | 1897 Hanseong Bank founding (Shinhan ultimate predecessor); 2001 Shinhan Financial Group formation; 2006 Chohung Bank acquisition | 2015 KEB Hana Bank formation via KEB + Hana Bank merger | 2017 KakaoBank launch; Aug 6 2021 KRX IPO |

## Status

**Active, specialized Korean agricultural bank + NH NongHyup Financial Group parent** <sup>[1][1], [2][2], [3][3]</sup>:
- **NongHyup Bank (NH NongHyup Financial Group parent; National Agricultural Cooperative Federation NACF parent)** since Aug 15 1961 NongHyup founding as Korean agricultural cooperative + Mar 2 2012 NongHyup Bank carve-out from NACF + 2018 NH CoK Bank distinctive Korean agricultural cooperative banking app launch.
- **NACF consists of 1,118 independent entities + 4,700+ Korean branches nationwide + 2.4M+ Korean member farmers**.
- **NongHyup Bank international expansion under new CEO** (per The Korea Herald 2025 Top Bankers feature).
- **FSS + FSC regulated**.

## Sources

[1]: https://en.wikipedia.org/wiki/Nonghyup_Bank "Nonghyup Bank — Wikipedia"
[2]: https://www.nonghyup.com/eng/main/engMain.do "NH — NongHyup — official"
[3]: https://www.koreaherald.com/article/2608602 "[Top Bankers] NH NongHyup speeds up global expansion under new CEO — The Korea Herald"
[kr-cro]: https://docs.barcoder.ai/docs/payments/KR

- [1] [Nonghyup Bank — Wikipedia][1]
- [2] [NH — NongHyup — official][2]
- [3] [Top Bankers] NH NongHyup speeds up global expansion under new CEO — The Korea Herald][3]
- <sup>[Korea, Republic of report](https://docs.barcoder.ai/docs/payments/KR)</sup> In-corpus: `reports/countries/KR-south-korea.md`

## Source

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