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Economy/Finance
President Kim Jae-chun of Korea Housing Finance Corp. (Photo: HF)Korea Housing Finance Corp. said subscribers to the Housing Retirement Fund (JTYK), total 45,371 so far, with this year being the 10th anniversary of the retirement fund program. The subscribers to the housing retirement fund numbered …
President Wi Sung-ho of Shinhan Bank. President Wi Sung-ho of Shinhan Bank chose “Clerk’s Capacity” as the keywords for his management plan in the second half, concluding that it is people that make organizations. It’s a signal that open screening for candidates will be used to fill key posts i…
Chairman Yoon Jong-kyoo of KB Financial Group KB Financial Group said its first half net profit amounted to 1.8602 trillion won, up 65.5 percent YoY, including 999.01 billion won in Q2 net profit, up 13.8 percent YoY, the financial group said on July 20. KB Financial Group Inc., a major South Kore…
President Kim Do-jin of the Industrial Bank of Korea waves the bank’s flag at a ceremony for the 56th anniversary of IBK on Aug. 1.(Photo: IBK) President Kim Do-jin of the Industrial Bank of Korea (IBK) revealed his management vision, “Companion Finance,” which is designed to expand the bank’s …
President Lee Kyung-sob of NH Bank.(Photo: NH Bank) NH Bank is set to introduce its “Doctor in Charge System” giving customers the right to select who they want to manage their deposits from the second half this year. The bank will also focus on customers who are baby boomers, those born between…
“Tatan Daero Only You Card” just introduced by KB Card with many benefits. KB Card recently introduced the “Tantan Daero Only You Card,” which comes with discount benefits for refueling and maintenance at service stations. Another special feature of the card is that it has an increased accumula…
Chairman Hwang Young-key of Korea Financial Investment Association. "Individual Savings Accounts (ISA) have become tax-free deposit accounts, an uncomfortable truth, and the ISA Season 2 should absolutely include a securities-type ISA,” said Chairman Hwang Young, chairman of the Korea Financial In…
President Kim Jae-shik of Mirae Asset Life Insurance Co.A scene from the temporary shareholders’ meeting of Mirae Asset Life Insurance Co. held on Aug. 4.(Photos: Mirae Asset) The insurance industry has been edgy over the changes that the IFRS17 (the International Financial Reporting Standard 17) …
Chairman Kim Jung-tae of Hana Financial Group.(Photo: HFG)Hana Financial Group saw its 2nd Qtr. net profit jump the highest in its history, logging 538.9 billion won, up 53 percent from 352.1 billion won from the same period last year, the group said on July 21.The financial group attributed the rec…
Woori Bank will inject $100 million into its Indonesian subsidiary to bolster its capital base and groom it to be one of the top five lenders in the Southeast Asian country. According to multiple sources from the financial industry on June 28, PT Bank Woori Saudara received approval from the Indo…
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Business/Company
A view of POSCO Center in Seoul. (Photo: POSCO) POSCO 2nd Qtr. profit more than doubles profit rises to 530.1 billion won from 220.5 billion won, thanks to excellent results in construction, energy and trading affiliates to cover slowdown in steel s…
President Lee Tae-jong of Hanwha Corp.’s defense business who received the Korea Prime Company Award from the Korea Academic Society of Business Administration at an awards ceremony at the Kimdaejung Convention Center in Gwangju on Aug. 21. Hanwha …
Samsung Electronics Vice Chairman Lee Jay-yong. (Photo: Samsung Electronics) Global attention is now squarely on how Samsung Business Group steers its management decisions after a district court hands down its verdict for the imprisoned Samsung Elec…
The ESS model, RESU 6.5 Silver, produced by LG Chem. (Photo: LG Chem) LG Chem has joined forces with Swedish furniture company Ikea to make inroads into the British power market. Under the collaboration, a world-class household solar energy storage …


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