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Economy/Finance
President Wi Sung-ho of Shinhan Bank, holds a trophy with Chairman Lim Ju-hyun of the first-class graduates of Shinhan Do Dream Soho Academy. (Photo: Shinhan Bank) Led by President Wi Sung-ho, on Sept. 26 Shinhan Bank unveiled a mammoth “Shinhan Do Dream Project” involving 9.32 trillion won in lo…
President-designate Hur Yin of Kookmin Bank. Hur Yin, president-designate of KB Kookmin Bank, said customers will be at the center of the bank’s operation when he takes over the top management of the bank.  Shareholders are slated to approve his nomination at a meeting on Oct. 16. During a …
President Lee Kwang-goo of Woori Bank.(Photos: Woori Bank)Woori Bank clinched the right to be the main bank for the National Pension Service (NPS) with 600 billion won in funds for the next five years with the pension service announcing the bank will be the priority bidder at the end of the biddin…
President Kim Kyu-ok of the Korea Technology Credit Guarantee Fund(kibo).(Photo: Kibo) The Financial Services Commission (FSC) has officially taken up the matters related to turning Korea Technology Credit Guarantee Fund (Kibo) into a corporation, with the fund now reassigned to the Ministry of SME…
Chairman Shin Chang-jae of Kyobo Life Insurance Co.(Photo: Kyobo Life Insurance) Kyobo Life Insurance Co. led the life insurance industry in Korea for the past 60 years after wisely overcoming a number of crises, including the foreign exchange and global financial crises. At the center of its strat…
President-designate Lee Dong-bin of Suhyup Bank. (Photo: NFFC) Lee Dong-bin, former vice president of Woori Bank, has been nominated as the new president of the Suhyup Bank. The Bank President Recommendation Committee of Suhyup Bank announced on Oct. 18 that the committee nominated the former vice…
President Moon Jae-do of the Korea Trade Insurance Corp. The Korea Trade Insurance Corp. (K-sure) has recently recovered $3.7 million worth of non-performing loans from Nigeria. The recovered money is part of export bonds worth $12.8 million a Korean trade company did not receive from a Nigerian ba…
IBK Head Office building. (Photo: IBK)The Industrial Bank of Korea is out to support its SME clients go through restructuring with diverse financial means. Its slogan, “Finance right and we can succeed together,” was set up following its Companion Finance declaration at a recent ceremony.At the mo…
Chairman Hwang Young-key of the Korea Financial Investment Association(KOFIA).(Photo: Kofia) Chairman Hwang Young-key of the Korea Financial Investment Association (Kofia) said the association has requested to the National Assembly that it should take actions to expand the lending limits placed on …
Chairman Cho Yong-byeong of Shinhan Financial Group.(Photo:SFG) Chairman Cho Yong-byeong of Shinhan Financial Group called for reforms over and beyond those performed in the financial industry to achieve its target of being a leading financial group in Asia in 2020 and also its position as the top …
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Business/Company
Spectators look at a concept EV car model made with magnesium steel, a new EV car material, on display at the Global EV Material Forum 2017 at the POSCO Global R&D Center in Songdo, Incheon, on Oct. 31.POSCO Chairman Kwon Oh-joon. (Photos: POSCO)…
Lotte Group Chairman Shin Dong-bin waves the flag of the group’s holding company in an inaugural session at the Lotte Wrold Tower in Jamsil, Seouo, on Oct. 12. (Photo: Lotte Group) Lotte Business Group, the nation’s fifth largest conglomerate, off…
A view of a 98-inch 8K LCD TV on display by Samsung Display at the International Media Information Display Exhibition held Oct. 17-19 at Coex, southern Seoul.A view of a 49-inch Ultra Wide LCD TV on display by Samsung Display at the IMID Exhibition h…
A scene from CJ Kidsville  Cooking Class hour. CJ Group has been found to have led in job creation among the top 30 conglomerates in Korea, along with its contribution to helping its employees give equal time to both the company and their house…


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