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Economy/Finance
Chairman Cho Yong-byoung of Shinhan Financial Group. (Photos: Shinhan Financial Group)Shinhan Financial Group recorded operating profits in the two trillion won range in the first quarter of this year, setting a new profit record. Shinhan Financial Group announced on April 22 that it posted 2,1…
Chairman Yoon Jong-kyu of KB Financial Group. (Photos: KB Financial Group)KB Financial Group ranked No. 1 in Korean financial institutions in net profit in the first quarter, thanks to the growth of loans and interest income.On April 22, KB Financial Group disclosed that its net profit for the first…
Chairman Ham Young-joo of Hana Financial Group. (Photos: Hana Financial Group)Hana Financial Group announced on April 22 that it posted 902.2 billion won in net profit in the first quarter.This was an increase of 8 percent (66.6 billion won) from the same period of 2021. “Hana Financial Group …
Sohn Tae-seung, chairman of Woori Financial Group. (Photos: Woori Financial Group)Woori Financial Group recorded record-breaking quarterly earnings in the first quarter, thanks to the incorporation of subsidiaries and an improvement in its profit structure. The group produced an earnings surpri…
Chairman Son Byung-hwan of NH NongHyup Financial Group. (Photo: NH NongHyup Financial Group)NH NongHyup Financial Group racked up 596.3 billion won in net profit in the first quarter of 2022, down 1.3 percent from the previous year.NH NongHyup Financial Group attributed the drop in net profit to add…
President Jin Ok-dong of Shinhan Bank. (Photos: Shinhan Bank)Shinhan Bank announced on May 11 that Shinhan Bank Vietnam issued bonds worth VND2.8 trillion (153 billion won). The bonds issued were the first local currency bonds in the 29 years since Shinhan Bank entered the Vietnamese market by …
KB Kookmin Bank announced on April 12 that it signed a business agreement on giving ESG support to SMEs with the KOSME. Shown above (from left) are Choi Hak-su, head of the Innovation Growth Division of the KOSME, Kim Hee-cheon, SME policy officer at the Ministry of SMEs and Startups and Jeong Moon-…
Kim Jin-seok, manager of the Taipei Branch poses for a photo with other officials in a ceremony in honor of the opening of the branch on April 25. (Photo: Hana Bank)Hana Bank succeeded in making a foray into the Taiwanese market. The Hana Financial Group will play a key role in its leap forward…
Woori Bank signs an MOU for artificial intelligence (AI) research and development with Yonsei University at Yonsei University on May 2. Cha Ho-jeong (left), Dean of AI Convergence College at Yonsei University, poses for a photo with Ok Il-jin, director of the Digital Strategy Group at Woori Bank. (P…
President Kwon Joon-hak of NongHyup Bank. (Photos: Nonghyup Bank)As airliners began to expand their flights with COVID-19 pandemic measures easing, NongHyup Bank President Kwon Joon-hak is also putting a spur into the bank’s penetration of the Southeast Asian market. NongHyup Bank has been wor…
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Industry/Energy
President Kim Ho-bin of Korea Midland Power Co. (KOMIPO) delivers his speech at a ceremony to welcome freshmen employees for the first half of 2022 on April 27. (Photos: KOMIPO)Korea Midland Power Co. (KOMIPO) held a ceremony to dedicate a wind power…
LG Chem announced on April 27 that the company racked up revenue of 11.61 trillion won and operating profit of 1.02 trillion won in 2022 Q1.Revenue rose 6 percent QoQ, while operating profit reported increased 36.9 percent. On a yearly basis, the com…
LS Group Chairman Koo Jae-eun, LS Corp. CEO Myung Noh-hyun, LS Cable & System President Koo Bon-kyu, and President Park Ji-heon of Korea Electrical Safety Corp. participate in a ceremony to launch the undersea cable laying ship “GL2030.” (Photo…
Nam Yo-shik, head of the Growth Business Division at Korea Hydro Nuclear Power (KHNP), poses with Piotr Naimski, Plenipotentiary of Strategic Energy Infrastructure, and Adam Guibourge-Czetwertynski, Poland’s undersecretary of state at the Ministry o…


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