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Economy/Finance
Chairman Han Dong-woo of Shinhan Financial Group. Shinhan Financial Group's net profit surpassed 2 trillion won for the second year in a row, the company said recently. The group posted 2.37 trillion won ($1.91 billion) in net profit last year, up 14 percent from 2.08 trillion won the year before. …
Chairman Yoon Jong-kyoo of KB Financial Group. KB Financial Group’s saw its share price outstrip its rival Shinhan Financial Group in January for the first time in four years. KB Financial’s shares jumped 2.66 percent as of the close on Jan. 25 to 46,300 won per share, an astounding rise of 56.2 …
Chairman Kim Jung-tae of Hana Financial Group. Hana Financial Group posted 1.345 trillion won in net profit in 2016, up nearly 50 percent year-on-year, the group said on Jan. 24. It’s the largest net profit since Hana Bank merged with Korea Exchange Bank in 2012. Officials of the group attributed…
Chairman Kim Yong-hwan of NH Financial Group shakes hands with a staff as he visits the NH  Investment and Securities Co. head office with President Kim Won-kyu of the securities affiliate of the group behind him.(Photo: NH Financial Group) NH Bank erased the deficit it incurred in 2015 and hi…
Chairman-designate Cho Yong-beong of Shinhan Bank slated to succeed chairman Han Dong-woo of Shinhan Financial Group who retires in March.(Photos: SFG)Shinhan Card President Wi Sung-ho tapped as Shinhan Bank president. Cho Yong-beong, the chairman-designate of Shinhan Financial Group said he will g…
President Lee Kwang-goo of Woori Bank. President Lee Kwang-goo of Woori Bank has been recommended as the first president of the privatized Woori Bank by the Woori Bank President Recommendation Committee. The president-nominee will officially take over the office for two years as soon as shareholde…
President Kim Do-jin of Industrial Bank of Korea.(Photo: IBK) The Industrial Bank of Korea (IBK) logged consolidated net profit of 1.164,6 trillion won in 2016, up 1.6 percent YoY, which includes those of IBK Capital and IBK Investment and Securities.  IBK posted its own net profit of 1.267 t…
KB Card CEO Yoon Woong-won. KB Kookmin Card Co. introduced a blockchain-based personal authentication system for its bank service users from November last year, becoming the first Korean financial institution to adopt such a simplified, but more secure mobile payment verification system in Korea. …
President Kim Won-kyu of NH Investment and Securities Co,(Photos:NHIS) NH Investment and Securities Co. has decided to push the Mirae Asset Rogers Commodity Index Fund, which is focused on investments in industrial raw materials, including energy, minerals and farm produce. Experts are now counting…
Chairman Hwang Young-key of the Korea Financial Investment Association. Chairman Hwang Young-key of the Korea Financial Investment Association (KOFIA) said there are some financial regulations that the securities firms find very restrictive for their operations, and thus, need to be reformed. On t…
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Business/Company
Chairman Kwon Oh-joon of POSCO.(Photo: POSCO) POSCO has tapped Kwon Oh-joon to serve another three-year term as its chairman and CEO. The steelmaker’s board at its meeting on Jan. 25 agreed to retain him for another term. His nomination will become…
(from left) New President Sung Sang-rok, New Senior Executive Vice President Chung Young-chul, New Senior Executive Vice President Park Soo-nam(from left) New Senior Executive Vice President Yang Seung-wook, New Deputy Director Jang Woong-joon, New E…
SK Group Chairman Chey Tae-won deliver a speech at a ceremony to kick off the 2017 business year at the group’s headquarters in Seoul. (Photo: SK Group) SK Group’s move to acquire a stake in a Chinese livestock enterprise is consistent with the gr…
LG Chem Vice Chairman Park Jin-soo. LG Chem is mass-producing an advanced material that is 100 times stronger than steel and possesses higher heat and electrical conductivity. The step is part of the company’s strategy to shift the paradigm to a fo…


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