TLDR: NH Nonghyup Bank has been recognized with the prestigious Korea Big Data AI Award from the Minister of Science and ICT, celebrating its significant advancements in leveraging data and artificial intelligence for financial innovation, including the integration of Generative AI and achieving the financial sector’s first data quality certification.
Seoul, South Korea – NH Nonghyup Bank proudly announced today, September 22, 2025, that it has received the esteemed Korea Big Data AI Award from the Minister of Science and ICT. This accolade acknowledges the bank’s remarkable achievements in driving financial innovation through the strategic application of data and artificial intelligence (AI).
The recognition highlights Nonghyup Bank’s commitment to becoming a leading digital bank in Korea. The bank earned high praise for its groundbreaking efforts, including securing the financial sector’s first data quality certification and successfully integrating innovative financial services powered by Generative AI.
This award is particularly significant as it underscores the bank’s comprehensive utilization of data and AI across its financial services, extending beyond mere technological adoption. Nonghyup Bank has been actively accelerating customer-centered digital innovation by rolling out AI-based financial product recommendation services and AI business assistant services. These initiatives have demonstrably enhanced convenience for financial consumers and boosted the operational efficiency of employees, establishing Nonghyup Bank as a prominent success story within the industry.
Earlier this year, on July 8, 2025, NH Nonghyup Bank made headlines by becoming the first financial institution in Korea to simultaneously obtain Structured Data Quality Certification (Complex-type Class A) and Data Management System Quality Certification (Level 4) from a Ministry of Science and ICT-designated organization. This certification, which evaluates data accuracy and management systems, laid a strong foundation for the bank’s subsequent AI-driven innovations.
The bank’s strategic vision, articulated by its new president Kang Tae-young, who took office on January 3, 2025, emphasizes a ‘Digital Leading Bank’ ambition. Key tasks outlined by President Kang include AI and big data-based ultra-personalized marketing, expansion of non-face-to-face financial services, and a reorganization of customer strategies centered on digital channels.
An official from Nonghyup Bank stated, “We will continue to contribute to the development of the digital ecosystem across the financial industry along with practical financial innovations that customers can feel.” This commitment aligns with South Korea’s broader national strategy to become a top-three global AI powerhouse, as pledged by the new Science and ICT Minister, Bae Kyung-hoon, who assumed office on July 17, 2025.
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Nonghyup Bank’s continuous efforts in establishing systematic management through data and AI governance, coupled with collaborations with external specialized organizations, are pivotal in creating new value based on financial data and solidifying its position at the forefront of digital finance.
