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NongHyup Bank has announced that it has implemented a certification system for internal control experts, becoming the first bank in the industry to do so. The bank introduced its own internal control expert training program, known as the NH Internal Control Expert certification system, and has awarded the NH Internal Control Expert Level 3 certification following an 8-week period of self-study and online assessments that began in August.

Through the initial certification evaluation, a total of 3,521 individuals have been trained as Level 3 internal control experts. The main educational curriculum includes topics such as prevention of financial incidents and internal control, compliance with regulations and internal control, and financial ethics. The program also offers in-depth learning about preventive measures and internal control systems related to recent significant financial incident cases.

Kang Tae-young, the president of NongHyup Bank, stated, "Strengthening the internal control capabilities and awareness of each employee, as well as the system, is the key to preventing incidents." He emphasized the banks commitment to establishing a comprehensive internal control culture as a foundational effort through the initiation of this certification system.

Looking ahead, NongHyup Bank plans to actively promote the expansion of the certification system by introducing Level 1 and Level 2 certifications by 2027.

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