A Startup Growth Accelerator: NH NongHyup Establishes Itself as an "Innovation Bank"

Six years after its launch, NH Open Business Hub has supported 246 companies and built a virtuous cycle of productive finance.
Lomin, an AI-based document data company, grew rapidly last year. It signed contracts with major financial institutions in banking, insurance, and securities, as well as with public institutions such as Korea Post. Customers gave high marks to Textscope, Lomin's OCR (optical character recognition) service that understands handwriting, context, and document structure at the same time. Behind the breakthrough for Lomin, which was founded in 2018 and spent years refining its technology, is its collaboration with NH NongHyup Bank.
Lomin first worked with NongHyup Bank in 2021 as a company supported by the bank's open innovation program, NH Open Business Hub, and seized a growth opportunity in 2025. Commercialization gained momentum when Lomin solved a custom challenge to push past the performance limits of the existing OCR system run by the New Technology Convergence Team in NongHyup Bank's IT Planning Department. "We were able to take on the bold challenge of bringing an entirely new AI model to a commercial level in a short time because NH gave us its full support," said Kang Ji-hong, CEO of Lomin.